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In March 2022, the EPFO lowered the interest rate of 8.10% for the fiscal year of 2021-22. On 30 August 2022, EPFO proposed to remove the restrictions on the wage ceiling and headcount to allow all formal workers and self-employed to enrol in its retirement saving schemes. [10]
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
The headquarters of the Employees Provident Fund (EPF) (Kumpulan Wang Simpanan Pekerja; KWSP), at Jalan Raja Laut (formerly Broadrick Road) in central Kuala Lumpur, Malaysia. Date: 17 March 2007: Source: Own work: Author: User:Two hundred percent.
The Jets will reportedly interview 14 people for their head coach opening, a number that includes both currently employed coordinators/coaches and several former head coaches who are not actively ...
A gay Georgia couple convicted of sickening sexually abuse of their two adopted sons will spend the rest of the lives behind bars.. William and Zachary Zulock, 34 and 36, were each sentenced last ...
Over a 45-years span — between 1975 and 2020 — improvements in cancer screenings and prevention strategies have reduced deaths from five common cancers more than any advances in treatments ...
Job seekers frequently send a cover letter along with their curriculum vitae or applications for employment as a way of introducing themselves to potential employers and explaining their suitability for the desired positions. [2] It is a pitch describing one's interest in the position, skills and relevant experience for the advertised job.