What are the differences between provident fund and pension fund?

Pension Administration Pension Funds Fund Managers Fund Services Fund Analysis

Question ajoutée par Samahir Alshawwaf , Senior Accountant , Head Quarter of United Nations Relief and Works Agency ( UNRWA)
Date de publication: 2017/01/30

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par Malik Danyal Hameed , car sales and rental agent , City Motors

Provident fund is the contribution of employee and employer, you can say that its a retirement (lump sum) fund for employees.

Pension fund is the contribution of employee and government / state. It is also a retirement fund but you can take it on monthly basis.

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What are the differences between provident fund and pension fund?

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