EPFO

EMPLOYEES PROVIDENT FUND ORGANISATION
(MINISTRY OF LABOUR & EMPLOYMENT, GOVT. OF INDIA)
NATIONAL DATA CENTRE
1st Floor, Bhavishya Nidhi Bhawan, Plot No.23,
Sector-23, Dwarka,New Delhi-110075

No. NDC/ Digilocker/ PPO/ 2020/ 112

Dated: 04.03.2020

To

All Addl. Central PF Commissioners (HQ),
All Addl. Central PF Commissioners (Zones),
All Regional PF Commissioners/ Officers-in Charge of Regional Offices.

Sub: Provision of downloading digital copy of Pension Payment Order (PPO) from Digilocker- reg.

Madam /Sir,

With reference to the context cited above, EPFO has collaborated with NISD and has made available the digital version of the Pension Payment Order (PPO) for the Pensioners of Employees’ Pension Scheme at Digilocker Portal for the benefit of the Stakeholders. By collaborating with NISD, EPFO seeks to improve its service delivery by creating a digital highway that can facilitate exchange of digitally signed documents amongst the issuers, citizens and the other Government service providers. The PPO issued by EPFO to the EPS pensioners has been made available at Digilocker Portal in shape of a Digital Certificate which any concerned EPS Pensioners can download by registering on Digilocker.

Also check: Pension Hike Latest News: Minimum monthly pension of Rs. 3000 after attaining the age of 60 years

2. You are, therefore, requested to bring to the knowledge of all EPS Pensioners about this facility available to Pensioners.

3. The detailed standard operating procedure is attached with this circular.

Encl. : As stated above.

Yours faithfully,

(V. Ranganath)
Addl. CPFC (IS)

Copy to: PS to CPFC for kind information of CPFC.

The post EPFO – Provision of downloading digital copy of Pension Payment Order (PPO) from Digilocker appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

Navodaya Vidyalaya Samiti
Ministry of Human Resource Development
Government of India
(Department of School Education Literacy)
B-15. Institutional Area, Sector-62, Noida,
Gautam Budh Nagar, Uttar Pradesh 201309
URL: www.navodaya.gov.in
F.No.03-01-2018-NVS(Admin.) 4523.

Dated: 06/12/2018

To

The Deputy Commissioner
Navodaya Vidyalaya Samiti
All Regional Offices

Sub: Proposal for alternative pension scheme in lieu of the existing CPF Scheme

Sir,

Proposal for alternative pension scheme in lieu of existing CPF scheme is under consideration of the Ministry. It has been intimated by the Ministry that in the context of the feasibility of extending the benefits of the GPF-cum-Pension Scheme, 1972 not being there, one of the options would be to explore the possibility of having an annuity based alternative pension scheme in lieu of the existing CPF scheme. It has been desired that a comprehensive proposal based on willingness of the eligible employee to opt for the alternative scheme is annuity based pensionary benefits in lieu of existing scheme may be submitted.

Accordingly, you are requested to submit the consent of employees on shifting form existing scheme to annuity based pensionary scheme.

In this regard, you are, therefore, requested to kindly obtain willingness of the eligible employees who have joined the services before 1.1.2004 (including those who have retired) to opt for the alternative scheme in lieu of the existing CPF scheme.

The consolidated data in respect of RO and JNVs may be submitted to this office latest by 30.12.2018.

This may kindly be treated as most urgent.

This has the approval of Commissioner, NVS.

Yours faithful

(Dr. Honnareddy N)
Joint Commissioner (Admn.)

The post Proposal for alternative pension scheme in lieu of the existing CPF Scheme appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

GOVERNMENT OF INDIA

QUESTION NO 1966

Measures for pension beneficiaries under EPF

1966 Dr. Satyanarayan Jatiya

ANSWER

Further, index-linking of pension, i.e., increase in pension to fully neutralize inflation was considered by the Expert Committee constituted by the Government to review EPS, 1995, and the same was found not feasible through a funded scheme like EPS, 1995 wherein the contribution of employer and Government is at a fixed rate of 8.33 per cent and 1.16 per cent.

