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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]
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 ]
The current EOBI Contribution is Rs. 1,920 per month for every employee, out of which Rs. 1600 is contributed by the employer while Rs. 320 is contributed by the employee. In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension.
Bill Clinton is buying into the Taylor Swift hype.. The former president took his daughter, Chelsea; his granddaughter, Charlotte; and their friends to see Swift's Eras Tour, he admitted on Live ...
There is no indication that a dog with this type of cancer could avoid surgery. If the tumor is small and can be removed completely, the dog will have a much better prognosis. If surgery is not an ...
Greg Myers had his las truly decadent family meal on Christmas 2021, two days before he had his stomach surgically removed. “We went all out,” says Kristie, 52, who works as a program manager ...
In 1982, then the EPF Act 1991 in 1991. The EPF Act 1991 [4] requires employees and their employers to contribute towards their retirement savings, and allows workers to withdraw these savings at retirement or for special purposes before then. [5] As of 31 December 2012, EPF has 13.6 million members, of which 6.4 million are active contributing ...
The early morning killing of a top health insurance executive in midtown Manhattan Wednesday has unleashed a flurry of rage and frustration from social media users over denials of their medical ...