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Latest insights on Human Resource and Workforce related topics in India and articles from HR thought leaders at Aon.

Worried about retirement planning? Subscribe to your employer provided retirement benefits

28 Oct 2021 by  CNBC-TV 18

Both Provident Fund (PF) and National Pension scheme (NPS) are contributory schemes and easier to understand.
Under the statutory Provident Fund scheme both Employer and Employee Contribute 12 percent of Basic Pay and allowances. While the PF plan becomes voluntary if the applicable pay is above Rs 15,000 per month, Aon Benefits surveys indicate that more than 75 percent of organisations contribute PF on the full Basic Pay and not cap the same at the statutory wage.

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