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Employees

A Better Balance

The government’s decision to make Employees’ Provident Fund contributions above the statutory wage ceiling voluntary is less a retreat from social security than an attempt to restore clarity to a system that had gradually drifted away from its original design.

Possible, with a will

Rs. 1,000 and less! Some 37 lakh senior citizens and their dependents survive on this monthly pittance called pension from the Employees’ Pension Scheme 1995 of the EPF Act 1952.