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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.
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.
(EPFO)Employees' Provident Fund Organisation- Employees Provident Fund Organisation. 2 See also. 3 References. Toggle the table of contents. List of regulators in India.
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
From May 2011 to December 2012, if you bought shares in companies when Terrell K. Crews joined the board, and sold them when he left, you would have a -19.6 percent return on your investment, compared to a 6.8 percent return from the S&P 500.
From December 2011 to December 2012, if you bought shares in companies when Jon Erickson joined the board, and sold them when he left, you would have a 0.6 percent return on your investment, compared to a 13.6 percent return from the S&P 500.
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.
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 ...