A PROJECT REPORT

ON

“A STUDY OF SOCIAL SECURITY OF EMPLYOYEES AT BGPPL”

AT

BILT GRAPHIC PAPER PRODUCTION LTD.

BY

NEELAM ADEPWAR

UNDER THE GUIDANCE OF

PROF. DR. MEETA MESHRAM MAM

TO

UNIVERSITY OF PUNE

A PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE

AWARD

OF THE DEGREE

“MASTER OF BUSINESS ADMINSTRATION (M.B.A)”

2018-2019

SINHGAD INSTITUTE OF MANAGEMENT AND COMPUTER

APPLICATION
 DECLARATION

I hereby declare that the project report entitled “A STUDY OF SOCIAL

SECURITY OF EMPLOYEES AT BGPPL” submitted by me to SINHGAD
INSTITUTE OF MANAGEMENT AND COMPUTER APPLICATION,
NARHE PUNE in partial fulfilment of the requirement for the award of the
degree of MBA in HUMAN RESOURCE is a record of project work carried
out by me under the guidance of DR. MEETA MESHRAM. The result
embodies in this have not seen submitted to any other university or institute for
the award of any degree or diploma.

PLACE: PUNE
DATE:
 ACKNOWLEDGEMENT

The compilation of the dissertation presented would not have been possible
but for valuable guidance, Encouragement and contribution of various
person at different stages of time.

It is honour to receive guidance and help from Dr. MEETA MESHRAM

MAM of our esteemed institute who is also guide to me on this dissertation.

He gave me an open invitation to approach him in all stages whenever

required.

I also appreciate the kind support and help provided by sinhgad institute of
management and computer application pune.

Last but not the least I would like to express my profound gratitude to each
and every employee of organization who contributed in their own ways in
successful completion of this project.

SIGNITURE
NEELAM ADEPWAR
SR. NO. CHAPTER’S NAME PAGE
NO.
1. Executive Summery 5

2. Introduction 6

3. Objective 8

4. Company Profile 9

5. History 11

6. Research Methodology 12

7. Data Analysis 26

8. Finding 35
9. Suggestion 36

10. Limitation 37

11. Conclusion 38

12. Annexure 39

13. Bibliography 43
 Chapter 1.
Executive Summary
  EXECUTIVE SUMMERY
 ABOUT BILT.

Bilt is the largest paper company in India It is also the only Indian company to
rank amongst the top 100 pulp and paper company worldwide. It has a strong
presence in all segment of the usage spectrum that includes writing and printing
paper. Complementing this is diversified production infrastructure with 6
manufacturing units spread across the country.
In recent years, BILT has evolved as a more
dynamic, knowledge driven organisation focused towards creation of
stakeholder valued. In the process It has also transformed the pap3er industry
for traditional commodity market mindset to a branded one. A concerted
program of innovation and technological excellence help it proactively respond
to the needs of each individual segment today Bilt not only has the range, but
also a well entrenched distribution network that enables it to reach customers
any time, any place.
As the industry leader BILT is committed to developing its business
towards ecological social and economics sustainability. Community
development and upliftment of the of the marginalized class have been
identified as focal area BILT has joined hand with pratham an NGO that runs
primary education programs all over the country a key initiative in
environmental accountability is the Bilt from forestry program that has covered
more than 7500 farmers since 2001.
Ballarpur Industries Limited (BILT) is India’s largest manufacturer of writing and
printing (W&P) paper. BILT’s subsidiaries include Ballarpur International Graphic
Paper Holdings B.V. (BIGPH)
BILT Graphic Paper Products Limited (BGPPL)
Sabah Forest Industries (SFI)
Malaysia’s largest pulp and paper company.
In India, the company has six manufacturing units, giving it geographic
coverage over most of the domestic market. The company has a
dominant share of the high-end coated paper segment in India.
Chapter 2.
Introduction
 INTRODUCTION

The promotional United States Social Security card distributed as an example

card in wallets distributed by the F.W. Woolworth Company. Social security is
"any government system that provides monetary assistance to people with an
inadequate or no income."
Social security is asserted in Article 22 of the Universal Declaration of Human
Rights, which states: Everyone, as a member of society, has the right to social
security and is entitled to realization, through national effort and international
co-operation and in accordance with the organization and resources of each
State, of the economic, social and cultural rights indispensable for his
personality.
In simple terms, the signatories agree that the society in
which a person lives should help them to develop and to make the most of all
the advantages (culture, work, social welfare) which are offered to them in the
country.

