The woes of pensioners and PF members
11 months, 3 weeks ago

The woes of pensioners and PF members

The Hindu  

The Employees’ Provident Fund Organisation ’s recent clarification on the implementation of the 2022 Supreme Court verdict on higher Provident Fund pension seems to have added to the woes of pensioners and PF members. Issues in pension computation In the most contentious matter of pension computation, the clarification, which states that pension will be calculated as per paragraph 12 of the EPS, also says that the date of commencement of pension will determine the applicable formula for calculation of pensionable service, pensionable salary, and pension. The clarification is also silent on when the EPFO will start disbursing higher PF pension, as there are reports of some pensioners getting a higher amount. But in March 2022, the BJP-led government informed the Rajya Sabha that the High Empowered Monitoring Committee had stated that doing this was “not feasible in view of actuarial position.” At present, the government’s contributions — around ₹8,715 crore for 2022-23 — are in two forms: the government pays 1.16% of the wages of up to ₹15,000 a month as subsidy for contribution towards EPS and additional budgetary support to ensure payment of the minimum monthly pension of ₹1,000 in respect of those who would otherwise be getting less.

History of this topic

Higher Pension: Employers must submit wage details by January 2025 to get benefits
2 days, 10 hours ago
EPFO Extends Deadline For Employers To Process Pending Higher Pension Applications; Check Details Here
5 days, 14 hours ago
EPFO members may soon approve their own PF withdrawals: Report
1 week ago
EPFO high pension: Why have 1.7 million applied for higher EPS contribution?
1 week ago
EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 4 days ago
EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
2 weeks, 5 days ago
EPFO board pitches amnesty plan for PF payment violations
3 weeks, 2 days ago
EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here
3 weeks, 2 days ago
Two ways for the EPFO to give itself an image boost
1 month, 1 week ago
New pension platform to ease payouts: Minister
1 month, 1 week ago
Trial run of centralised PF pension system is successful, says Centre
1 month, 2 weeks ago
EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago
What are the issues faced by EPFO pensioners?
3 months, 1 week ago
Centre to make EPFO pensions fully portable to ease payouts
3 months, 2 weeks ago
EPFO Pension: Here Are The Different Types And Their Benefits
3 months, 3 weeks ago
Pension concerns: On the EPFO recommendation
10 months, 1 week ago
EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years
10 months, 2 weeks ago
Higher PF pension | Employers get five more months to process applications
11 months, 2 weeks ago
EPFO FAQs: One year after Supreme Court verdict, EPFO releases FAQs for implementing higher pension
1 year ago
Minister promises action on EPFO higher pension delay
1 year ago
Higher PF pension | Employers get three more months to validate joint options
1 year, 2 months ago
Pre-2014 retirees may move court against validity of EPFO circulars
1 year, 3 months ago
Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 4 months ago
Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%
1 year, 4 months ago
EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 4 months ago
Keep it simple: The Hindu Editorial on opting for higher pension
1 year, 5 months ago
EPFO extends deadline to apply for higher pension till July 11
1 year, 5 months ago
Higher EPF Scheme | Extend deadline, simplify application process, employers tell EPFO
1 year, 6 months ago
EPF Pension: Delhi High Court Restrains EPFO From Taking Coercive Steps On Basis Of Recovery Notices For Higher Pension
1 year, 6 months ago
Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO
1 year, 6 months ago
EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 7 months ago
Higher pension: EPFO directs offices to calculate dues with interest
1 year, 7 months ago
How to get a higher pension in current EPFO ruling explained
1 year, 7 months ago
Higher PF pension: 1.16% to be taken from employers’ share, says Centre
1 year, 7 months ago
Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP
1 year, 7 months ago
EPFO: New deadline to apply for higher pension. Check details here
1 year, 7 months ago
EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago
EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago
Government extends date to opt for higher EPF pension to June 26
1 year, 7 months ago
Higher pension from EPF: Will EPFO extend the deadline?
1 year, 7 months ago
Higher pension | EPFO to wait for number of applicants before releasing calculation process
1 year, 7 months ago
As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details
1 year, 7 months ago
Higher pension from EPFO: Deadline, Eligibility, interest rate and other details
1 year, 7 months ago
Regional PF officers given one month to examine joint options for higher pension
1 year, 7 months ago
From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms
1 year, 8 months ago
Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago
EPFO fixes 8.15% interest rate on provident fund
1 year, 8 months ago
EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23
1 year, 8 months ago
EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

Discover Related