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The fund receives contributions from the Federal Government of Malaysia, statutory bodies and local authorities. [1] The contributions are invested by the fund in a mix of equities, bonds, property, private equity and infrastructure, with the investment returns used to finance the government's pension liabilities.
A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.
There are one other pension fund organizations in the country; the Public Services Social Security(PSSSF). Fund for all employees working directly under the government and for all employees working under governmental Parastatal organization [3] [4] The NSSF was founded in 1997 as the successor to the defunct National Provident Fund (NPF).
The, BJP Government, coming in power in mid 2014, after years of protracted protests by veterans, announced in September 2015 that it would implement One Rank One Pension or OROP. [11] [12] In February 2016, it issued orders to implement the scheme. However, the announced scheme failed to satisfy the leaders of the protest movement. [13] [14]
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India .
The National Pension Service (NPS; Korean: 국민연금공단; Hanja: 國民年金公團; RR: Gukminyeongeumgongdan) is a public pension fund in South Korea.It is the third largest in the world [1] with over $800 billion in assets, and is the largest investor in South Korea.
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