What is a Provident Fund?
Liberty :: Retirement Annuity :: How Much Is EnoughOct 31, 2011
Liberty's Retirement Annuities provide you with a plan that is based on both your lifestyle and financial needs. It is a great savings vehicle for those who want to supplement an existing pension or provident fund. The provident fund you contribute to at the office may not be enough to maintain your current lifestyle. According to legislation you may retire from your retirement annuity funds from the age of 55. You may then, depending on the amount in your retirement annuity and other retirement benefits you may have received, withdraw up to a maximum of a third of the funds, all or a portion of which will be tax free. With the remaining funds you have to purchase an annuity that will provide you with regular income during your retirement. www.liberty.co.za
Higher business cost, lower employability if raised CPF contribution for older workers - 09Feb2012Feb 09, 2012
SINGAPORE: Employers in Singapore say any hike in their CPF contributions for older workers would result in higher business cost. This in turn may affect the employability of older workers. The Central Provident Fund or CPF is a compulsory savings scheme for Singapore workers. The employers' CPF contribution rate is cut from 16 percent to 12 percent of a worker's pay when he turns 50. It falls to 9 percent when he turns 55, and is cut again to 6.5 percent at the age of 60. As Singaporeans live and work longer, there is a need to help them save more for retirement. That is why the labour movement has called on the government to raise employers' CPF contributions for older workers. But for employers, cost is naturally the biggest gripe. Mr Stephen Lee, president of Singapore National Employers Federation, said: "The overall cost of retaining older workers adds to the overall cost of doing business. It's possibly, I think, the number one concern of SMEs (small- and medium-sized enterprises) today." Others said it's not the right time for a hike in employers' CPF contributions. Mr Chan Chong Beng, president of Association of Small & Medium Enterprises, said: "A lot of people are not hiring, and not expecting to (do so). A lot of people are already complaining about rising business costs. I think we should postpone it (till) when times are better. And if there's a need to, then the increase should be very marginal." And that, Mr Chan said, should be less than one percent ...
Hade Libi - Ethiopians for Abay Dam - Tigrigna SongFeb 07, 2012
Great Millennium Dam moves Ethiopia The Millennium Hydroelectric Power Project has officially started construction. Prime Minister Meles Zenawi vowed for all Ethiopians to be involved in what he calls "Ethiopia's contribution to the region": a 3.3 billion euro dam, fully financed by Ethiopia. Both positively and negatively, the launching of what is to be the largest dam on the African continent has moved Ethiopians all over the country. The central bank of Ethiopia issued bonds in order to raise funds for the construction of the Great Millennium Dam. The Labor Union of Sheraton Addis Hotel, one of the luxury facilities in the hospitality business of Ethiopia, announced that its members will buy bonds valued over 800000 birr. The union has over eight hundred members. Abreham Hagos, Head of Finance at the labor union told Capital that the members of the union will buy at least two bonds per head valued at five hundred birr each. "This project is one of the most valued milestones in the 21st century Ethiopia, it is a national call, and it needs national response" he said. In a related development, the workers of Adika Tour and Travel Plc have come to terms with the management of the company to withdraw some portion of their provident fund to buy a bond. The company has 91 staff members. Ashenafi Zeleke, General Manager at Adika Communications and Events, a sister company of Adika Tour and Travel, told Capital that workers at their companies will buy bonds worth 500000 birr ...
How to get into the EPF room in club penguinNov 23, 2011
this video will show you how to get into the EPF room using club penguin storm
Club Penguin EPF Herberts Revenge Mission 1 Part 2Aug 27, 2010
Club Penguin EPF Herberts Revenge Mission 1 Part 1 of 2. I got this game at a Toys "R" Us Special Event. SNEAK PEEK! So far 4 stars out of 5
Tan Kin Lian will donate half of his salary if elected as President - 07Jun2011Feb 20, 2012
SINGAPORE: Former NTUC Income Chief Tan Kin Lian has confirmed that he will be running in the Presidential Election, which must be held by August 31. On his blog, Mr Tan wrote that he will contest if given the certificate of eligibility. He also shared his thoughts on the key role of safeguarding the reserves that the elected President has to play. Calling it "holding the second key", he said former President Ong Teng Cheong had expressed difficulty in performing this role. Mr Tan said there are two main concerns Singaporeans had shared through Internet postings on the reserves. One was the safety of the Central Provident Fund and if the government has enough money to make payouts to Singaporeans at their respective withdrawal dates. The other concern was whether there are reserves to protect Singapore's economic security in the challenging global financial environment. Mr Tan said these concerns were worsened by the decline in trust in the government in recent years and a lack of transparency on the reserves. He said as the constitution required the elected President to give approval of past reserves or "reserves accumulated by previous governments", an understanding was needed of what is defined as "reserves", and what is considered "past reserves" and "current reserves". Mr Tan said he will be studying a White Paper, published after former President Ong Teng Cheong completed his term in 1999, on the principles of the role to understand if it helped the President to ...
