EPF Updates & Cases

employees can opt for EPS enhanced pension coverage within 4 months

Employees who have not yet opted for enhanced pension coverage prior to 2014 can now do the same jointly with their employers within the next four months. This comes after a Supreme Court order regarding the same upholding the Employees’ Pension (Amendment) Scheme, 2014.  On Friday, the apex court struck down the requirement in the …

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EPFO clarifies on EDLI pension scheme, says member on LWP is eligible for death benefit

The Employees’ Provident Fund Organisation (EPFO) has made it clear that a Provident Fund (PF) or an Employees’ Provident Fund (EPF) account holder is eligible for assured benefit under Employees Deposit Linked Insurance (EDLI) scheme, even when he is on leave without pay and its monthly EPF or PF contribution is not coming to its …

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EPFO moving towards automation; set to rationalise workforce for efficiency

The Employees Provident Fund Organisation (EPFO) is going to undertake an organisational restructuring through comprehensive rationalisation of its manpower and field offices. This is in keeping pace with the technological changes and evolving nature of social security in India. The statutory body — under the ministry of labour & employment — has issued a request for proposal …

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PF: Benefits of Pension, EDLI Calculator & How To File E-Nomination

There are several social security programs under the Employees’ Provident Fund Organisation (EPFO). EPFO has introduced a new initiative to facilitate Member Pensioner & Nominee /family members (in case of EDLI benefit) to calculate the eligible Pension & EDLI benefits. The Employees’ Provident Fund Organisation has recently shared a tweet saying from the official Twitter handle saying, “Benefits of …

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EPFO Adds 14.12 Lakh Net Subscribers In February, 2022

Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi lead in payroll figures by adding 9.52 lakh net subscribers. Industries like Engineering Contractors, Automobile Servicing, Building & Construction industry show growing trend in net payroll addition. Age-group of 18-25 years constitutes around 45% of total net enrolments during the month. The provisional payroll data of EPFO released …

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EPFO Payroll Data: EPFO Adds 15.29 Lakh Net Subscribers During Month of January, 2022

The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January, 2022 as compared to the net additions during the previous month of December, 2021. …

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EPFO Mulls A New Pension Scheme For Organised Sector Workers

Retirement fund body EPFO is mulling a new pension product for organised sector workers who are getting basic wages of more than ₹15,000 per month and are not mandatorily covered under its Employees’ Pension Scheme 1995 (EPS-95). At present, all those employees in the organised sector whose basic wage (basic pay plus dearness allowance) is up to ₹15,000 per month at the …

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Portal Issues Hit E-Nomination; EPFO Says Amid High User Visits

The mandatory process for updating nominee details for subscribers of Employees’ Provident Fund Organisation (EPFO) is facing issues with users reporting glitches in the registration process on the portal. Many have reported issues ranging from the portal showing error, inability to complete the e-sign process and server issues over the last month. The e-nomination registration …

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