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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above.
Website. epf .lk. The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
Single sign-on. Single sign-on ( SSO) is an authentication scheme that allows a user to log in with a single ID to any of several related, yet independent, software systems. True single sign-on allows the user to log in once and access services without re-entering authentication factors. It should not be confused with same-sign on (Directory ...
The unorganised workers’ Identification Number is a number provided to the large section of unorganised sector workers by issuing a unique ID and allotting an Aadhaar seeded identification number without issuing any smart cards. [4] In 2014 the Union Ministry of Labour and Employment had decided to design and develop the unorganised workers ...
Lottery bids for highly educated worker visas plunged nearly 40% this year, authorities said Tuesday, claiming success against people who were “gaming the system” by submitting multiple ...
Provident fund. Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are ...
Unified access management solutions provide a single platform from which IT can manage access across a diverse set of users, devices, and applications, whether on-premise or in the cloud. [1] Unified access management (UAM) is an evolution of identity and access management (IAM) systems.
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.