Abay by Melaku ZelalemFeb 07, 2012
Great Millennium Dam moves Ethiopia The Millennium Hydroelectric Power Project has officially started construction. Prime Minister Meles Zenawi vowed for all Ethiopians to be involved in what he calls "Ethiopia's contribution to the region": a 3.3 billion euro dam, fully financed by Ethiopia. Both positively and negatively, the launching of what is to be the largest dam on the African continent has moved Ethiopians all over the country. The central bank of Ethiopia issued bonds in order to raise funds for the construction of the Great Millennium Dam. The Labor Union of Sheraton Addis Hotel, one of the luxury facilities in the hospitality business of Ethiopia, announced that its members will buy bonds valued over 800000 birr. The union has over eight hundred members. Abreham Hagos, Head of Finance at the labor union told Capital that the members of the union will buy at least two bonds per head valued at five hundred birr each. "This project is one of the most valued milestones in the 21st century Ethiopia, it is a national call, and it needs national response" he said. In a related development, the workers of Adika Tour and Travel Plc have come to terms with the management of the company to withdraw some portion of their provident fund to buy a bond. The company has 91 staff members. Ashenafi Zeleke, General Manager at Adika Communications and Events, a sister company of Adika Tour and Travel, told Capital that workers at their companies will buy bonds worth 500000 birr ...
Practical Accounting and Taxation in India: IntroductionOct 17, 2011
You need not be a Accounting professional to learn from these videos. Here I am going to show you how transactions are processed in accounting department of an organization. I will show you all the forms and proforma needed for filing returns and remittance of statutory payments in India. Please seek professional advice before you take any action based on these videos. Rules keep changing every now and then.
TV9 - High-flier Vijay Mallya caught in a pincer as SBIJan 09, 2012
TV9 - High-flier Vijay Mallya caught in a pincer as SBI.........! The self-proclaimed 'king of good times' , Vijay Mallya , received a shocker on Thursday when the State Bank of India (SBI) called his cash-strapped Kingfisher Airlines a "non-performing asset". "Kingfisher is a NPA (non-performing asset) for us. They are in default," SBI chairman Pratip Chaudhuri told reporters in New Delhi. SBI, the Mallya-led airline's largest creditor and the leader of the consortium of banks that has lent funds to it, has an exposure of Rs 1457.78 crore to the struggling carrier. If that was not enough, the bank has asked Kingfisher to repay the dues of Rs 500 crore to it within 90 days. "It has 90 days to repay loans to upgrade to standard assets," Chaudhuri said. SBI's exposure is the highest among any of the lenders to the airline, followed by IDBI Bank (Rs 727.63 crore), Punjab National Bank (Rs 710.33 crore), Bank of India (Rs 575.27 crore) and Bank of Baroda (Rs 537.51 crore). To compound Mallya's woes, the directorate general of civil aviation (DGCA) on Thursday pulled up the airline for cutting corners at the cost of passenger safety and set a Monday deadline for plugging the loopholes. The double whammy has come at a time when the airline is facing severe financial crunch. The private carrier is in a financial mess and struggling to service its loans, which have run up to over Rs 6000 crore. Kingfisher reported a net loss of Rs 469 crore for the July-September quarter of the ...
