Provident Fund
This money workers money who work for 8-10 p/day save with govt.The government is utilising this money for various Development activities.This is wrong The person who is invested with Govt. should get more benefit than bank interest where as on retirement maximum interest rate are calculating the releasing them. I suggest that this money has to utilised in the business firms infra projects where high returns will get by the employee.
2. Pension scheme is very bad in PF system the employee who get retired he is getting 1500-2000 un efp scheme who draw the salary of 15000-20000 P/m. where as this 1500 nothing for them.This scheme has to modified
in at par with Govt. employee.
3. There is huge unclaimed amount with govt. that has to taken call by passing resolution that it should be nationalised use the funds for welfare of employees.
4.Finally summing up the govt. should take care of employee who gets retairment from pvt and govt. sector.
thanks
M.Satyanrayana more
2. Pension scheme is very bad in PF system the employee who get retired he is getting 1500-2000 un efp scheme who draw the salary of 15000-20000 P/m. where as this 1500 nothing for them.This scheme has to modified
in at par with Govt. employee.
3. There is huge unclaimed amount with govt. that has to taken call by passing resolution that it should be nationalised use the funds for welfare of employees.
4.Finally summing up the govt. should take care of employee who gets retairment from pvt and govt. sector.
thanks
M.Satyanrayana more
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This is a Public money and the government is answerable for each paisa of yours. Secondly the interest you get is compounded and safe. more
Jul 30
Gov't has formulated a scheme more than a hundred years ago as the hapless workers were squandering their salary on various Unwanted, unsoscial activities and they were left penniless when they retired, in those days there were no money making schemes as at present. Even to invest in money making scheme one has to get prior permission to invest partially lest there may be a loss. Now is the time for govt to consider schemes which are beneficial for their benefit with their consent. more
Jul 30
The pension amount will be fifty % of the basic wages of the employee on which the PF deduction made. more
Jul 30
