Eligible Service under Employees pension Scheme – EPFO issues Notification to amend Employees Pension Scheme 1995 EPFO has issued a letter regarding Amendments to the Employees pension Scheme 1995 – Issue of Gazette Notification No.G.S.R.226(E) dated 26.03.2015 and G.S.R.227 (E) dated 26.03.2015 EMPLOYEES PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, … [Read more...] about Amendments to the Employees pension Scheme 1995
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EPFO - Employees Provident Fund Organisation
Measures for pension beneficiaries under EPF
GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA QUESTION NO 1966 ANSWERED ON 13.05.2015 Measures for pension beneficiaries under EPF 1966 Dr. Satyanarayan Jatiya Will the Minister of LABOUR AND EMPLOYMENT be pleased to state the measures taken by Government to meet the demands of pension beneficiaries under the Employees' … [Read more...] about Measures for pension beneficiaries under EPF
EPS pensioners assured of minimum pension of Rs. 1000 per month
EPS pensioners assured of minimum pension of Rs. 1000 per month Press Information Bureau, Government of India Ministry of Labour & Employment 12-May, 2015 EPS pensioners assured of minimum pension of Rs. 1000 per month EPFO settles 11.77 lakh claims in April 2015: 77% of EPF claims settled within 10 days. The Employees Provident Fund Organisation(EPFO) has … [Read more...] about EPS pensioners assured of minimum pension of Rs. 1000 per month
Central Government Allows 5% of PF Funds to be Invested in Share Market
Central Government Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed that 5% of the PF amount has been sanctioned for … [Read more...] about Central Government Allows 5% of PF Funds to be Invested in Share Market
Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995
Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for continuation of the minimum pension of Rs. 1,000/- per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond the financial year 2014-15 on perpetual basis. … [Read more...] about Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995
General Provident Fund Interest Rate 8.7% for 2015-16
General Provident Fund Interest Rate 8.7% for 2015-16 Government Decides to Fix Interest Rates at 8.7% for General Provident Fund(GPF) and other Similar Funds Including Special Deposit Scheme, 1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds for the Financial Year 2015-16 It was decided by the Government to link the … [Read more...] about General Provident Fund Interest Rate 8.7% for 2015-16
Increasing Pension Limits Under Employees Pension Scheme
Increasing Pension Limits Under Employees Pension Scheme Ministry of Labour & Employment 09-March, 2015 15:00 IST The Government is not considering to enhance the age limit for Employees Pension Scheme (EPS).The Pension implementation Committee (PIC) has recommended to increase the short service pension entitlement age from 50 years to 55 years. The proposal is under … [Read more...] about Increasing Pension Limits Under Employees Pension Scheme
NPS is more beneficial than EPF
NPS is more beneficial than EPF Is NPS better than EPF? The NPS is more complicated than EPF, but it may ensure a sufficient retirement kitty If there’s one investment option that has received generous tax breaks in the Budget, it is the National Pension System (NPS). In a watershed move, the Finance Minister has also announced that employees in the organised sector … [Read more...] about NPS is more beneficial than EPF
Employees Under the Employees Provident Fund(EPF) to be Provided two Options
Employees Under the Employees Provident Fund(EPF) to be Provided two Options The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, … [Read more...] about Employees Under the Employees Provident Fund(EPF) to be Provided two Options
EPFO Pension Scheme: Age Limit May Be Raised
EPFO Pension Scheme: Age Limit May Be Raised New Delhi: The Employees' Provident Fund Organisation's trustees in a meeting on Thursday will consider a proposal to raise the age limit from 58 to 60 years for vesting of pension under the Employees' Pension Scheme (EPS-95). At present, a formal sector worker covered under the EPS-95 can make contributions towards the pension … [Read more...] about EPFO Pension Scheme: Age Limit May Be Raised
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