Tan Kin Lian confirms Presidential bid (07 Jun 2011)Aug 29, 2011
Many people have asked me, "Mr. Tan, if you were the Elected President, what would you do to follow the steps taken by President Ong Teng Cheong to safeguard our reserves"? I have written this paper to explain the issues involved in performing this role and the new approach that I intend to take, if I were elected as President. tankinlian.com I have now decided to contest the Presidential Election (if I am given the Certificate of Eligibility). I shall issue a full statement today or tomorrow. ''Safeguarding the reserves'' tankinlian.blogspot.com Tan Kin Lian confirms Presidential bid By Alicia Wong | SingaporeScene -- Tue, Jun 7, 2011 Former NTUC Income chief Tan Kin Lian has thrown his name into the hat for the post of President of Singapore. In a short message on his blog on Tuesday, Tan said, "I have now decided to contest the Presidential Election (if I am given the Certificate of Eligibility)." He will issue a full statement later on Tuesday. Tan, 63, first announced his interest in contesting the Presidential polls, due by 31 Aug, last Friday after his friend collected the Certificate of Eligibility forms on his behalf. He was then undecided then as his wife, fearing a "possible smear campaign" had initial reservations about his participation. He also mentioned the fact that he also came from a humble background, and as such, was not sure he could fit the "ceremonial and diplomatic role of the Presidency." However, in his blog post entitled "Safeguarding the ...
Ministers' pay review to scrap pension scheme - 04Jan2012Jan 04, 2012
SINGAPORE: The hotly-debated issue of pensions for political office holders was finally laid to rest, after the ministerial salary review committee recommended that the pension scheme be scrapped. This is in line with the principle of having a transparent wage system, where there are no hidden perks. Under the Parliamentary Pensions Act, political office holders such as parliamentary secretaries and ministers who have served at least eight years are eligible for a pension. The idea behind it was to recognise their role in policymaking, and their experience. The quantum is calculated based on the pensionable component of the monthly salary, and includes a cap on how much office-holders can receive. For instance, retired ministers who have served 18 years or more, get an annual payout of about 11 per cent of their last-drawn annual salaries. The salary review committee has now proposed that the scheme be scrapped, and replaced by the Central Provident Fund scheme, which is the basic retirement scheme for Singaporeans. Office-holders appointed on and after May 21, 2011, when the new government took office, will not receive any pension. Those appointed before May 21 will have their pensions frozen, meaning that they will only be eligible for pension accrued up to May 20, 2011. Gerard Ee, chairman of the ministerial salary review committee, said: "What is really important here is, whatever pension that is already accrued, where previously once you reach 55 you are entitled to ...
WHAT!?Jul 28, 2011
Can you believe this!? a Disney lover made it into "Reviewed by you"! They think that the EPF is better than the PSA! How pathetic is THAT!? comment and tell me what you think about this!
Club Penguin EPF'S Test''s Part 2Sep 20, 2010
this is the video that teach you how to pass the with good grades (do not give bad comments) PLEASE SUBSCRIBE Hints: 1. Hit The Traget With A SnowBall 2. Go To The Green Square and then Run to the Red Square 3. Throw a SnowBall To The Camera 2 And find a hiding place so that camera 1 can't see you 4. Do Not Go To The Blue Square Just Dont Do AnyThing And then Your Gonna Have A Perfect Score
Pension Fund Market in India 2011 - Sample.mp4Sep 08, 2011
The pension fund market in India was valued at INR 13.72 tr in 2010 and is estimated to grow at 7% CAGR. Low existing coverage and massive workforce in the unorganized sector provides a huge untapped market for the pension market. Strong opportunity for the private players also exists as the government provides ample support to them. The government also aims to take significant measures to implement the new pension scheme and increase pension coverage. Support to foreign players and changing demographics in the country will drive the market. The report begins with an introduction including the history of India's social security laws, types of pension systems and the various pension schemes in India. This section introduces one to the pension structure that has been followed in India historically. The various pillars of pension schemes and their characteristic features have also been provided including nature, eligibility, applicability, funding, benefit, premature withdrawal option and taxation. This is followed by the market overview section which gives an insight into the overall pension fund market, its size and growth. It delves further into the growth of pension premium, pension coverage and government pension expenditure. Growth of pension premium was much more compared to that of the total life insurance premium in 2007-08. Percentage of pension in total number of policies, including insurance policies, has also risen to 20% in 2008. Pensions comprise of one of the ...
