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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 ...
In 1982, then the EPF Act 1991 in 1991. The EPF Act 1991 [4] requires employees and their employers to contribute towards their retirement savings, and allows workers to withdraw these savings at retirement or for special purposes before then. [5] As of 31 December 2012, EPF has 13.6 million members, of which 6.4 million are active contributing ...
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 concerned ...
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In Zimbabwe's 2023 general election, 210 members of the National Assembly were elected to the National Assembly – one for each parliamentary constituency. The Constitution of Zimbabwe provides for a further 60 female members, representing a women's quota, as well as a further 10 youth members' quota, made up of 10 candidates aged 21–35, chosen by proportional representation based on the ...
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The history of Provident Fund (PF) in Nepal dates back to 1934 when the PF scheme came into existence with the establishment of Sainik Drabya Kosh (Army Provident Fund) during the Rana Regime. [4] The scheme was initiated with the intentions of removing financial hardships to the army personnel after their retirement. Under the scheme, the army ...
v. t. e. The Patriotic Front (PF) is a political party in Zambia, founded in 2001 by Michael Sata. It emerged as a breakaway party from the Movement for Multiparty Democracy (MMD) after Sata was not selected as the MMD's presidential candidate for the 2001 elections. The PF is primarily supported by the youth and the urban poor, and it gained ...