IAI SA4 Practice Questions - IAI Subject SA4 Pensions And Other Benefits Specialist Advanced Exam

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The Employees' Pension Scheme (EPS), 1995 is administered by the EPFO and provides a defined pension to organised-sector workers. From the employer's statutory provident-fund contribution, what portion of pensionable wages is diverted to fund EPS?

1.16% 8.33% 3.67% 12%

Correct Answer:

8.33%

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