Pro rata is a term used to describe a proportionate allocation. It's a method of assigning an amount to a fraction according to its share of the whole.

The Kerala High Court has issued an interim order directing that the higher Provident Fund (PF) pension currently received by pensioners should not be reduced based on the pro rata condition. The ...

The Employees’ Provident Fund Organisation is considering replacing its higher pension system with a new scheme that may reduce payouts for many subscribers. An RTI reply revealed proposals to ...