Proposal for Rs 1,000 minimum monthly pension approved: Government Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees' Provident Fund Organisation (EPFO), Parliament was informed today. The decision of the government would immediately benefit 28 lakh pensioners including 5 lakh … [Read more...] about Proposal for Rs 1,000 minimum monthly pension approved: Government
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EPFO
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
EPFO likely to provide 9% interest for 2014-15 – Economic Times
EPFO likely to provide 9% interest for 2014-15 - Economic Times By PTI | 7 Jun, 2014 NEW DELHI: Retirement fund body EPFO is likely to provide nine per cent rate of interest on PF deposits for the current fiscal to its over five crore subscribers, slightly higher than 8.75 per cent paid in 2013-14. "The initial estimates indicate that the Employees' Provident Fund … [Read more...] about EPFO likely to provide 9% interest for 2014-15 – Economic Times
Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification.
Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification. Employees Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110 066 No. HRM-8/V/12/1/2003/FMA/Vol-II/26632 Dated: – 14th March 2014 To, All Addl. Central … [Read more...] about Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification.
Government approves Rs 1,000 min monthly pension under EPS-95
Government approves Rs 1,000 min monthly pension under EPS-95 - PTI Government today approved the proposal to ensure Rs 1,000 minimum monthly pension under a scheme of retirement fund body EPFO that would immediately benefit 28 lakh pensioners. The decision to provide the entitlement under Employees' Pension Scheme-95, run by the Employees' Provident Fund Organisation, was … [Read more...] about Government approves Rs 1,000 min monthly pension under EPS-95
EPFO may come out with a scheme to provide housing
Besides managing retirement funds, EPFO may come out with a scheme to provide housing... EPFO may provide housing to subscribers on additional payment of 10 pct PTI | New Delhi | Updated: Jan 13 2014 Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore subscribers on additional contribution of 10 per cent by them from … [Read more...] about EPFO may come out with a scheme to provide housing
EPFO: Minimum monthly pension of Rs 1,000 to be a reality this month
EPFO: Minimum monthly pension of Rs 1,000 to be a reality this month 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 … [Read more...] about EPFO: Minimum monthly pension of Rs 1,000 to be a reality this month
EPFO trustees may decide on 8.5% interest rate today i.e. 13th Jan, 2014
EPFO trustees may decide on 8.5% interest rate today i.e. 13th Jan, 2014 The meeting is being held nearly a year after the last in February 2013. “There are 38 items on the agenda, including approval of the annual report, as the meeting is taking place after so long,“ said a CBT member, adding that after the board’s reconstitution in May 2013, it was meeting only … [Read more...] about EPFO trustees may decide on 8.5% interest rate today i.e. 13th Jan, 2014
Enhancement of salary limit of Employees Provident Fund
Enhancement of salary limit of Employees Provident Fund Enhancement of salary limit of Employees Provident Fund is considering to Rs.15000..! While answering to a question in Parliament, Minister of State for Labour and Employment Shri Kodikunnil Suresh said that A proposal for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the threshold limit from … [Read more...] about Enhancement of salary limit of Employees Provident Fund
EPFO Performance in September 2013
EPFO Performance in September 2013 While reviewing the work of Employees Provident Fund Organisation during September 2013, it has been observed that the Organisation settled 7,96,759 claims in its 123 offices located throughout the country compared to 7,49,639 claims settled during September 2012. More than 50 % of the offices settled more than 80% of the claims within 10 … [Read more...] about EPFO Performance in September 2013
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