kwatra_harminder
1

The provident fund contribution was fixed at 10 per cent of salary with effect from 17th May 1989 and remained at 10% till 21 9.1997. The epf scheme was launched on 16.11.1995. what was the employer's contribution to Pension Fund from 16.11.1995 to 21.9.97? Please elaborate. regards, Kwatra
From India, Delhi
sethupathy-s
65

Dear Kwatra,
The EPS scheme (not epf as you mentioned) was of course launched with effect from 16.11.1995.
The Employer Contribution is 8.33% since then.
Few more facts-
-The earlier Pension Scheme FPF was not a compulsory one
-In the earlier FPF Scheme contribution ratio was
1.16% Employer, 1.16% Employee, 1.16% Govt.
S.Sethupathy,
Erode

From India, Selam
Attached Files (Download Requires Membership)
File Type: pdf EPS_Hand_Book_Part-I051117512119.pdf (774.7 KB, 367 views)

Shyam Agrawal
22

Dear All concerned,
I may quote one more thing here. During the above-mentioned period, pay ceiling was Rs.5000 which has been later raised to Rs.6500. Therefore, the maximum EPS contribution was Rs.417 only in those days. For accuracy, please link the dates of amendments to pay ceiling.

From India, Pune
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