EPFO pension latest update: Big change in PF structure on the cards! Pension to be made proportional to PF contributions
There is a big news that can bring in massive change in the salary of people working in private sector. This news is about their provident fund (PF) as there might be changes in the EPFO structure.
In the recommendations given to cabinet committee, it was said that instead of existing system of 'Defined benefits', 'Defined contributions' model should be initiated. Source: Pixabay