EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.
Coronavirus Lockdown: Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July
The Ministry of Labour & Employment has implemented the decision to cut employees' provident fund (EPF) contributions to 10 per cent from the existing 12 per cent for three months till July
Govt notifies 8.65% interest rate on employees provident fund for 2018-19; over 6 cr EPFO members to benefit
The government has approved 8.65 percent interest rate on employees provident fund for 2018-19, which will now be credited into the accounts of over 6 crore subscribers of retirement fund body EPFO, a source said on Thursday
Labour Minister Santosh Kumar Gangwar says 8.65% interest on Employees' Provident Fund to be notified soon
The labour ministry will soon notify 8.65 percent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as the finance ministry does not disagree on this rate, said Labour Minister Santosh Kumar Gangwar on Friday
Retirement fund manager EPFO is likely to appoint next week at its trustees' meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term
Employee, not in employment for a month, could get 75 percent of PF: Labour minister Santosh Gangwar
The requirement of the two-month waiting period will not apply in cases of female employees quitting their jobs to get married.
Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues
A suitable amendment in the law would be conducive to checking one's tendency to dip into one’s retirement funds at the drop of a hat.
Lack of implementation of labour laws continues to haunt India's textile sector as labourers suffer under exploitative employers
Since the last seven months, 1,700 people have been demonstrating outside the gates of Century Textiles & Industries, protesting the firm's sale to Wearit Global Limited. Out of these 1,700, nearly 1,300 had been permanent employees.
PF interest rates lowered to 8.55% for FY18; ETF investments fetch a return of 20.65% so far, says labour minister
Retirement fund body EPFO lowered the rate of interest on employees provident fund to 8.55 percent for its over 6-crore subscribers for 2017-18, from 8.65 percent in the previous fiscal.
Following a "positive meeting" with Union Labour Department and Coal India officials, central trade unions operating in the coal industry deferred their proposed three-day strike
The ratification of the 8.65 percent interest on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers.
EPFO has already made it mandatory for pensioners as well as subscribers to submit Aadhaar for availing of benefits of the Employees' Pension Scheme.
Caught off guard by sudden eruption of violence during the garment workers' protest over the PF issue, authorities have deployed central forces in Bengaluru
Jaitley proposed to tax 60 percent of a retiree’s EPF savings, if not invested in annuity. It is a poorly-thought out move since no one would want the government to tax a good part of their life's savings (for many of them EPF is the only savings).
Congress on Monday staged a protest here seeking immediate reversal of the Centre's proposal to tax 60 per cent of Employees' Provident Fund (EPF) at the time of withdrawal and warned of escalating pressure if the demand was not met.
The government today proposed to revamp laws governing salary payment and granting employees a choice over how they get salary.
According to reports, EPF accounts will soon be linked to the permanent account number, unique identity number or the National Population Registry. The costs of introducing portable EPF numbers stands at Rs 200 crore, while the savings are estimated at Rs 720 crore
This cut was proposed by the Finance Ministry and a notification was issued by the Labour Ministry.
The EPFO had provided 9.5 percent interest rate to its subscribers for 2010-11 after it found Rs 1,731 crore surplus in its books of account.