Furnishing of Aadhaar mandatory for final settlement of Pension claims Ministry of Labour & Employment Press Information Bureau, Government of India 02-March, 2017 The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of … [Read more...] about Furnishing of Aadhaar mandatory for final settlement of Pension claims
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Employees Pension Scheme
Central Board of Trustees recommends 8.65% interest on EPF
Press Information Bureau Government of India Ministry of Labour & Employment 19-December-2016 16:54 IST Shri Bandaru Dattatreya chaired the 215th meeting of the Central Board of Trustees (EPF) CBT recommends 8.65% interest on EPF to its subscribers for the year 2016-17 The Minister of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya … [Read more...] about Central Board of Trustees recommends 8.65% interest on EPF
Clean up the employees pension scheme
Clean up the employees’ pension scheme Though a majority of organised workers are covered under the Employees’ Pension Scheme (EPS) 1995, there is still very low transparency level. Many readers might not have even heard about it because EPS is not a separate scheme. It is just an add-on to the Employee Provident Fund (EPF) scheme and all EPF members also … [Read more...] about Clean up the employees pension scheme
Ceiling for Pensionable Salary
Ceiling for Pensionable Salary As per Para 12(1) of the Employees’ Pension Scheme (EPS), 1995, a member shall be entitled to: (a) Superannuation pension if he has rendered eligible service of 10 years or more and retired on attaining the age of 58 years. (b) Early pension, if he has rendered eligible service of 10 years or more and retired or otherwise ceases … [Read more...] about Ceiling for Pensionable Salary
Minimum Pension – Ministry of Labour & Employment
Minimum Pension The Government has notified a minimum pension of Rs. 1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 vide Notification No. G.S.R. 593 (E), dated 19th August, 2014 effective from 01.09.2014 for the year 2014-15 which is continued beyond March, 2015 without any break. However, no proposal is under consideration of the … [Read more...] about Minimum Pension – Ministry of Labour & Employment
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16 Simplified Pension Claim Form 10D (UAN) and single page Pension Payment Order (PPO) under Employees’ Pension Scheme, 1995 unveiled New Delhi: While taking stock of the performance of EPFO in the month of February 2016, Dr V.P. Joy, the newly appointed … [Read more...] about EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
BSNL Clarification regarding Employees Pension Scheme
BSNL Clarification regarding Employees Pension Scheme BHARAT SANCHAR NIGAM LIMITED (A Govt. of India Enterprise) NO.500-85/CA-II/BSNL/EPF/2011/Vol.VI Dated 19.01.2016 To, The IFAs, All Circles BSNL Sub.: Various Gazette Notifications issued by EPFO from Time to Time This office has been receiving queries regarding Employees Pension Scheme. In this regard, it is … [Read more...] about BSNL Clarification regarding Employees Pension Scheme
Increasing Pension Limits Under Employees Pension Scheme
Increasing Pension Limits Under Employees Pension Scheme Ministry of Labour & Employment 09-March, 2015 15:00 IST The Government is not considering to enhance the age limit for Employees Pension Scheme (EPS).The Pension implementation Committee (PIC) has recommended to increase the short service pension entitlement age from 50 years to 55 years. The proposal is under … [Read more...] about Increasing Pension Limits Under Employees Pension Scheme
New policy for pension holders
New policy for pension holders GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-1192 ANSWERED ON-03.12.2014 New policy for pension holders 1192 . Shri Basawaraj Patil 1192. SHRI BASAWARAJ PATIL: Will the Minister of LABOUR AND EMPLOYMENT be pleased to state: (a)the impact of the new policy of Government on pension … [Read more...] about New policy for pension holders
Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000
Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000 NEW DELHI: Employees earning upto Rs 15,000 a month will soon come under the Employees' Provident Fund (EPF) net, with the Narendra Modi government approving a hike in the threshold for mandatory PF savings from Rs 6,500 a month to Rs 15,000. Though the Manmohan Singh … [Read more...] about Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000
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