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However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
The rate of contribution was progressively increased to 25% for both employers and employees in 1985. The employer contribution was cut to 10% during a recession in 1986. The employer contribution rate was reverted to match the employee rate until the 1997–1998 Asian Financial Crisis , and thereafter lowered to 10% for workers 55 years or ...
This includes making a "safe harbor" employer contribution to employees' accounts. Safe harbor contributions can take the form of a match (generally totaling 4% of pay) or a non-elective profit sharing (totaling 3% of pay). Safe harbor 401(k) contributions must be 100% vested at all times with immediate eligibility for employees.
The music video debuted on CMT on February 25, 1998. Kershaw came up with the video's concept himself, and Deaton-Flanigen Productions directed it. The video retells the song's story, using a lounge in downtown Nashville, Tennessee, to represent the bar's interior, and another bar in Hartsville, Tennessee, to represent the exterior.
Its 2023 final became the most streamed live event on the internet, with 32 million viewers. [18] In 2023, the league sold its media rights for the next 4 seasons for US$6.4 billion to Viacom18 and Star Sports, [19] meaning each IPL match was valued at $13.4 million. [20] As of 2024, there have been seventeen seasons of the tournament.
Beginning with the 2010 Money in the Bank event in July, it included two ladder matches, one for the Raw brand and one for SmackDown; Raw's ladder match was for a contract for a match for its top title at the time, the WWE Championship, while SmackDown's contract was for a match for its top title at the time, the World Heavyweight Championship.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] 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.
Football Live was the name given to the project and computer system created and utilised by PA Sport to collect Real Time Statistics from major English & Scottish Football Matches and distribute to most leading media organisations. At the time of its operation, more than 99% of all football statistics displayed across Print, Internet, Radio ...