UPAWF Act 13
Section 13 · Payment from the Fund on cessation of membership
Text size — level 1 of 4
(1)
A member of the Scheme shall on ceasing to be such member, be entitled to receive from the Fund -(a)
an amount equal to the aggregate of annual subscriptions paid by him, if he has been a member for a period of less than five years;(b)
an amount calculated at the rate of Rs. 1,000 for every completed year of his membership, if he has been a member for a period of five years or more subject to a maximum of Rs. 50,000.(2)
In the even of death of a member the amount payable under sub-section (1) shall be paid to his nominee, or where there is no nominee, to his legal heirs.Explanation. - For the purposes of this sub-section, the term member includes a person who dies after ceasing to be a member before receiving payment under subsection (1).Your private note on this section
Only you can see this note.