“Social security may also refer to the action programs of an organization

intended to promote the welfare of the population through assistance
measures guaranteeing access to sufficient resources for food and shelter and
to promote health and well-being for the population at large and potentially
vulnerable segments such as children, the elderly, the sick and the
unemployed. Services providing social security are often called social services.”
  Elsewhere the term is used in a much broader sense, referring to the
economic security society offers when people are faced with certain
risks. In its 1952 Social Security (Minimum Standards) Convention (nr.
102), the International Labour Organization (ILO) defined the traditional
contingencies covered by social security as including:
Survival beyond a prescribed age, to be covered by old age
pensions;

o The loss of support suffered by a widowed person or child as the result

of the death of the breadwinner (survivor’s benefit)

o Responsibility for the maintenance of children (family benefit)

o The treatment of any morbid condition (including pregnancy), whatever

its cause (medical care)

o A suspension of earnings due to pregnancy and confinement and their

consequences (maternity benefit)

o A suspension of earnings due to an inability to obtain suitable

employment for protected persons who are capable
of, and available for, work (unemployment benefits)

 A suspension of earnings due to an incapacity for

work resulting from a morbid condition (sickness
leave benefit)

 A permanent or persistent inability to engage in

any gainful activity (disability benefits)

 The costs and losses involved in medical care,

sickness leave, invalidity and death of the
breadwinner due to an occupational accident or
disease (employment injuries).
3. Chapter
Objectives
  OBJECTIVES

 To study the social security provided to the employees at

BGPPL.

 To study whether social and economic development of

employees and their children is taken care by BGPPL.

 To the study of Compensation process of the Aggrieved

employees at BGPPL.

 To the study of satisfaction of employees towards the social

security provided by BGPPL.

 To the study of welfare of the employees at BGPPL.

Chapter 4.
Company Profile
  COMPANY PROFILE

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  Company core value

 1) Honesty we will be principled straight forward and fair in all our

dealings

 2) Integrity we will maintain the highest standard of profession

 3) Flexibility we will adapt ourselves to always stay as step

ahead of change

 4) Respect for individual we will acquire and apply leading age

expertise in all aspects of our business

 5) Team performance the team come first none of us is as good as all

of us.
Chapter 5.
History
 HISTORY

Lala Karam Chand Thapar established Company in 1945 as Ballarpur

paper and straw board mills limited, with “three aces”(paper) and wisdom
being its first two brands In 1969 shree gopal paper mills limited in
Yamunanagar IN 1975 the organisation was renamed Ballarpur Industrial
limited. In 1975 the organisation was renamed Ballarpur industries limited.
In the 1990 the company was under stage from southeast Asian companies
who set up green filled projects in India but in2001, Ballarpur Industries turned
around and was able to buy out its Indonesian competitors Sinar was group
Indian division and entered into a partnership with red roses publication
Norway. The name BILT emerged after a corporate rebranding exercise in
2002. Today it is a well established name associated with not just paper, but
also stationary product.

Ballarpur Industries Limited (BILT) is India’s largest manufacturer of writing and

printing (W&P) paper. BILT’s subsidiaries include Ballarpur International
Graphic Paper Holdings B.V. (BIGPH); BILT Graphic Paper Products Limited
(BGPPL); Sabah Forest Industries (SFI), Malaysia’s largest pulp and paper
company.
In India, the company has six manufacturing units, giving it geographic
coverage over most of the domestic market. The company has a dominant
share of the high-end coated paper segment in India. It accounts for over 53%
of the coated wood-free paper market, an impressive 80% of the bond paper
market and nearly 35% of the hi-bright Maplitho market, besides being India’s
largest exporter of coated and uncoated paper.
 Chapter 6.
Research Methodology
  SOCIAL SECURITY SHEME

The Company is concerned about the employee welfare, as also that of their
family apart from providing you a stimulating working environment. Various
Social Security Scheme are therefore in force to adequately cater to any
unforeseen eventualities.
The highlights of the various schemes are set out in this
section for ready and convenient reference.
 *{1} GROUP PERSNOL INSURANCE POLICY

 PREMABLE

BILT has taken a policy with United India Insurance Company Limited, for its
management staff for covering the risk arising out of accidents and resulting in
partial/total disablement or death.

