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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
Polyethylene foam. Expanded polyethylene (EPE foam) refers to foams made from polyethylene.Typically it is made from expanded pellets ('EPE bead') made with use of a blowing agent, followed by expansion into a mold in a steam chest - the process is similar to that used to make expanded polystyrene foam.
USNS Burlington (T-EPF-10) is the tenth Spearhead-class expeditionary fast transport and operated by the United States Navy ' s Military Sealift Command. [1] It is the first ship in naval service named after Burlington , Vermont ’s largest city.