A panel set up by the trustees of India's largest pension fund has recommended an interest rate of between 8.0 and 9.0 per cent for the Employees Pension Fund scheme in 2003-04, a member of the panel said on Thursday.
The scheme currently offers an interest rate of 9.5 per cent.
The panel member said the group would meet on May 31 to take a final decision on the rate.
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