Source: ENGLISH VERSION HINDI_VERSION

The post Measures for pension beneficiaries under EPF appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA
UNSTARRED QUESTION NO 139
ANSWERED ON 24.11.2014

SUBSCRIBERS UNDER EPS

139 . Antony Shri Anto

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-
(a) whether the Government has any record regarding the number of subscribers under the Employees` Pension Scheme (EPS) in the country;

(b)if so, the details thereof, State/UT-wise; and

(c)the details of the amount distributed under EPS during each of the last three years and the current year, State/UT-wise?

ANSWER

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI BANDARU DATTATREYA)

(a) & (b): Yes, Madam. The State/UT-wise details of membership of Employees’ Pension Scheme, 1995 are at Annex-I.

(c): The State/UT-wise details of amount distributed under Employees’ Pension Scheme, 1995 during the last three years and current year (upto June, 2014) are at Annex–II.

No. of Subscribers under the Employees’ Pension Scheme (EPS), 1995

Source: Loksabha.nic.in

The post Employees Pension Scheme: Details of subscribers and amount distributed appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

REGD. NO. D. L.-33004/99

The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY

No. 429] NEW DELHI, TUESDAY AUGUST 19, 2014/SRAVANA 28, 1936

MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION

New Delhi, the 19th August, 2014.

G.S.R. 593 (E).—In exercise of powers conferred by section 6A, read with Sub-section(1) of Section7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’ Provident Funds Scheme, 1995, namely:-

1.
(1) This Scheme may be called the Employees’ Pension (Second Amendment) Scheme, 2014.
(2) It shall come into force on and from the 1st day of September, 2014.
2. In the Employees’ Pension Scheme, 1995(hereinafter referred to as the principal Scheme), in paragraph 12, after sub-paragraph (7), the following sub-paragraph shall be inserted, namely:-

“(7A) The monthly member’s pension including any relief payable to any existing or future member under this paragraph shall not be less than one thousand rupees for the financial year 2014-15.”.

3. In the principal Scheme in paragraph 15, for the words, brackets and figures “sub-paragraphs (2) to (5) of paragraph 12, as the case may be,”, the word and figures “paragraph 12” shall be substituted.

4. In the principal Scheme, in paragraph 16,-

(a) in sub-paragraph (2), in clause (a), after sub-clause (iv), the following sub-clause shall be inserted, namely:-

“(v) in all the cases, where the monthly widow pension including relief, if any, is less than one thousand rupees per month, the amount of monthly widow pension in such cases shall be enhanced to one thousand rupees per month for the financial year 2014-2015.”;

(b) in sub-paragraph (3), for clause (b), the following clause shall be substituted, namely:-

“(b) Monthly children pension for each child shall be equal to 25 per cent of the amount admissible to the widow of the deceased member as monthly widow pension payable under clause (a) of sub-paragraph (2):

Provided that the minimum monthly children pension including relief, if any, for each child of the deceased member shall not be less than two hundred and fifty rupees per month for the financial year 2014-2015.”;

(c) in sub-paragraph (4), for clause (a), the following clause shall be substituted, namely:-

“(a) if the deceased member is not survived by any widow, but is survived by children falling within the definition of family or if the widow pension is not payable, the children shall be entitled to a monthly orphan pension equal to 75 per cent of the amount of the monthly widow pension as payable under clause (a) of sub-paragraph (2):

Provided that the minimum monthly orphan pension including relief, if any, for each orphan shall not be less than seven hundred and fifty rupees per month for the financial year 2014-15.”.

[F. No. R-15025/3/2007.SS-II/Pt.II]

ARUN KUMAR SINHA,Addl. Secy.

Foot Note.- The Employees’ Pension Scheme, 1995 was published in the Gazette of India vide notification number G.S.R. 748(E), dated the 16th November, 1995 and was lastly amended vide notification number G.S.R. 80(E), dated the 14th February, 2013.

Source: http://www.labour.nic.in/upload/uploadfiles/files/latest_update/what_new/5400645038fa3MinimumPensionofRs.1000.pdf

The post Gazette Notification regarding minimum pension of Rs.1000/- pm under EPS,1995 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

