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retirement

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

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 …

In accordance with the Supreme Court's directive, the Employees Provident Fund Organization has extended the deadline for applications for higher pensions by 60 days. Amit Gupta, MD, SAG Infotech said to provide a larger pension after retirement, a portion of an EPFO member's EPF corpus will be moved to the EPS scheme from the date of joining if the person …

Retirement

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO. EPFO issues guidelines for employees, pensioners to opt for higher pension In an office order, EPFO had provided for dealing with the ''Joint Option Form'' by field offices of the body. EPFO has …

Retirement fund body EPFO on Monday came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under Employees' Pension Scheme. EPFO has asked its field offices to provide an option for higher pension to eligible subscribers in accordance with the Supreme Court order. The apex court in its order gave four more months …

Retirement fund body Employees’ Provident Fund Organisation on Monday came out with a procedure to enable subscribers and their employers to jointly apply for higher pension under Employees’ Pension Scheme. The office in-charge of the concerned regional provident fund office shall examine each case of joint option on higher salary and intimate the decision to the applicant through e-mail/post and …

The Pension Payment Order is an important number for pensioners and those approaching retirement. The 12-digit PPO number is required at the time of applying for pension. Moreover, it's also important to include the PPO number at the time of filing the life certificate each year. "The first five digits of each PPO represent the PPO Issuing Authority's code number, …

Employees of private company may get pension after retirement | Checks EPFO norms

A pension after retirement gives great relief to elders. Employee’s Provident Fund Organization made provision of pension for private organization's employees under EPS. This scheme is for the pension of the employees working in the organized sector, after their retirement at 58 years. EPS pension was made available from 1995 and later retained for existing and newly joined EPF employees …

Retirement fund body Employees' Provident Fund Organisation has announced that Pensioners under the can submit their life certificates online at anytime of the year. In a tweet, the EPFO said,"EPS’95 Pensioners can now submit Life Certificate at any time which will be valid for 1 year from date of submission." The Employees’ Provident Fund Organization has facilitated multiple options for …

Retirement fund body Employees’ Provident Fund Organisation is toying with the idea of bringing out a new pension product for organised sector workers not covered under the Employees’ Pension Scheme, 1995. Public Provident Fund: PPF is a government-backed savings vehicle with quarterly fixed returns determined by the government. We showcase some of the key differences between NPS and PPF: National …