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The work in these offices mainly comprises maintaining General Provident Fund accounts of the staff employed in a particular postal circle, settlement of pension cases, checking of money order deliveries and NSCs, budgeting and financial control, Internal Audit of Postal Units and rendering financial advice to the concerned Head of the Circle.
The Mandatory Provident Fund was implemented in December 2000, following the enactment of the Mandatory Provident Fund Schemes Ordinance on 27 July 1995 and Provident Fund Schemes Legislation (Amendment) Ordinance 1998 in March 1998. [2]
EPF may refer to: .epf, a file extension for CadSoft Eagle project files; Early pregnancy factor; Eclipse process framework, an open source project; Electricity price forecasting; Employees Provident Fund (disambiguation) Endangered Planet Foundation, an American conservation organization; Ensuring Positive Futures, a British employment program
The Tier 2 NPS account offers tax benefits to government employees under certain conditions. The contribution to voluntary savings account (also called Tier-II account) can only be made by the subscriber and not by any third party. [40] PFRDA introduced new features to NPS in 2016, including more choices to lifecycle funds: [41]
Nepal and Sri Lanka have similar employees provident fund schemes. In Malaysia, The Employees Provident Fund (EPF) was established in 1951 upon the Employees Provident Fund Ordinance 1951. The EPF is intended to help employees from the private sector save a fraction of their salary in a lifetime banking scheme, to be used primarily as a ...
KWAP is one of three main bodies in Malaysia's pension system, the others being the Employees Provident Fund (for private sector employees) and Armed Forces Fund Board (for military personnel). [1] It is also regarded as one of Malaysia's government-linked investment companies (GLICs). [2] [3]
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension (now open for all) and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private ...