Originally Posted by Lucid
Hi, I have a few questions concerning the Provident Fund:
1) It says that the minimum contribution is 5% of EK's basic salary, and EK contributes 12% as well. Is there a limit as too how much you can opt to contribute and if so, does EK up its contribution from 12%?
2) Who looks after the Provident Fund?
3) Is the provident fund open to all types of investments such as bonds, currency exchange, stocks, futures, and mutual funds depending on your requested risk allocation?
Thanks in advance.
Wow... Maybe you should be a stockbroker and not a pilot
But, I'll try - off the top of my head to answer these.....
1) No limit to your contribution. No, EK does not up theirs if you do - nice try though
2) No idea - some big investment bunch in Isle-of-Man, I couldn't care less but personally I'm sitting at over 20% interest per year on average after more than 8 years. It seems to work - for now....
3) Lots of choices. I just do the "lucky strike" strategy... Like the lottery
If you base your decision to join EK on the provident fund, well, best of luck to you
