pension

Supreme Court: Divorced Daughter Is Eligible For Pension

The Supreme Court has ruled that a divorced daughter is entitled to dependent family pension on a par with an unmarried daughter, dismissing the central government’s appeal challenging a Punjab and Haryana High Court judgment. An apex court bench of Justices Sanjay Kishan Kaul and Krishan Murari refused to interfere with a July 29, 2016, …

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EPFO to disburse restored pension from This month

NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) will start giving out full pensions from May to those who opted for commutation at the time of retirement. Commutation is an option given to pensioners to convert a part of their monthly pension into an upfront lumpsum payment at the time of retirement. The full pension is restored after some time, …

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EPFO directs field offices to timely credit pension to 65 lakh EPS beneficiaries

Retirement fund body EPFO on Monday said it has issued directions for timely credit of monthly pension to over 65 lakh employees’ pension scheme (EPS) beneficiaries amid the coronavirus outbreak. The Employees’ Provident Fund Organisation (EPFO) disburses monthly pension to over 65 lakh pensioners every month under the EPS. “Due to the coronavirus pandemic, lockdown …

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6.3 lakh pensioners to benefit from restoration of pension commutation by Labour Ministry

The labour ministry has implemented retirement fund body EPFO’s decision to restore pension commutation under the Employees’ Pension Scheme, a move that will benefit 6.3 lakh pensioners. Pension commutation refers to part-withdrawal of fund in advance by a subscriber, who then gets reduced pension amount for 15 years. With the ministry’s latest decision, such pensioners would receive …

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