Ticking time bomb: Employee pension scheme may go bankrupt

His employers have put in nearly 85,000 in a scheme on his behalf but Prashant Jangale does not know how, when or what he will get in return. The Mumbai-based marketing professional is not aware that as a member of the Employees' Provident Fund (EPF), he is eligible for a monthly pension for life after he turns 58. After him, his wife will receive pension for life.

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