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Non government teachers contribute six percent of their salaries to the trust for a retirement fund that will be available to them after retirement and with additional funding from the Government of Bangladesh. In April 2019, the government increased it to ten percent which was protested by the Bangladesh Shikkhak Union, a teachers union.
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
Provident fund. Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are ...
The government of Bangladesh has set an ambitious target of generating 30 million new job opportunities by the year 2030. In its endeavor to improve labor conditions and expand employment opportunities, the Government of Bangladesh has undertaken significant initiatives to establish a specialized entity known as the "Directorate of Employment."
Bangladesh Public Service Commission (BPSC) is the main policy setting and recruitment body of BCS. BCS has 26 cadres. In the parliamentary democracy of Bangladesh, the ultimate responsibility for running the administration rests with the elected representatives of the people which are the ministers. But the handful of ministers cannot be ...
Employees Provident Fund (Nepali:कर्मचारी सञ्चय कोष) Nepal is the pension fund/provident fund for employees of government and private sector of Nepal. The Fund is currently managing provident funds of 600,000 employees working for the government and in the private sector. [1] The Fund also invests in different ...
Non-Government Employee Retirement Benefits Board was established in 2002 to provide and manage the pensions of non government teachers. [2] After retirement teachers receive welfare and retirement benefit from the board. According to the rules of the board teachers retire at 60 and can start receiving their benefits.
India, Sri Lanka, Middle East, Mauritius, & Worldwide. Indian Oil Corporation Limited ( IOCL or IOC ), trading as IndianOil, is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Registered in Mumbai but headquartered in New Delhi, [4] it is a public sector undertaking whose ...