Paragraph 32 of the Employees’ Pension Scheme, 1995 provides for annual valuation of the Pension Fund by valuer appointed by the Central Government.
The Annual Valuation of the Employees’ Pension Fund has been completed upto 31.03.2006. Annual Valuations as at 31.03.2007, 31.03.2008 and 31.03.2009 are in progress. The Valuation Report as at 31.03.2006, revealed an actuarial deficit of Rs. 22,659 crores in the Employees’ Pension Fund. Shri P.A. Balasubramanian has been approved for performing 12th and 13th Valuations work of Employees’ Pension Scheme, 1995 for the periods 2007-08 and 2008-09 respectively. For the year 2009-10, a Valuer has to be appointed. The year 2010-11 being current financial year appointment of valuer for the year will become due at the end of the year.
The Minister of State for Labour and Employment Shri Harish Rawat gave this information in reply to a question in the Rajya Sabha today.
How we could know about our EPF deposite pls.tell me about EPF refund policy.