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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.
It is run by the social security body Employees' Provident Fund Organisation (EPFO). In this system, an employee contributes 10% to 12% of his monthly salary here and his employer contributes a matching amount, with a total contribution of 20% to 24% of the employee's gross salary, while the state contributes an additional 1.16%, which makes it ...
3. Kroger. Crust: 6 out of 10. Filling: 5 out of 10. Size: 40 ounces. Price: $12. If you have a Kroger-owned grocery store near you, its pumpkin pie will do in a pinch, but homemade would be better.
STATE OF COLORADO Department of State 1700 Broadway Suite 200 Denver, CO 80290 Scott Gessler Secretary of State William A. Hobbs Deputy Secretary of State Main Number Administrati
Los Angeles Times owner Patrick Soon-Shiong, who blocked the newspaper’s endorsement of Kamala Harris and plans to overhaul its editorial board, says he will implement an artificial intelligence ...
December 11, 2024 at 3:28 PM The Ohio State University Police Department said three different officers deployed pepper spray during a brawl at Ohio Stadium after the Buckeyes' surprising loss to ...
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 ...