ACCOUNTING FOR POST RETIREMENT BENEFIT: EARLY ADOPTERS OF EPF

This manuscript reviews the modern situation of the Employment Provident Fund annuity classification. The Indian understanding may perhaps potentially authority strategy decisions in additional mounting countries, more than ever those with comparable dependence on the public provident account arrangement. Institutional facial appearance of an assortment of giving up work benefit schemes is decorated and their deficiencies are discussed. It is argued that little treatment echelon, underneath routine of provident finance schemes due to outlay limitations, and economic difficulty in administering unfunded community annuity programs have rendered the present classification unsuccessful and untenable. The disastrous experiments with improvised shake-up initiatives in current precedent additional lay emphasis on the need for a structural and lasting modify. The manuscript concludes with some course of action instructions for reforming the OLD AGE PENSION annuity classification.