A significant feature of this policy is that it provides a 24 hour risk cover

irrespective of the fact whether the officer is on duty or not.

This Policy cover accidents of all nature expect those, which have specially
been excluded, as enumerated in the policy, a copy of which is available with
the HR Department.

The Policy is renewed every year on 1st July.

 ELEGIBILITY

All Management Staff including Probationers and Trainees, who are/go

beyond the purview of ESI Act, are covered under this policy.

Such Officers who go beyond the purview of the ESI Scheme at any point
of time are immediately thereafter eligible for coverage.

It covers Management Staff posted only within Indian and hence such
Management staff, which are sent overseas on secondly ceases to be
covered under this Policy for the tenure of their posting abroad.

It covers only Officers themselves and their family members.

 PREMIUM

The premium for the policy is entirely borne by the company.

 SCOPE OF COVERAGE AND BENEFITS AVAILABLE

This policy provides coverage against death, permanent disablement and

temporary disablement resulting out of accident as per the details given
below.

It also provides for reimbursement of Medical Expenses up to specified

limits as detailed below.

 CAPITAL SUM INSURED

Capital Sum Insured in case of each individual means forty eight times of
this monthly salary, communicated to the Insurer at the time of
coverage/renewal.
 COMPENSATION AVAILABLE ON DEATH

In case of accident resulting in death, compensation equivalent to

Capital Sum Insured is payable.

 COMPENSATION AVAILABLE ON PERMENENT DISABLEMENT

Permanent Total Disablement

In the event bodily injury resulting in permanent total disablement, the

compensation payable is equivalent to capital sum insured.

 Permanent Partial Disablement

In the event of bodily injury resulting in permanent partial
disablement, the compensation payable is equivalent to
percentage of capital sum insured depending upon the loss of
earning capacity.
 Disablement
The compensation payable as a percentage of the Capital sum
insured in the event of disablements of various natures.

 COMPENSATON AVAILABLE ON TEMPORARY DISABLEMENT

In the event of bodily injury not resulting in permanent disablement ,

25% of the monthly salary per week on which coverage has been
granted (to a maximum of Rs. 1500/- per week) is payable for the period
of temporary disablement.

 REIMBURSEMENT OF MEDICAL EXPENSES

Actual Medical Expenses incurred on treatment of accident injury are

reimbursement to the extent.
 25% of the compensation OR 10% of capital sum incurred OR whichever
is less actual claim amount.

In the event of accident resulting in hospitalization, the expenses

incurred on treatment in excess of what is allowed under 4.7.1. Is
reimbursement separately within the prescribed limits of ‘Group
Medical Expenses Insurance scheme’.

 STEP WHICH AN OFFICER MUST ENSURE ON BECOMING FOR

COVERAGE

Whereas the HR Department initiates steps for covering all eligible

management staff, nevertheless on Officer, when eligible, should take
up with the HR Department to this effect.

Fill the Appointment of Beneficiary From.

 IN THE EVENT OF ACCIDENT

Ensure that a firsthand information about the occurrence of the accident
giving detail of the injury suffered and likely period of the absences from
duty is communicated to the HR Department at the earliest possible.
 FOR LODGING CLAIMS

After recovery from accidents injuries and on joining duties fill

in:

Personal Accident Insurance- Claim From

Personal Accident Insurance-Medical Report
Submitted these from duly completed and endorsed
by the Doctor who attended on the injured person to the HR
Department.
 IN CASE OF ACCIDENT REQURING HOSPITALIZATION

After discharge from the hospital/Nursing Home where the insured

person was hospitalized for treatment of accident injuries submit
claim from (given below) duly filled in and endorsed by the Doctor
who attended on the injured person. Hospital Bills, payment
receipts, medical bills in original. If any and doctor’s prescription, X-
rays and pathological reports etc. be also enclosed along with the
claim from, and official.
 FROM OF APPOINMENT OF BENEFICIARY

M/s. Ballarpur Industries Limited,

First India Place, Tower-C,
Mehrauli- Gurgaon Road,
Gurgaon, Haryana-122 002

Dear Sirs,
I,------------------a member of the Ballarpur Industries Limited,
Group Personal Accident Insurance Scheme herby appoint my
(relationship) named----------------aged ---------years and whose
address is-----------------------------------------------------as one
person to be Beneficiary to whom the money may be paid in
the event of my death, in signature at---------------------this-------
-------------------------------------day of--------------------------------.

