Product outline

• Multiple Trusts – Each trust has separate rules/formulae – fully rule based
  • Each trust can have multiple employer organisations
  • Trust rules and formulae for computation fully configurable
  • Web based – access from multiple locations
  • Workflow enabled (various levels of approval)
• Contribution – Employee/Employer
• Interest Calculation
• Transfer In/Out and Settlements
• Loans and Withdrawals
• Pension payments
• Existence certificate tracking
• Investment Tracking
  

Data Flow

• Employee Joining/other details – sent by employer
  • Can be entered manually or imported from data sent in pre-defined file format
• Contribution details – sent by employer
  • Can be entered manually or imported from data sent in pre-defined file format
• Withdrawal request from members
  • Sent in hard-copy entered in the system manually
• Slip/Statement printing
• Settlement Claims processing
• Monthly pension
  

Trust setup

• Trust rules setup
  • Membership eligibility
  • Membership number generation rule (prefix/suffix/running serial no)
  • Contribution heads definition
    • Rules/periodicity/formulae for verification
    • Exception rules
  • Balance calculation method
  • Interest calculation method
  • Interest accrual and credit periodicity
  • Loans/Withdrawal rules
  • Settlement method, Commutation rules
  • Post settlement payment rules
  • Access control rules
• Employer Organisation setup
• Member master setup
• Investment rules setup
  

Data entry/Import

• Member Master – completely configurable – capture unlimited additional information
  • Joining
  • Transfer
  • Retirement/Resignation/Death
• Nomination details, Family details
• Contribution data (import)
• Adjustments data (import) & Arrears data (import)
• DA rates changes with effective dates
• Interest Rates changes with effective dates
• Withdrawals request/ payment details
• Settlement/Commutation (for pension)
• Existence certificate
• Family pension calculations

Reports

• Member master List
  • Contains the details of Members Master
• Monthly PF Contribution Details
  • Displays the details of Monthly PF Contribution of Employees
• Monthly Loan Deduction Details
  • Displays the details of Monthly Loan Deduction
• Withdrawal Details
  • Displays the details of Withdrawals for a period
• Retirement Employee List - As on Month
  • Gives the list of Retired Employees of current month
• Final Settlement Sheet
• Nominee Details
  • Contains details of person(s) who are appointed as nominee by the member(s)
• Investment Security List - As on Date
  • Gives the list of Investment Security
• Interest on Security & Due Interest As on Month/Date
  • Displays the interest on Security & Due Interest
• Calculation of Pension Arrears
  • Gives report on calculated Pension Arrears
• Particulars of Deceased Employee
  • Gives the Particulars of Deceased Employee
• Voluntary Retirement Pension
  • Describes the pension given to the employee who voluntarily retired
• Life Certificates of Staff Pensioners
  • Describes the periods of Life Certificates
• Dearness Relief to Pensioners
  • Describes the Dearness Relief to Pensioner
• List of Monthly Pensions/arrears of monthly pension
  • Gives the List of Monthly Pensions/Arrears of Pensioners

Reports are typically custom designed to suite the requirements of specific trusts