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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 concerned ...
Headquarters. Addis Ababa, Ethiopia. Official languages. Amharic, Arabic and Oromo. Website. ena.et. The Ethiopian News Agency (Amharic: የኢትዮጵያ ዜና አገልግሎት Ye-Ityopya Zéna Agelgelot (IZA) or ENA) is the official news agency of the government of Ethiopia. It is the oldest news organisation in Ethiopia. [citation needed]
Website. www.mofed.gov.et. The Ministry of Finance and Economic Development is an Ethiopian government department. It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by ...
Parent. Ministry of Health and Welfare. Website. www.nps.or.kr. The National Pension Service (NPS; Korean: 국민연금공단; Hanja: 國民年金公團; RR: Gukminyeongeumgongdan) is a public pension fund in South Korea. It is the third largest in the world [1] with over $800 billion in assets, and is the largest investor in South Korea. [2]
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
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A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. [1] Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.