Amount under Employees Pension Fund Account
The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the Rajya Sabha today that Total amount held under Employees’ Pension Fund Account as on 31 March 2011 is Rs. 1,42,760.89 Crore. Interest income earned on the investment during 2010-11 is Rs. 10,732.67Crore.
The stipulation regarding administrative expenses to be met from Employees Pension Fund has been done away with from 6th January 2007. As per Employees’ Pension Scheme, 1995, all administrative expenses are to be met from the Central Administration Account of the Employees’ Provident Fund.
The Minister was replying to a written question in this regard.