Signature

Name

(Division/Department)

Witnessed by:

Signature----------------
Name---------------------
Address------------------

Signature----------------
Name---------------------
Address-----------
 *{2} GROUP TERM INSURANCE POLICY

 PREAMBLE

The company has taken policy with Life Insurance Corporation

of India, For providing insurance cover in the Unfortunate event
of death of the officer during the employee with the company.

The significant feature of this policy is that provides insurance

cover in case of death occurring due to any reason whatsoever.

The policy is renewed every year on 1st July.

 ELIGIBILITY

All confirmed Management Staff aged between 18 to 60 years

and drawing salary and Personal pay (if any) exceeding Rs.
1000/- per month are covered under this policy.

Membership in respect of such officers who attain age of 60

years is discontinued even though they may continue in
employment with the Company through extension of service.

The Management Staff who are sent overseas on secondly

continue to be covered under this policy, on the last drawn
salary in India at the time of coverage/renewal.

Newly appointed Management Staff are covered on the annual

renewal date provided they are confirmed and have completed
6 months of service as on that date.
 PREMIUM

The premium of this policy is entirely borne by the company.

 SCOPE OF COVERAGE AND BENEFITS AVAILABLE

Each Member is provided coverage for an amount equivalent to

two months’ salary for each year of service lift the age of
superannuation in the event of death.

The maximum coverage granted is limited to Rs. 1, 00,000/-

Each member.

 MISCELLANEUS

The Insurance Company would discharge its liability to BILT

who in turn would arrange to pay the amount to the
beneficiary/legal heir of decreased member on completion of
necessary formalities.

 STEP, WHICH AN OFFICER MUST ENSURE

 ON BECOMING ELIGIBLE FOR COVERAGE

Whereas the HR Department initiates step for coverage of

eligible Management Staff, nevertheless, an officer when
eligible should take up with the HR Department to this effect.

Fill In the APPOINTMENT OF BENEFICIARY FROM

 IN THE EVENT OF CLAIM ARISING ON DEATH

The beneficiary/legal claimant should contact the

Personal Department along with the death certificate of
deceased member for lodging the claim with the Insure
for payment of the insured amount to him.

 FROM OF APPOINMENT OF BENEFICIARY

M/s. Ballarpur Industries Limited

First India Place, Tower-C,
Mehrauli-Gurgaon Road,
Gurgaon, Haryana-122 002

Dear Sirs,
I,------------------------ a member of the BALLARPUR
INDUSTRIES LIMITED GROUP TERM INSURANCE SCHEME
hereby appointed my (relationship)----------------------------
-----------------------named ------------------------aged-------------
-----------years and whose address is----------------------------
-------------as the person to be the beneficiary to whom
the money may be paid in the event of my death.

Signed at--------------------------this-----------------day of-------

-----------------------.

(SIGNATURE OF MEMBER)
Witnessed by:

Signature--------------
Name-------------------
Address----------------
Chapter 7.
Data Analysis
*{3} MEDICAL BENEFIT (DOMICILIARY TREATMENT) SCHEME

 PREAMBLE
The Employee state Insurance Scheme provides for medical benefits to the
employees who are in receipts of monthly salary to a certain limit, which at
present is Rs.10, 000/- per month.
In respect of such Management Staff, who is not covered under the ESI
Scheme, the company’s medical benefits scheme is applicable.
The company’s medical benefits (domiciliary treatment) scheme provides for
reimbursement of medical expenses incurred on illness of day-to-day nature.

 ELEGIBLITY
All Management Staff including probationers who are/go beyond the
purview of ESI are eligible for benefits under this scheme.
The Trainees appointed under the company Training Scheme, are not
eligible for this scheme for the tenure of their posting abroad.

