AM Employee Funds

Employees Gratuity Fund

• Maintain precise records of every employee's admission to the scheme and eventual termination.
• Track service length to determine eligibility.
• Ensure disbursements are made within the legally required timeframe.
• Maintain detailed logs of trust bank transactions, employer contributions, and payments to employees.
• Coordinate annual actuarial valuations to assess the fund's future liability and ensure it is properly funded.
• Facilitate independent annual audits of the fund's income and expenditures to ensure transparency and prevent fraud.
• Coordinate with employees, HR, and finance departments, and issue member benefit statements and other relevant information.
• Maintain books of accounts and prepare financial statements.

Employees Provident Fund

• Collect and accurately record monthly deductions from employee wages and corresponding employer match...