Labour Ministry implements EPFO's decision to restore pension commutation; to benefit 6.3 lakh pensioners
The labour ministry has implemented retirement fund body EPFO's decision to restore pension commutation under the Employees' Pension Scheme, a move that will benefit 6.3 lakh pensioners
EPF account holders can now change exit date on portal; here is all you need to know about online updation
Earlier, employees' provident fund (EPF) subscribers had to depend on their former employers to declare the date of exit as the facility was not available online to EPF account holders.
EPFO approves changes in Employees' Pension Scheme to restore commutation of pension; move will benefit 6.3 lakh pensioners
Providing relief to 6.3 lakh pensioners, retirement fund body EPFO has approved a proposal to restore commutation, or advance part-withdrawal, under the Employees' Pension Scheme
EPFO pension News: Private sector employees to get higher retirement benefit as SC dismisses plea filed against Kerala HC order
The EPFO caps the figure on which contribution is calculated at a maximum of Rs 15,000 per month.
According to the latest data uploaded today by the EPFO, the new members enrolment in June is the highest so far in the last 10 month at 7,93,308.
Centre could decide on pension hike for organised sector employees this week; 40 lakh EPS subscribers may benefit
The hike in minimum monthly pension is likely to cost the government around Rs 3,000 crore per annum
Govt sees 1 cr new jobs on 12% pension incentive for first three years: Labour minister Santosh Kumar Gangwar
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved payment for the entire 12 percent contribution for first three years for new staff
The extension is, however, only for those who are yet to apply of Aadhaar, an order issued by the Ministry of Electronics and Information Technology said.
EPFO has already made it mandatory for pensioners as well as subscribers to submit Aadhaar for availing of benefits of the Employees' Pension Scheme.
Employees' Provident Fund Organisation (EPFO) had started providing this entitlement under the scheme from September 1, 2014
Retirement fund body will provide 8.16 percent higher pension to all those subscribers opting for deferring the benefit till the age of 60 years