Why elections are good news for your retirement

The hike comes after two years of rate cuts (from 8.75% for 2014-15 to last year's five-year-low of 8.55%) and is the first in four years. Surprisingly, last year when EPF rate was cut EPFO's surplus was Rs 600 crore and this year when it wants to give more it will be left with a surplus of just Rs 151 crore.