News Muncher - searching for pension

1 week, 1 day ago

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?

Over 1.7 million Employees' Provident Fund Organisation members have opted for higher pensions under the Employees’ Pension Scheme, following the Supreme Court’s landmark ruling in November 2022. This ruling has brought significant relief for eligible employees, allowing them to contribute to the scheme based on their actual basic salaries instead of the fixed threshold of Rs 15,000 per month. Under …

Pension Employees Scheme Epfo Eps

3 weeks ago

EPF Vs EPS: Which One Secures Your Financial Future Better?

ABP News

EPF Vs EPS: In a bid to secure the financial future of employees, India offers two major retirement schemes: the Employees' Provident Fund and the Employee Pension Scheme. Upon retirement, employees receive a lump sum, ensuring financial stability in their later years. While EPF ensures savings, EPS guarantees regular monthly income post-retirement to eligible employees. Key Differences Between EPF and …

Retirement Employees Epf Eps

3 weeks, 1 day ago

Can you withdraw the pension share from your EPF?

Live Mint

If you're an employee contributing to the provident fund, your employer might be allocating a portion of it each month to the employee pension scheme. After an amendment on 1 September 2014, new member employees earning a basic pay of more than ₹15,000 per month cannot be a part of the pension scheme. View Full Image Mint To be sure, …

Salary Pension Service Share Month Contribution Singh

1 month, 1 week ago

Jeevan Pramaan Patra: Should 78 lakh EPS pensioners submit annual digital life certificate before November 30

Live Mint

India’s Department of Pension & Pensioners' Welfare has launched Digital Life Certificate Campaign 3.0. The initiative, known as “Jeevan Pramaan,” aims to make it easier for over 78 lakh Employees’ Provident Fund Organisation pensioners to submit life certificates online, removing the need for physical visits to banks. According to a June 8, 2024 Press Information Bureau release, the digital submission …

Pensioners App Jeevan Pramaan Certificate Face Submit Life Pramaan

1 month, 2 weeks ago

Trial run of centralised PF pension system is successful, says Centre

The Hindu

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, …

Pension Pensioners Epfo Eps Cpps System

3 months, 1 week ago

EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth

The Hindu

A Bengaluru-based body of pensioners under the Employees’ Pension Scheme -1995 of the Employees’ Provident Fund Organisation has renewed its call for calculating the value of pension wealth under the Scheme on the lines of the National Pension System and fixing 8% rate of interest to the Pension Scheme. In a response to an item appeared in FAQ columns on …

Scheme Nps Pension Wealth Eps Pension

6 months, 1 week ago

EPS rule for calculating lump sum withdrawal amount on early exit changed

Hindustan Times

The Ministry of Labour and Employment issued two notifications amending the rules under the Employees' Pension Scheme, with one of the notifications dealing with the lumpsum payment from the EPS scheme when a member quits before completion of 10 years, the Economic Times wrote. Lumpsum withdrawal The notification has revised 'Table D' which is used to calculate the lumpsum payment …

Pension Service Table Gupta Scheme 10 Years Sum

10 months ago

Punish ‘anti-people’ DMK, ‘betrayer’ EPS in Lok Sabha polls, says T.T.V. Dhinakaran

The Hindu

The people of Tamil Nadu should severely punish the “anti-people” DMK government and trounce the Edappadi K. Palaniswami-led AIADMK, which have come to a “secret understanding” for personal gains, in the upcoming Parliamentary elections, AMMK general secretary T.T.V. Addressing a public meeting organised in Palayamkottai here on Wednesday night, Mr. Dhinakaran said the Stalin-led DMK came to power as the …

Dmk Palaniswami Dhinakaran

10 months, 3 weeks ago

EPS subscribers with multiple accounts: Know the latest rules here

Live Mint

The EPFO has recently issued a circular with regards to regulating EPS entitlement of members having multiple accounts. The circular states that whenever an EPS member possesses multiple account numbers for a number of employment, these are the rules which will come into force: 1. Aggregate pension: Pension payable from all establishments will be aggregated provided that aggregate of pensionable …

Pension Wage Member Eps Establishment Wage Ceiling

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 …

Supreme Court Court Pension Higher Epfo Getting Eps

1 year, 6 months ago

Deadline for Higher EPS pension on June 26. Here's how to calculate the amount

Hindustan Times

Around 10 days remain for those who wish to participate in the Employees' Pension Scheme's Higher Pension Scheme, which permits eligible individuals to earn a higher pension amount depending on specified conditions. Calculation of Higher Pension for pre-September 2014 retirees: To determine the pension amount, the average monthly pay earned during the contributory period of service in the 12 months …

Pension Higher Eps Epf Higher Pension 60 Months

1 year, 6 months ago

EPFO eases higher pension rules: Formula for calculation, list of documents

Live Mint

Only twelve days window left for employees to apply for higher EPS pension. Formula for calculating higher pension for those who retired prior to 1 September 2014 The pension shall be calculated based on the average monthly pay drawn during the contributory period of service in the span of 12 months preceding the date of exit from the membership of …

Date Epfo Formula Employer Eps Higher Wages Higher Pension

1 year, 6 months ago

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO

Hindustan Times

The joint applications for higher pensions under the Employees' Pension Scheme will have to be scrutinised within 20 days of receipt, the Employees' Provident Fund Organisation has directed its field officers. “Hence, it is reiterated that each Applications for Validation of Joint Option/Joint Option shall be scrutinized expeditiously and it shall be ensured that Demand Letter to Employer/Communication to Employer …

Pension Higher Epfo Joint Eps Option 20 Days

1 year, 7 months ago

How to get a higher pension in current EPFO ruling explained

Live Mint

The Employees' Provident Fund Organisation has come up with a procedure for a contribution towards higher EPS pension. According to the labour ministry, the additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pensions will be managed from employers' contributions. Employees Pension Scheme calculation At present, the government pays 1.16 per cent of basic wages …

