As the deadline set by the Supreme Court for submitting joint options of employees and employers to claim higher Provident Fund pension is ending on March 4, the Union Labour Ministry has sent a letter to the Employees’ Provident Fund Organisation (EPFO) asking it to expedite the process so that those who want to claim higher pension […]
Labour Ministry asks EPFO to speed up work on higher pension Read More »
Subscribers of the Employees’ Provident Fund, who had not opted for higher pension under an earlier window, have been provided another option now. In compliance with the Supreme Court’s November 4, 2022, order, the Employees’ Provident Fund Organisation (EPFO) Monday issued instructions to all its regional and zonal offices on the manner in which employees should
After days of discussions, the Employees’ Provident Fund Organisation (EPFO) has issued a circular on Monday to its regional offices with a set of instructions to implement the November 4 judgment of the Supreme Court on higher provident fund (PF) pension. It lists the procedures and required documents for existing employees and for those who retired after
EPFO Issues Guidelines for Employees, Pensioners To Opt For Higher Pension Read More »
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
employees can opt for EPS enhanced pension coverage within 4 months Read More »
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
EPFO clarifies on EDLI pension scheme, says member on LWP is eligible for death benefit Read More »
The Employees’ Provident Fund Organisation (EPFO) is looking to empanel law companies to provide legal opinion and associated services as defined in scope of the work of EPFO. The proposal to elicit response from the interested law firms was issued last month and the process is slated to commence by November 14. The statutory body
Why Is EPFO Hiring Law Firms? Read More »
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
EPFO moving towards automation; set to rationalise workforce for efficiency Read More »
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
PF: Benefits of Pension, EDLI Calculator & How To File E-Nomination Read More »
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
EPFO Adds 14.12 Lakh Net Subscribers In February, 2022 Read More »
