The pilot run of the proposed Centralised Pension Payments System under the employees’ pension scheme of the Employees Provident Fund Organisation is successful, the Union Labour Ministry said on Friday, November 8, 2024. The new system, to be implemented nationwide by January 2025, will help more than 78 lakh EPS pensioners to receive their pension from any bank, any branch, …
The Union Labour Ministry has cleared a proposal for Centralised Pension Payment System for about 78 lakh pensioners under the Employees’ Pension Scheme, 1995. Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, Employees Provident Fund Organisation, Mansukh Mandaviya, said the approval of the CPPS marks a significant milestone in modernisation of the EPFO. “By enabling pensioners …
New Delhi: Pensioners under Employees' Pension Scheme 1995 run by retirement fund body EPFO will be able to get a pension from any bank or branch across India from January, Labour Minister Mansukh Mandaviya said on Wednesday. Mandaviya, who is also the chairperson of EPFO's apex decision-making body Central Board of Trustees, has approved the proposal for a Centralized Pension …
