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

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

India Today  

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
EPF Vs EPS: Which One Secures Your Financial Future Better?
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
Jeevan Pramaan Patra: Should 78 lakh EPS pensioners submit annual digital life certificate before November 30
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
Trial run of centralised PF pension system is successful, says Centre
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
EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth
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
EPS subscribers with multiple accounts: Know the latest rules here
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
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 …

Supreme Court Court Pension Higher Epfo Getting Eps
Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO
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
How to get a higher pension in current EPFO ruling explained
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
Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP
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
EPFO addresses concerns over higher pension under EPS in its official circular
1 year, 7 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
From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms
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
Minister clears the air over clause restricting persons opting for higher PF pension
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
’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha
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
Calcutta High Court Issues Direction On Pension Scheme Further To Supreme Court’s Guidelines In EPF Pension Case
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
Reprieve for EPS subscribers retired before September 1, 2014
1 year, 9 months ago

Reprieve for EPS subscribers retired before September 1, 2014

The Hindu  

Following demands from various employees’ and employers’ associations, Union Labour Minister Bhupender Yadav on March 13 extended the time for submitting applications for validation of joint options for higher Provident Fund pension for employees retired before September 1, 2014, till May 3, 2023. The Ministry had earlier extended the date of submission of joint options for Employees Pension Scheme subscribers …

Joint Options Employees Retired
All you need to know about EPF higher pension scheme
1 year, 9 months ago

All you need to know about EPF higher pension scheme

Hindustan Times  

The Employees Provident Fund Organisation has issued new guidelines under which subscribers and employers can jointly apply for a higher pension under the Employees' Pension Scheme. How to apply for a higher pension on the EPF portal: - Visit EPFO Unified Member portal - Select "Pension on higher salary: Exercise of joint option on or before May 3, 2023" - …

Pension Employees Higher Epfo Joint Eps Option
Is the higher pension scheme worth it? All you need to know
1 year, 9 months ago

Is the higher pension scheme worth it? All you need to know

India Today  

The Employees Provident Fund Organisation has announced a new set of guidelines for employees who want to increase their pension. EPF HIGHER PENSION: NEW GUIDELINES A disclaimer should be included in the joint option/higher pension claim application. EPF HIGHER PENSION: DOCUMENTS REQUIRED The following papers should be supplied with the higher pension claim application: Evidence of a joint option is …

Pension Contribution Employee Higher Epfo Joint Eps
EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

India TV News  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The deadline accordingly should have been around March 3, 2023, but EPFO only last week came out with the procedure for opting for higher pension under the Employees' Pension Scheme. Last week, EPFO came out with a procedure to …

Salary Supreme Court Court Pension Employees Cent Higher
EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

Deccan Chronicle  

New Delhi: The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per …

Salary Supreme Court Court Pension Employees Cent Higher
EPFO sets deadline for subscribers to opt for higher pension set as May 3
1 year, 9 months ago

EPFO sets deadline for subscribers to opt for higher pension set as May 3

Hindustan Times  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of …

Salary Supreme Court Court Pension Employees Cent Higher
EPFO Update: Know How To Get Higher Pension Under EPS. Check Guidelines & Eligibility Here
1 year, 10 months ago

EPFO Update: Know How To Get Higher Pension Under EPS. Check Guidelines & Eligibility Here

ABP News  

EPFO Update : Employees Provident Fund Organisation has opened a new window for subscribers who couldn’t opt for higher pensions earlier through guidelines issued on Monday. EPFO Update : Check the guidelines to be followed for applying for a higher pension The request will be made in such form and manner, as may be decided by the Regional Provident Fund …

Supreme Court Pension Employees Provident Fund Fund Higher Epfo
EPFO issues guidelines to let subscribers opt for higher pension. Check details
1 year, 10 months ago

EPFO issues guidelines to let subscribers opt for higher pension. Check details

Hindustan Times  

The Employees Provident Fund Organisation has introduced new guidelines, under which subscribers and employers can jointly apply for higher pension under Employees' Pension Scheme. According to HT's sister website Mint, EPFO has now allowed subscribers to go beyond the pensionable salary, capped at ₹15,000 per month. The same amendment also allowed members and their employers to jointly contribute 8.33% of …

Pension Epfo Eps Higher Pension
Latest EPFO circular raises further concerns
1 year, 10 months ago

Latest EPFO circular raises further concerns

The Hindu  

The Employees’ Provident Fund Organisation’s February 20, 2023 circular, laying down the broad contours of eligibility for those members of the Employees’ Pension Scheme who were in service as on September 1, 2014 for seeking higher pension, has raised further concerns from activists. Namazi, former Chief Law Officer of the Karnataka State Road Transport Corporation and now the general secretary …

Epfo Eps