Employees Contributions to EPF
Regarding EPFO being the eleventh largest pension fund in the world, no such information is available with EPFO.
The fresh accruals in 2015-16 in the three Schemes framed under the Employees’ Provident Funds & Miscellaneous Provisions (EPF & MP) Act, 1952 as per the revised estimates is Rs. 1,01,538.54 crore.
The revised estimates for the year 2015-16 are projected to be 13.81 per cent higher than the Budget estimates. The details of revised estimates of the three Schemes are as under:
(i) Employees’ Provident Funds (EPF) Scheme, 1952 : Rs. 71,398.25 crore
(ii) Employees’ Pension Scheme (EPS), 1995: Rs. 29,000.00 crore
(iii) Employees’ Deposit-Linked Insurance (EDLI) Scheme, 1976: Rs 1,140.29 crore.
This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Lok Sabha today.