 SCOPE OF COVRAGE

This Scheme provides for reimbursement of expenses to the employee

incurred on himself, the spouse and the dependent children. However, if
the spouse is employed elsewhere and is entitled/able to secure
reimbursement from any other source, then the company does not
reimburse any expenses on such spouse medical treatment.
The benefits of the scheme have also been extended to the parents of the
officers provided the following conditions are satisfied and the officers has
given an undertaking to this effect.
 The parent resides with him and parents do not get such benefits in any
from any source.

 BENEFITS AVAILABLE

The expenses incurred by the officers towards consultation including

consultation with specialists, towards consultation with specialist, towards
pathological and diagnostical studies. X-rays and purchases of medicines
are reimbursable. on production of the relevant bills/ receipts up to the
annual limits as follows:

Those covered under ESI Rs. 750/-

Those out of ESI purview. 75% of one month base salary P.A.
o The scheme also provides for reimbursement of expenses incurred
towards Doctors, Surgeon’s fees and medicines in connection with
maternity, limit up to two children.
o The scheme also provides for reimbursement of expenses on Dental
treatment and a registered optician may prescribe care of eyes including
optician’s fees and cost of spectacles as. The cost of contact lenses or
dark glasses in however, not reimbursable under the scheme.
o The reimbursement of expenses on account of all abovementioned
factors may at any point time is course subject to the limit of utilized
balance in an individual’s account under scheme.

o At factories where the company hospitals/Dispensaries are providing

simple medical treatments including medicines and the services of the
factory medical officer, a sum of 250/- per annual is deductible from
annual entitlement of an officer’s, towards the cost of the treatment
available at the factory hospital.
o Any unutilized balance from the entitlement at the end of one year is
carried forward and accumulated with the next year’s entitlement
subject to a maximum.
 STEP WHICH AN OFFICER MUST ENSURE

 FOR AVAILING BENEFITS

For coverage of dependent parents, fill in declaration from given
below and forward it to the HR Department through proper
channel.

 PROCEDURES FOR AVAILING REIMBURSEMENT

Reimbursement is made by the company on monthly basis as per

the time schedule fixed at various location, the bills are required
to be supported by prescriptions by Company’s medical officer
registered medical practitioner.
  PROCEDURE FOR AVAILING REIMBURSEMENT

BALLARPUR INDUSTRIES LIMITED

Unit Head
--------------
--------------
Sub: Request for benefits of the company’s Medical Scheme to
dependent parents/children exceeding age 24 years.
Dear Sir,
Kindly allow the benefits of the Company’s Medical Scheme to
the following members of my family.
Sr. No. Name Age Relationship Remarks
1.
2.
3.
I request that abovementioned person’s is are solely dependent
upon me, residing with me and they do not get benefits in any
from any other sources.
I request to please have their names included for availing
benefits under the Company’s medical scheme.

Thanking you,
Yours faithfully,
*{4} GROUP MEDICAL EXPENSES INSURANCE POLICY

The Group Medical Insurance for Management Staff and families has been
renewed with United India Insurance Co. Ltd. From 1st July and is valid up to
30th June.
Level L 7 and above Rs.5, 00, 000/-
Level L 5 and L 6 Rs.2, 50, 000/-
Level L 1 to L4 Rs. 1, 50,000/-
Limit for Hospital room charges for current year for each level is 1% of the
entitlement i.e.,
Level L 7 and above Rs. 5,000 per day
Level L 5 and L 6 Rs. 2,500 per day
Level L 1 and L 4 Rs. 1,500 per day

