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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
As a retirement plan, money accumulated in an EPF savings can only be withdrawn when members reach 50 years old, during which they may withdraw only 30% of their EPF; members who are 55 years old or older may withdraw all of their EPF. [14] When a member dies beforehand, the EPF fund is withdrawn in favour of a nominated individual. [15]
Power outages are categorized into three different phenomena, relating to the duration and effect of the outage: A transient fault is a loss of power typically caused by a fault on a power line, e.g. a short circuit or flashover. Power is automatically restored once the fault is cleared. A brownout is a drop in voltage in an electrical power ...
For example, Michelle Cosgrove's benefits will be cut nearly in half — reduced by $557, to $601. Cosgrove spent the first half of her career as a paralegal, contributing to Social Security ...
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations.
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 ...
A power cut plunged Zimbabwe's parliament into darkness as Finance Minister Mthuli Ncube was finishing his budget speech. The lights flickered and died, leaving top officials like President ...