https://www.taxtmi.com/news?id=1253 The Central Board of Trustees recommended increasing the rate of interest to be credited to members' EPF accounts for 2010-11 to 9.5 percent from surplus in the interest suspense account. It approved closure of inoperative accounts by ceasing interest after thirty-six months of inactivity, recommended delinking EDLI assurance benefit from PF balances and fixing it at twenty times the deceased employee's average monthly wages (subject to a maximum), initiated steps to appoint a consultant for new fund managers, discussed investment pattern and fund safety with the Ministry of Finance, and deferred review of the Employees' Pension Scheme. en-us Sat, 18 Sep 2010 00:25:09 +0530 Sat, 18 Sep 2010 00:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1253 The Central Board of Trustees recommended increasing the rate of interest to be credited to members' EPF accounts for 2010-11 to 9.5 percent from surplus in the interest suspense account. It approved closure of inoperative accounts by ceasing interest after thirty-six months of inactivity, recommended delinking EDLI assurance benefit from PF balances and fixing it at twenty times the deceased employee's average monthly wages (subject to a maximum), initiated steps to appoint a consultant for new fund managers, discussed investment pattern and fund safety with the Ministry of Finance, and deferred review of the Employees' Pension Scheme. News - Sat, 18 Sep 2010 00:25:09 +0530 https://www.taxtmi.com/news?id=1253