 BANK DETAILS

Hospital Room charges above entitlement limits will have to be borne by the
concerned employee himself. Bank Name:-----------------------------------------------
Branch------------------------.
Contact no. of Bank Branch--------------------------------------------------------
Under our Group Medical Insurance, all Management staff in Level L1 and
above. their spouse, dependent children up to the age of 24 years and
dependent parents are entitled for this coverage .If any child starts working
and is less than 24 years that child shall not be entitled for this facility and if
the girl child gets married. She too will not be entitled for this facility.
Dependent parents who are entitled for this facility under this Policy should be
non-working and above 58
Years of age and not getting Medical reimbursement benefit from any other
source. Your bank account no to which the annuity proceeds are to be credited
to.
Our Policy covers Hospitalization with 30 days pre-hospitalization and 60 days
post hospitalization expenses only. Pre-existing diseases i.e. if any employee is
suffering from any diseases will not be covered under this Policy. Maternity
related expenses are also not covered under this Insurance Policy. Dental
treatments are covered unless requires hospitalization.
It may be noted that during the first year of Insurance Coverage following
ailments are not covered under the policy. Details given below are only
indicative and there may e few more as per
Insurance Company terms:
Cataract, Cancer, Benign Prostatic, Hypertrophy (BPH), Hysterectomy Heart
Diseases, Fistula in anus, Piles Sinusitis and related disorders other than
congenital internal diseases. If these diseases are pre-existing at the time of
entry into our Group insurance policy, they will not be covered during
subsequent period of renewed also.
At the time of joining the Group Medical Insurance, all persons eligible for
insurance are required to submit Proposal From in Prescribed format along-
with photographs of all persons to be covered and if the age of a person to be
insured is above years, current ECG and blood sugar Reports have to be
submitted. In the absence of the duly filled proposal forms no employee shall
be covered under the policy.
All Medical Cards are Valid until employees are on the Company and as such
they should immediately surrender the medical cards to insurance Department
for Cancellation before final clearance from the Company to avoid any misuse.
 *{5} OFFICER’S SUPERANNUATION SCHEME

Our Group Medical Insurance Policy has benefit of cashless hospitalization

at designated hospitals through TPA, Family Health Plan Ltd. All insured
persons are provided with a card and in case of any required
hospitalization, there shall be following two methods for availing cashless
facility.

1} Planned Treatment :- At least four days before planned

hospitalization., insured person shall approaches the designed hospital for
advising them to take prior approval for the treatment from TPA, Family
Health Plan Ltd.

2} Emergency hospitalization :- In emergency cases ensure persons

shall present their card to designated hospitals and they shall starts
treatment immediately and they would take care of approval
simultaneously. In case, TPA dose not approve their cases for any reason,
such person shall make the payment of hospital and may claim later
through corporate Insurance Department, If eligible
 DECLARATION

As per the terms of policy of Insurance Company all claims for

hospitalizations at non-designated hospitals have to Corporates
Insurance Department, Head office within 25 days after discharge from
the hospital for submission to Insurance Company. Reimbursement
claim with delays more than 25 days shall not be admissible by insurance
company. Reimbursement request to corporate insurance department
should be accompanied with the following documents.
I/We declare that I/We have answered the questions in the annuity
proposal from after being explained by the advisor of the ICICI
Prudential Life Insurance Company Limited, (hereinafter referred to as
‘the company’) and have fully understood the nature of the questions
and the importance of disclosing all materials information while
answering such questions. I/We further declare that the answers given
by me/us to all the questions in the annuity proposal from are true and
complete in every respect and that I/We have not withheld any material
information or suppressed any material fact. I/We have made no
statements to the Insurance Advisor, or any other person associated
with ICICI Prudential Life Insurance Company Limited which In any way
modifies the answers and statements on this application.

I also certify that I have read and understood the quotation as

published by the company that were handed over to me along with
this from.
1. Duly Completed From
2. Bills, Receipts, Prescriptions, Discharge Certificate from
hospitalization (all originals) The company reserves the rights to
accepts, decline or offer alternates terms on my proposals for
insurance.
3. Originals cash-memos from the hospital/chemist supported by
proper prescriptions.
4. Originals receipts and pathological test reports from pathologist
supported by note from the attending Medical Practitioner surgeon.
This proposal from shall be a part of the insurance policy contract, In
case of its acceptance by the company.
5. Surgeon certificate stating the nature of operations.
6. Hospital/Medical Practitioner should be registered with the state
government and a copy if registration should be attached with the
claim documents. The conditions and the benefits shall be subjected
to variation in accordance to the applicable law.
  PREAMBLE
Ballarpur Industries Limited officers Superannuation Scheme being
administrated by a trust and operated through Life Insurance Corporations of
India to provide pension benefits to the member of the member on his
superannuation or with a provisions for return of accumulation.

