- 1- The National Pension System (NPS) is a defined-contribution pension system operated by the Government of India. In 2004, the Government of India decided to move from a defined-benefit pension system to a defined-contribution pension system. NPS offering a range of investment options to employees, the scheme allows individuals to make decisions about where their pension fund is invested, permits limited withdrawal prior to retirement and reduces the total pension liabilities of the Government of India.
- 2- The Employees’ Provident Fund Organisation EPFO, is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory contributory Provident Fund Scheme, Pension Scheme and an Insurance Scheme. The schemes cover Indian workers as well as International workers (for countries with which bilateral agreements have been signed. EPFO founded in 4 March 1952.
So lets do:
Who is the Finace Union Minister of India?
EPFO come Under which Minister?
Who is the Chairman of EPFO?In which year National Pension System (NPS)?