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Question

Which one of the following is not a currently existing Scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952?

The correct answer is
Employees' Family Pension Scheme, 1971

The question asks which of the listed schemes is not currently existing under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. To determine the correct answer, we must understand the status of each scheme:

Employees' Provident Fund Scheme, 1952: This is an existing scheme aimed at providing retirement income to employees in the formal sector.

Employees' Deposit-Linked Insurance Scheme, 1976: This scheme provides life insurance coverage to employees, and it is currently in operation.

Employees' Pension Scheme, 1995: This scheme replaced the Employees' Family Pension Scheme, 1971, and is currently operational to provide pension benefits to employees after retirement, through their employers.

Employees' Family Pension Scheme, 1971: This was replaced by the Employees' Pension Scheme, 1995, and therefore, no longer exists.

From the above explanation, it is clear that the Employees' Family Pension Scheme, 1971, is the one that is not a currently existing scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. It was replaced by the Employees' Pension Scheme, 1995.

Therefore, the correct answer is Employees' Family Pension Scheme, 1971.

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