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Govt to Assess Viability of Employees Pension Scheme

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Govt to Assess Viability of Employees Pension Scheme
The labour ministry looks to appoint an actuary to assess if the Employees' Pension Scheme (EPS) is sustainable over a long term. The EPS, 1995 is one of the three schemes meant for old-age social security of employees run by the Employees' Provident Fund Organisation (EPFO). The other two schemes are Employees' Provident Fund Scheme, 1952 and Employees' Deposit Linked Insurance Scheme, 1976. Earlier, the labour ministry had conducted actuarial valuation of EPS for fiscal ended March 2014
The Economic Times, New Delhi, 23rd April 2018

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