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The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
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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.
The National Provident Fund (NPF) of Papua New Guinea was established in 1980. However, following severe financial losses in the 1990s as a result of fraud, corruption and mismanagement, the NPF was privatised in 2002 and its assets divested to NASFUND.
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
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The Mandatory Provident Fund was implemented in December 2000, following the enactment of the Mandatory Provident Fund Schemes Ordinance on 27 July 1995 and Provident Fund Schemes Legislation (Amendment) Ordinance 1998 in March 1998. [2]
The Public Provident Fund (PPF) is a voluntary savings-cum-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...