The Employees’ Provident Fund Organisation is considering replacing its higher pension system with a new scheme that may reduce payouts for many subscribers. An RTI reply revealed proposals to ...

Pro rata is a Latin term that translates to "in proportion." Put simply, it is used to describe a proportionate allocation. It's a process in which an allocated asset is distributed in equal portions.

In what appears to be yet another move aimed at reducing pension payouts, the Employees’ Provident Fund Organisation (EPFO) is exploring a new pension scheme to replace the existing higher pension ...