Wbrac
March 18, 2021 Ref: 08/2021
Amendment of clause 2.24 of BRAC HRPP regarding Provident Fund
‘The below clause has been amended with effect from April 01, 2021
Provident Fund
1
Confirmed Regular and Service (graded) staff will be eligible for the membership of
Provident Fund after one year of service as Regular or Service (graded) staff.
2. Ten percent (10%) of staff's basic salary will be deducted from monthly salary and BRAC
will contribute the equal amount.
3. The Provident Fund will be administered according to the Provident Fund Rules framed
by the Provident Fund Trustees.
4, Any staff completing 2 (two) years of continuous service in BRAG, from the date of joining
as Regular or Service (graded) staff, and one year as a member of Provident Fund will
be entitled to his/ her own contribution as well as BRAC’s contribution including its
interest. If any staff does not complete 2 years of continuous service, he/ she will only be
eligible for his! her own contribution including its interest (if any). However, redundant/
retrenched/ discharged/ deceased staff will receive full amount of BRAC’s contribution
regardless of his/ her service length.
Separated staff will be entitled to Provident Fund as per the following table:
ETE | manta eed
Tenure of Dismiss: irge! Death
membership Self- BRAC’s BRAC’s
contribution and | contribution and contribution
its interest its interest and its interest
me thant Full NA Full Full
eat oF Full Full Full Full
5. In case of death of staff, his/ her nominee (s) will receive the Provident Fund amount
including its interest regardless of his/ her service length.
one BS.
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‘75 Mohekhali F: +8802 8823542 ‘Bangladesh under Ye
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6. Any member who withdraws membership from the Provident Fund will not be eligible to
be a member again.
Regards,
Ape
Asif Saleh
Executive Director
BRAC
BRAG
BRACCentre
75Mohaka
Dhaka 1212
Bangladesh
7 +8802 9881265,
F-+88028823542
E:inlo@brac.net
Wewabrae net
Samaras Kocd
Tamara Hasan Abed
Managing Director
Enterprises, BRAC
Registered in
‘Bangladesh under
The Societies
FRegistration Act of 1860