EPF Interest Rate for 2011-2012

Employee Provident Fund Organization (EPFO) has  reduced the EPF interest rate for 2011-2012 to 8.25% from 9.5%. Based on their calculation, They can not afford to give more interest to  4.72 crores PF account holders.
Year         Interest Rate 
11-12         8.25%
10-11         9.50
09-10         8.50
08-09         8.50 

Recently Government had increased interest rate for NSC, PPF and other post office schemes. So I think All PF account holders are keeping for long term benefits then we should be getting at least 8.5% interest rate.