 ELEGIBLE
All Management Staff, who are aged not less than years and not more
than 59 years and draw monthly salary exceeding Rs. 10000/- or such
other figure as renders them ineligible for bonus under the provisions of
the payments of Bonus Act 1965, as amended from time to time and/or
other legislation governing the payment of Bonus Are eligible to be
covered under this scheme.
The Management Staff, who are sent overseas on secondment, cease to
be covered under this scheme for the tenure of their posting abroad.

 CONTRIBUTION

The rate of contribution is 15% of the earned bases salary during the
year subject to a maximum contribution of Rs. 10000/- Over this , the
rate of contribution shall be 11.2% of the earned basic salary.
The rate of contributions is subject to change in a manner that not
exceed the limit prescribed under the Income Tax Laws.
 BENEFITS AVAILABLE

 COMMUNICATIONS OF BENEFITS

The benefits under the scheme are payable in from of an Annuity.

However, If the member or the beneficiary, as the case may be so desire
a part of the Annuity may be commuted for a single payments provided
that such payments shall not exceed; In case where the member
receives any Gratuity the Commuted value of on-third of the Annuity
which he is normally entitled to receive, and In any other case.
The commuted value of half of such Annuity.

 BENEFITS ON RETIREMENTS

Upon retirements of a member on his normal retirement date or on

premature retirement he is entitled 100% of the Annuity. The amount of
monthly pension is calculated based on anyone of the following options
exercised by him:

Guaranteed for 15 years and life thereafter.

Guaranteed for 10 years and life thereafter.
Guaranteed for 05 years and life thereafter.

Joint life and last supervisor pension to member and his wife.

Optional life pension ceasing at death with return of capital on which the
person is being paid.
 *{6} EMPLYOEES PROVIDENT FUND SCHEME

 PREAMBLE

The Employees Provident funds and Miscellaneous Provisions Act 1952

and the schemed framed here under provide for compulsory
contribution to provident fund. Family Pensions Scheme and Deposits
Linked Insurance Scheme for the employee in factories and other
establishments.

The Act has a provisions that if similar or better benefits in the nature of
provident fund, Gratuity or old age pension separately or jointly are or
the whole not less favourable then the benefits provided under the Act
or the schemes. The provident fund authorities may exempted from the
operation of provisions of the Employees Provident Fund Scheme.

 MEMBERSHIP

All Employees become member of the fund from the date of their joining
provided they were members of the provident Fund in their previous
Employment.

New appoints not having membership of any Provident Fund earlier or

who Have withdrawn their money of their earlier membership are
entitled to becomes members from the beginning of the month
following that in which he completes 3 months continuous services or
has actually worked for not less than 60 days in a period of three
months.
  CONTIBUTION

 MEMBERS CONTRIBUTION

Every member shall contribute to the Fund @12% of his basic wages ,
Dearness Allowances (if any) payable him.

 EMPLOYEES CONTRIBUTION

Contributions equal to the contributions recovered from the members

paid by the employer to the provident fund Trust along with the
contribution of the members and the same is credited to the member’s
individual account and invested in the Government Securities in
accordance with the pattern of investments laid down by the
Governments of India from time to time.

 EMPLOYERS CONTRIBUTION WHEN PAYABLE AND WHAT

EXTEWHEN PAYABLE AND WHAT EXTENT

Employer will contribute matching amount i.e. 12% of basic wages,

Dearness allowance and retaining allowance out of which 8.33% will go
in FPF account and remaining 3.67% in PF Account. This is up to Rs.
6,500/- basic, If basic exceed Rs. 6500/- than all the contribution beyond
6500/- will go in PF Account.
Chapter 8.
Finding
 FINDINGS

o Social Security is the universal system that forms a base for the
other three tiers, but all are important and need to be improved.
Social Security and SSI are programs of the Federal Government
and are directly administered by it. Employer-sponsored pensions
and certain forms of individual saving are encouraged by Federal
tax policy. All have an important role in providing for retirement
income.

o Social Security's replacement rates -- that is, the ratio of retirement

benefits to final wages -- are relatively high for low-wage earners
because it is expected that they will have less help from private
pensions and individual saving.

o The Council believes that Social Security should continue to take

responsibility for paying benefits to low-wage, full-time, regular
workers that are sufficient to keep them from having to turn to
means-tested assistance for support in old age. But it is SSI's role
to support those who, for whatever reason -- part-time work,
irregular employment histories -- have incomes that fall below a
standard of minimal adequacy when all sources of income are
taken into account.

