Bare ActsThe Non-Resident Keralites' Welfare Act, 2008

Section 4

Contribution to the Fund

Amendment status not verified — confirm the current text below against the official source.

Contribution to the Fund.- (1)Every Non-Resident Keralite (abroad) member continuing in employment abroad shall pay an amount of rupees three hundred per month and every Non-Resident Keralite (abroad) member came back from abroad and settled permanently in Kerala shall pay an amount of rupees hundred per month to the Fund as contribution. (2) Every Non-Resident Keralite (India) member shall pay an amount of rupees hundred per month to the Fund as contribution. 33/150/2009 (3) The Government shall pay every year to the Fund by way of grant an amount equal to two percent of the contribution paid under sub-sections (1) and (2) above. (4) Every deemed member shall contribute rupees fifty per month to the Fund as contribution. (5) The Government may, by notification in the Gazette, revise the rates of contribution specified in sub-sections (1), (2) and (4) once in three years taking into account the amount required for the implementation of the Scheme.