New Delhi, March 5 -- With the cost of living continuing to rise rapidly, the salaried class needs a substantial corpus to manage post-retirement expenses. While investing early in mutual funds and similar avenues can be highly beneficial, EPF (Employees' Provident Fund) contributions play a major role in navigating the post-retirement life of the salaried.

If you work with an employer who is registered as an 'establishment' (defined as those employing more than 20 persons) under the EPF and Miscellaneous Provisions (EPF and MP) Act, 1952 and your salary (basic plus dearness allowance (DA)) is more than Rs.15000 per month, you can be enrolled as a member of EPF. Once you become a member of EPF, a specified amount (typically 12% of salary...