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Contribution Towards Employee’s Pension Fund

Contribution Towards Employee’s Pension Fund

An amount of Rs. 14,767.47 crore (as per unaudited Balance Sheet of 2011-12) has been received as contribution in Employees’ Pension Fund for the financial year ending on 31.3.2012.

An amount of Rs. 1,62,980.04 crore is balance in Employees’ Pension Fund Contribution Account as on 31.3.2012.

The whole amount of Employees’ Pension Fund stands invested. Rs. 57,087.01 crores is invested in Public Account and balance is invested in securities.

As per the unaudited Balance Sheet of the year 2011-12, total interest income of the investment of Employees Pension Fund for the year ended March 2012 is Rs.13,315.79 crore. The average rate of interest on Public Account is 8.5% and on investment in securities is 8.27%.

The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in a written reply in Rajya Sabha today.