New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Which of the following organizations manages the

    pension fund for government employees in India?  
    A Life Insurance Corporation of India (LIC) Correct Answer Incorrect Answer
    B Employees' Provident Fund Organisation (EPFO) Correct Answer Incorrect Answer
    C Pension Fund Regulatory and Development Authority (PFRDA) Correct Answer Incorrect Answer
    D Central Board of Trustees (CBT) Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The pension fund for government employees in India is managed by the Central Board of Trustees (CBT). The CBT is responsible for managing the Employees' Pension Scheme (EPS), which is a defined benefit pension scheme for employees of the government of India. The EPS is administered by the Employees' Provident Fund Organisation (EPFO), which is responsible for the administration of the Employees' Provident Fund (EPF) and other social security schemes for employees in India. Hence, option D is correct.

    Practice Next