Kathmandu. The Employees Provident Fund has distributed approximately Rs 5.34 billion in profit to savers and contributors from the total profit earned in the last fiscal year. The fund has stated that about Rs 5.27 billion has been deposited in the accounts of savers and about Rs 64.3 million in the accounts of contributors of the contribution-based pension fund.
The meeting of the fund’s board of directors on Chaitra 17, while approving the financial statements for the fiscal year 2080/81, had decided to distribute the amount at the rate of 1.10 percent of the opening balance in the personal accounts of savers and contributors as profit.
The fund distributes 92 percent of the total profit earned in each fiscal year for the benefit of savers and for welfare purposes. The remaining amount has been kept in various reserve funds.
The fund is providing interest to savers and contributors at the rate of 5.50 percent on the accumulated amount in the current fiscal year. Savers and contributors have been getting special loans from the fund at an interest rate of 6.60 percent up to 90 percent of the accumulated amount.
The fund has been providing special, house, educational, house repair, simple and land purchase loans since the past with the aim of fulfilling the needs of savers and contributors during their service period. The fund has been providing health treatment reimbursement facilities to saver couples from its own resources without the savers having to make a separate contribution. .
Similarly, social facilities such as maternity and child care facilities, maternity and child care facilities, and accident compensation grants have been provided.
Under this, in the last fiscal year, maternity and child care facilities worth Rs. 146.5 million, maternity and child care facilities worth Rs. 28.2 million, accident compensation worth Rs. 21.4 million, health treatment reimbursement worth Rs. 346.5 million, and special financial facilities worth Rs. 7 million were provided to 47 civil servants, according to the fund.
Currently, the fund has 575,000 depositors and 80,400 pension fund contributors.
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