Cent Higher Opt Epfo Eps Higher Pension Basic Wages

1 year, 7 months ago

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP

The Hindu

The demand to provide an opportunity to those pensioners who came under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation and retired prior to September 1, 2014, without exercising the joint option to avail themselves of higher PF pensions, has been renewed by John Brittas, Member of Parliament from Kerala. In a seven-page letter sent to the Union …

Pension Employees Epfo Retirees Eps Option Epf

1 year, 7 months ago

EPFO extends deadline to apply for higher pension till June 26

Live Mint

Retirement fund body EPFO on Tuesday extended the deadline to apply for higher pension till June 26. EPFO has made arrangements for obtaining applications for the validation of option / joint option from pensioners / members as per the Hon’ble Supreme Court order dated 4 November 2022. Earlier, the Supreme Court in its order on November 4, 2022 had mandated …

Supreme Court Court Pension Order Higher Epfo Joint

1 year, 7 months ago

3 May is the deadline for higher EPFO pension: Should you opt for it?

Firstpost

Tomorrow is the last day to apply for a higher pension under the Employees’ Pension Scheme. Experts say employees must consider a variety of factors including their own finances, the pension they are likely to receive and the EPF sum they are giving up before taking such a call Wednesday is the last day employees can choose a higher pension …

Salary Court Pension Employees Employee Scheme Opt

1 year, 7 months ago

Higher pension from EPFO: Deadline, Eligibility, interest rate and other details

Live Mint

With just less than a week left for individuals to apply for higher pensions under the Employees' Pension Scheme, the Employees’ Provident Fund Organisation has issued new details for scrutiny of information and wage details submitted by the employee and employer for higher pension. Confusion over EPFO note on higher pension As per Amit Gupta, MD, SAG Infotech, EPFO in …

Pension Submit Higher Details Wage Employer One Month

1 year, 8 months ago

EPFO addresses concerns over higher pension under EPS in its official circular

Firstpost

The Employees’ Provident Fund Organisation has released a circular addressing concerns raised by employees and pensioners when applying for higher pension under the Employees’ Pension Scheme. The EPFO extended the deadline for submitting the joint application form for higher pension from the Employees’ Pension Scheme to 3 May, which was originally set for 3 March, 2023. The notification provides clarification …

Information Pension Employees Application Form Epfo Joint

1 year, 8 months ago

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms

News 18

The Employees’ Provident Fund Organisation is a statutory body that manages the Employees’ Provident Fund and other schemes related to the welfare of an employee. We have listed down a few types of EPFO forms that employees must have information about: –Form 19: This form is used to withdraw the EPF balance after leaving the job. The employer is required …

Balance Employees Fund Submit Form Epfo Employer

1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

Pension Employees Higher Epfo Eps Epf Higher Pension

1 year, 8 months ago

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha

The Hindu

A “significant drop” has been achieved in the actuarial deficit of the Employees’ Pension Fund, according to the Central government. This has become possible thanks to improvement in the quality of data in respect of members of the Employees’ Pension Scheme, 1995 and amendments carried out based on recommendations of the actuarial valuation report, and suggestions of the Union Finance …

Pension Rajya Sabha Eps Valuation Epf

1 year, 9 months ago

Calcutta High Court Issues Direction On Pension Scheme Further To Supreme Court’s Guidelines In EPF Pension Case

Live Law

The Calcutta High Court has directed that writ petitioners, who were in service as on 01.09.2014 and were also members of the Employees’ Pension Scheme 1995 shall be entitled to exercise option which shall cover the pre-amended paragraph 11 as also paragraph 11 of EPS 1995. The single bench of Justice Raja Basu Chowdhury directed Indian Oil Corporation Limited to …

Supreme Court 2018 Court Pension Employees Fund Scheme

1 year, 9 months ago

EPFO Extends Deadline to Opt for Higher Pension for Members Retired in Sep 2014

News 18

All eligible pensioners under the Employees’ Pension Scheme 1995 who retired before September 2014 can apply to opt for a higher pension by May 3 this year. On Monday, Parliament was informed that the deadline for eligible pensioners under the Employees Pension Scheme 1995, who retired before September 2014, to opt for higher pension ended on March 3 this year. …

Pension Employees Options Higher Opt Epfo Joint

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Articles for Eps, search results for pension

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?

EPF Vs EPS: Which One Secures Your Financial Future Better?

Can you withdraw the pension share from your EPF?

Jeevan Pramaan Patra: Should 78 lakh EPS pensioners submit annual digital life certificate before November 30

Trial run of centralised PF pension system is successful, says Centre

EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth

EPS rule for calculating lump sum withdrawal amount on early exit changed

Punish ‘anti-people’ DMK, ‘betrayer’ EPS in Lok Sabha polls, says T.T.V. Dhinakaran

EPS subscribers with multiple accounts: Know the latest rules here

The woes of pensioners and PF members

Deadline for Higher EPS pension on June 26. Here's how to calculate the amount

EPFO eases higher pension rules: Formula for calculation, list of documents

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO

How to get a higher pension in current EPFO ruling explained

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP

EPFO extends deadline to apply for higher pension till June 26

3 May is the deadline for higher EPFO pension: Should you opt for it?

Higher pension from EPFO: Deadline, Eligibility, interest rate and other details

EPFO addresses concerns over higher pension under EPS in its official circular

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms

Minister clears the air over clause restricting persons opting for higher PF pension

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha

Calcutta High Court Issues Direction On Pension Scheme Further To Supreme Court’s Guidelines In EPF Pension Case

EPFO Extends Deadline to Opt for Higher Pension for Members Retired in Sep 2014