When the salary cap on PF savings was raised from Rs 5,000 to Rs 6,500 per month in 2001, the pension scheme’s liabilities had risen by Rs 10,000 crore.
NEW DELHI: The hole in the employees' pension scheme rose from Rs 54,200 crore in 2008 to nearly Rs 62,000 crore in 2009, according to a significantly delayed valuation report of the scheme that was launched for provident fund account holders in 1995, when Manmohan Singh was the finance minister.
The report, which was presented to the government last year but only shared with PF trustees last week, has recommended that a part of the pension scheme's corpus be invested in "real assets ..
"This has resulted in a deficit of Rs 61,608 crore compared to Rs 54,203 crore in the year before," concluded the actuary PA Balasubramanian in the valuation report reviewed by ET. One way suggested to curb the scheme's Rs 61,608 cror ..
The report, which was presented to the government last year but only shared with PF trustees last week, has recommended that a part of the pension scheme's corpus be invested in "real assets ..
"This has resulted in a deficit of Rs 61,608 crore compared to Rs 54,203 crore in the year before," concluded the actuary PA Balasubramanian in the valuation report reviewed by ET. One way suggested to curb the scheme's Rs 61,608 cror .. 
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