PRESS INFORMATION BUREAU

GOVERNMENT OF INDIA
GOVERNMENT REITERATES ITS COMMITMENT TO THE WELFARE OF SCs & STs

New Delhi: July 10, 2014
Ashada 19, 1936

The Central Government has said that it is committed to the welfare of SCs and STs and this year an amount of Rs 50,548 crore is proposed under the SC Plan and Rs 32, 387 crore under TSP. The Union Finance Minister Shri Arun Jaitley while presenting his maiden Budget, in the Lok Sabha today said that to provide credit enhancement facility for young start up entrepreneurs from Scheduled Castes, who aspire to be part of the neo-middle class, a sum of Rs 200 crore will be opertionalised through a scheme by IFCI. For the welfare of the tribals “Van Bandhu Kalyan yojana” is being launched with an initial allocation of Rs 100 crore. Shri Jaitley has announced a sum of Rs 100 crores for modernization of Madarsas.
Shri Jaitley said that NDA Government during its last term in office had introduced the Varishtha Pension Bima Yojana (VPBY) as a pension scheme for senior citizens. Under the scheme a total no. of 3.16 lakh annuitants are being benefitted and the corpus amounts to Rs 6,095 crore. The Finance Minister proposed to revive the scheme for a limited period from 15 August , 2014 to 14, August, 2015 for the benefit of citizens aged 60 years and above. He also proposed to set-up a committee to examine and recommend the use of unclaimed amounts with PPF, Post Office, saving schemes etc for the benefit of senior citizens.

Shri Jaitley said that the Government is fully committed to the social security and welfare of employees serving in the organized sector. It is notifying minimum pension of Rs 1,000 per month to all subscriber members of EP Scheme and has made an initial provision of Rs 250 crore in the current financial year to meet the expenditure. Further, increase in mandatory wage ceiling of subscription to EPS from Rs 6,500 to Rs 15,000 has been made and a provision of Rs 250 crore has been provided in the current budget. For the convenience of the subscribers, EPFO will launch the “Uniform Account Number” Service for contributing members to facilitate portability of Provident Fund accounts.

The Finance Minister said that the Government will make all out efforts to create a more inclusive society for Persons with Disabilities to enable them to enjoy equal opportunity to lead an empowered life with dignity. He also proposed to establish National level institutes for Universal Inclusive Design and Mental Health Rehabilitation and also a Centre for Disability Sports.

Source: PIB

The post Welfare of SCs and STs, Varishtha Pension Bima Yojna, Minimum Pension Rs.1,000, Uniform Account Number for EPFO: Budget 2014-15 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners.

Those who get less than Rs 1,000 a month include 22 lakh member pensioners and 5 lakh widows as on March 31, 2013. There are about 44 lakh pensioners.

“The Labour Ministry’s revised proposal for minimum pension of Rs 1,000 per month was submitted to the Finance Ministry last week, and is likely to be approved this month,” said an official source.

The ministry’s proposal to assure minimum pension of Rs 1,000 under the Employees’ Pension Scheme 1995 (EPS-95), run by the Employees’ Provident Fund Organisation (EPFO), is pending for a long time.

Earlier, the ministry had proposed that the government should increase its subsidy on the scheme from 1.16 percent of the basic wages to 1.79 percent to assure the minimum pension amount of Rs 1,000 per month.

However, it did not find favour with the Finance Ministry as this would have resulted in permanent increase in subsidy provided by government.

The Labour Ministry in its revised proposal has asked the Finance Ministry to provide for around Rs 1,300 crore additional amount every year for the purpose, and indicated that this amount can reduce over a period of time with more members subscribing to the EPS-95.

Besides, the government is in the process of raising the basic wages ceiling under the Employees Provident Fund Scheme to Rs 15,000 from existing Rs 6,500.

All those employees getting basic wages – including basic pay and dearness allowance – of more than Rs 6,500 per month, are not covered under the social security schemes run by EPFO.

The Finance Ministry did not agree with the hike in pension subsidy to 1.79 percent of basic wages as the proposed increase in wage ceiling would have resulted in perpetual burden on the exchequer.

EPFO has a corpus of around Rs 5 lakh crore including around Rs 1.7 lakh crore in its pension fund. It has a subscriber base of around 5 crore and all of them are covered under the EPS-95.

The increase in wage ceiling under the scheme run by EPFO is important as it would bring in around 50 lakh more workes and increase the flow mandatory savings.
Source: http://zeenews.india.com
[http://zeenews.india.com/business/personal-finance/analysis-opinion/minimum-monthly-pension-of-rs-1-000-to-be-a-reality-this-month_92634.html]

The post EPFO: Minimum monthly pension of Rs 1,000 to be a reality this month appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.