o Almost all the employee is satisfied with the salary paid to them.

o 75% of the employees were more than 6yr in the organization.

o 76% employees were satisfied with the facilities provided to them

and are free to express their views freely to the management.
Chapter 9.
Suggestion
 SUGGESTION

This section deals with suggestions, which is observed from the study
results and respondent's opinion. Main objective of the study is to
evaluate labour welfare measures in Tamil Nadu Newsprint Papers
Limited among workers.
• The observation state that 49.8 percent of respondents were aware of
SOCIAL SECURITY SCHEME offered by the organization and major part of them
were neutrally satisfied with welfare facilities. It is suggested that organization
has to take some initiatives to improve the level of awareness of SOCIAL
SECURITY SCHEME offered by the organization, thereby increase the
satisfaction.
• Quick attention given for complaints is attracted in working conditions,
convinced with present wages, lack of consistency of command attribute
attracted in management and employee relationship.

 Give opportunities to fresher’s to show their skill by giving challenging

task.

 To induce fresh blood in all levels of the company.

 The person with creative thinking who have the competences and the
willingness to work should be encouraged as valuable resources of the
company.
Chapter 10.
Limitations
 LIMITATIONS

o Some of the data was not provided by the company confidentiality.

o As the project is prepared for academic purpose only, it suffers from the
limitations of time due to which analytical study into all the strategies
adopted by the organization was not possible.

o The study was completed within short span of time.

Chapter 11.
Conclusion
 CONCLUSION

o After studying the various dimension of SOCIAL SECURITY OF

EMPLOYEES in the survey, it has been found that the overall satisfaction
level of the employees at BGPPL was good.

o The SOCIAL SECURITY OF Employee survey was important for BGPPLL the
level of satisfaction among the employees. The survey helped BGPPLL to
understand the areas where the level of Scheme is less and how be
improved significant.
Chapter 12
Annexure
  ANNEXURE

1. How many years have you been with the company?

 Less than a year
 1-3 year
 4-6 year
 More than 6years

2 .Are you happy to working at BGPPL?

 Extremely satisfied
 Satisfied
 Neutral
 Dissatisfied
 Extremely dissatisfied

3. Social Security Scheme are satisfactory?

 Strongly agree
 Agree
 Neutral
 Disagree
 Strongly disagree

4. Your immediate bosses encourage/appreciates your work?

 Not at all
 Usually Lot
 Neutral
 Somewhat Yes
 Always
5. Are you satisfied with the company welfare system?
 Strongly disagree
 Disagree
 Neutral
 Agree
 Strongly agree

6. The Companies policies are satisfactory?

 Strongly agree
 Agree
 Neutral
 Disagree
 Strongly disagree


7. Salary matches with the responsibility and level of satisfaction.

 Strongly Disagree
 Disagree
 Neutral
 Agree
 Strongly Agree

8. Is BGPPL has a safe working environment?

 Strongly Agree
 Agree
 Neutral
 Disagree
 Strongly disagree
9. Overall, how satisfied are you working for the company?
 Strongly Disagree
 Disagree
 Neutral
 Agree
 Strongly Agree

10. Is manager appreciate for the good work done by employee?

 Strongly agree
 Agree
 Neutral
 Disagree
 Strongly Disagree

11.Do you get Group medical Expenses Insurance Policy?

 YES
 NO

12.What the Medical Benefit Advantage do you have?

 YES
 NO

13.What about Group Medical expenses? Do you get it?

 YES
 NO

14.Dose the Company Provides Officer’s Superannuation scheme?

 YES
 NO
15.Do you get Domiciliary Expenses?

 YES
 NO

16.Does the company Provide Group term Insurance Policy?

 YES
 NO

17.What about Employee provident Fund Scheme? Do you get it?

 YES
 NO

18.Does the company Provide any Group Insurance In liew of Deposits

linked Insurance Scheme?

 YES
 NO

19.What about the Gratuity scheme for Management staff? Do you get it
 YES
 NO
Chapter 13.
Bibliography
 BIBLIOGRAPHY

 Books
Human Resource Management ( K. Ashwatthapa)
www.sciencedirect.com
 Magazine:

Business outlook
 Company website

www.bilt.com