The Employees Provident Fund Organisation fears that it may have to spend ₹1,86,920 crore to pay just 50% of the total applicants for a higher pension. In a note circulated to the Central Board ...

In India, the Employees' Pension Scheme (EPS) run by the Employees' Provident Fund Organisation (EPFO) is a scheme that provides regular income to organised sector employees after retirement.

EPFO Minimum Pension Hike: As per media reports, the Employees' Provident Fund Organisation (EPFO) is expected to keep the EPF interest rate between 8% to 8.25% for the financial year 2024-25.

The EPFO calculates the pension amount on a pro-rata basis, splitting the service period into pre and post 1 September 2014 periods. The methadology can reduce a person's pension by up to 30%.

Dawra also announced major pension reforms, stating that EPFO’s 78 lakh pensioners will now receive benefits through a centralized pension system, allowing them to access their pensions from any ...

This way, your new employer will transfer EPF contributions to the same account. Also, your total service period from your previous job will be added to your new job. So, you won’t have to complete 10 ...

Trending Photos New Delhi: The Employees Provident Fund Organisation (EPFO) has completed the processing of 70 per cent of applications received under Pension on Higher Wages (PoHW) and aims to ...

Speaking on the initiative exclusively with ANI, Dawra said EPFO currently has around 7.5 crore active members who maintain their PF accounts and contribute towards their pension. "We have ...

With assured pension security for government employees, private sector employees covered under the Employees’ Provident Fund Organisation (EPFO) are now urging the government to increase their ...

The workers’ representatives have been seeking clarifications on the EPFO’s decision to compute the higher pension on a pro-rata basis. The EPFO, in a recent circular to its regional offices ...

EPFO pensioners in Nashik demonstrated outside the local office in Satpur, demanding an increase in their meager Rs1,000 pension to Rs9,000. They also called for additional support, such as ...

Association also remarked that Employees’ Pension Scheme (EPS) covers around 75 lakh pensioners. The association said that the government has overlooked in the newly announced UPS that will benefit 23 ...