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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation 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 and immovable property and all incomes from the ...
Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India; Employees Provident Fund (Malaysia)
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong. Applications for jobless benefits fell by 16,000 to 207,000 for the week ending January 25, the Labor Department said Thursday. Analysts were expecting 225,000 new applications.
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.
Employers added 186,000 jobs a month in 2024 through November, not bad but down from 251,000 in 2023, 377,000 in 2022 and a record 604,000 in 2021. When the Labor Department releases its jobs report for January on Friday, it's expected to show that hiring slowed to 160,000 from 256,000, consistent with a healthy but unspectacular job market.