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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.
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 ]
LeBron James set yet another record on Friday as he surpassed the legendary Michael Jordan’s mark for the most 30-point games in NBA history, breaking the milestone in the Los Angeles Lakers ...
A longtime hairdresser at Fox Sports has sued the company, alleging that she was fired after raising a series of concerns about workplace misconduct, and after repeatedly refusing to have sex with ...
The deal, 20 years in the making and deeply divisive in Europe where farmers and Paris have been the loudest voice in opposition, would create one of the world's largest trade partnerships and ...
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
Over the past 20 years — between 2000 and 2019; the study doesn’t include data from 2020 through the present — the average lifespan worldwide has extended by 6.5 years. But the number of ...