Search results
Results from the WOW.Com Content Network
The EPFO's top decision-making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The Public Provident Fund ( PPF) is a savings-cum-tax-saving instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. [2]
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous corporation under Ministry of Labour and Employment, Government of India. As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable ...
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
The Employees' Provident Fund and Miscellaneous Provisions Act 1952 (repealed in 2020) created the Employees' Provident Fund Organisation of India. This functions as a pension fund for old age security for the organised workforce sector.
European Peace Facility. The European Peace Facility (EPF) is an off-budget European Union financing instrument set up in March 2021 under the leadership of HRVP Josep Borrell, which aims towards the delivery of military aid to partner countries and funds the deployment of EU military missions abroad under the Common Foreign and Security Policy ...
The Mandatory Provident Fund ( Chinese: 強制性公積金 ), often abbreviated as MPF ( 強積金 ), is a compulsory saving scheme ( pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations ...