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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 ...
Sergei Polunin, a former star at London's Royal Ballet, said on Wednesday that he had decided to leave Russia with his family, complaining that his "soul" did not feel like it was in its right place.
Now that the holiday gifts have been unwrapped, it's time for the rush to make returns.. As Latonya Rascoe was getting the last wave of Christmas gifts ready to ship out of a FedEx office in ...
From January 2008 to November 2012, if you bought shares in companies when David W. Raisbeck joined the board, and sold them when he left, you would have a -27.8 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Original file (1,275 × 1,650 pixels, file size: 96 KB, MIME type: application/pdf, 6 pages) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
Anthem Blue Cross Blue Shield announced it will walk back plans to cap coverage of anesthesia care after widespread backlash.