Rules & Regulations
Governing rules and regulations of MSPS
MSPS Rules & Regulations
Complete rules and regulations governing MSPS operations and member services.
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463.88 KBLast Updated
Jun 24, 2025 10:33Downloads
205Regulatory Framework
Governing Acts
- Employees Provident Fund Act
- Inland Revenue Act
- MSPS Rules and Regulations
Approval Authorities
- Commissioner of Labour
- Commissioner General of Inland Revenue (CGIR)
Last Updated
Rules last reviewed and updated
Key Rules Summary
Important highlights from MSPS rules and regulations
Rule 1.1: Eligibility for Membership
Any employee of a contributing company who has completed the probationary period and is between 18-50 years of age shall be eligible for membership.
Rule 1.2: Application for Membership
Applications for membership must be submitted within 30 days of employment through the employer on the prescribed form.
Rule 2.1: Employee Contribution Rate
Every member shall contribute not less than 8% of gross remuneration as defined in the EPF Act.
Rule 2.2: Employer Contribution Rate
Every contributing company shall pay not less than 12% of the gross remuneration of each member employee.
Rule 3.1: Retirement Benefits
A member who retires on or after attaining the age of 55 years shall be entitled to the full amount standing to their credit.
Rule 3.2: Death Benefits
In case of death of a member, the full amount standing to their credit shall be paid to the nominated beneficiaries.
Important Legal Notice
Rule Amendment Process
These Rules may be amended only with the approval of the general membership, Commissioner of Labour, and Commissioner General of Inland Revenue. All amendments are communicated to members and employers at least 30 days before implementation.
For Members
- All rules are binding on members
- Regular updates communicated
- Compliance is mandatory
For Employers
- Must ensure employee compliance
- Regular training required
- Audit compliance necessary
Disclaimer: The above is a simplified summary for general information. For complete and legally binding text, please download the official MSPS Rules document above.