- Source: Provident fund
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, although both types involve lump sum payments at the end of employment, the former operates as a defined benefit plan, while the latter is a defined contribution plan.
Specific provident funds include:
Employees' Provident Fund Organisation, India's statutory retirement plan
Mandatory Provident Fund, Hong Kong's retirement plan
Central Provident Fund, Singapore's retirement plan
Employees Provident Fund (Malaysia), Malaysia's retirement plan
Employees Provident Fund (Nepal), Nepal's retirement Plan
Central Provident Fund (South Africa), a retirement trust
Instituto del Fondo Nacional de la Vivienda para los Trabajadores, Mexico's public pension fund and largest mortgage lender
National Social Security Fund (Kenya)
Housing Provident Fund, China mainland's retirement plan
Kata Kunci Pencarian:
- Kementerian Tenaga Kerja (Singapura)
- Ekonomi Singapura
- Samoa Airways
- Kekuasaan Presiden Singapura
- Sime Darby
- Dilmah
- Vanuatu
- Marks & Spencer
- A.G. Barr
- Daftar perusahaan yang tercatat di Bursa Efek New York (P)
- Provident fund
- Central Provident Fund
- Employees' Provident Fund Organisation
- Mandatory Provident Fund
- Public Provident Fund (India)
- Employees Provident Fund (Malaysia)
- Pension fund
- Employees Provident Fund (Nepal)
- Employees Provident Fund
- Pension systems by country
