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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 of January 25, 2025, there are 27 states with Republican governors and 23 states with Democratic governors. Both Republicans and Democrats control 2 territorial governorships. Jenniffer González-Colón of Puerto Rico is a member of the New Progressive Party, although she is also affiliated with the Republican Party. [1]
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The board of governors is one of three key pillars making up the broader Federal Reserve System, along with the 12 regional reserve bank presidents and the Federal Open Market Committee (FOMC).
The Florida Board of Governors is a 17-member governing board that establishes the regulations for all institutions in the State University System of Florida, which includes all public universities in the state of Florida. Each institution has its own Board of Trustees which "is the public body corporate of the university.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] 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 Council of Governors is composed of 10 members, selected by the President for a term of 2 years from among the governors of the several states and territories of the United States and the Mayor of the District of Columbia. [3] [4] [5] No more than five members may be from the same political party. [3]
In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation , non-executive directors are elected by the shareholders , and the board has ultimate responsibility for the management of the corporation.