EPF Pension Increase & Reforming Calculation Formula Are you concerned about your financial security during retirement? If so, you're not alone. Many individuals rely on their pensions as a source of income in their golden years. In recent years, … [Read more...]
Payment of advance against the Productivity Linked Bonus for EPFO Employees 2023
Advance Payment for EPFO Employees' 2022-23 Bonus The advance payment of the Productivity Linked Bonus for EPFO Employees for the year 2022-23 has been authorized, providing financial support and recognition for their hard work and dedication. This … [Read more...]
Grant of Pay Structure in PB-2 | Fixation of Pay Clarification – EPFO
Clarification on Fixation of Pay for PB-2 Grade Pay of Rs.4600 - EPFO On June 13, 2023, EPFO provided clarification on the issue of pay structure for posts that were granted a normal replacement pay structure of Grade Pay Rs. 4200 in PB-2 but have … [Read more...]
Reduction in PF Contribution
Reduction in PF Contribution - Get the Details With a view to bring contribution under Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 to be paid by employer and employee at par with other savings instruments like the … [Read more...]
Productivity Linked Bonus Order for EPFO Employees
PLB Order for EPFO Employees The Employees’ Provident Fund Organization recently issued orders stating that eligible Group C and Group B (Non-gazetted) employees will receive a 60-day Productivity Linked Bonus. This bonus is a reward for their hard … [Read more...]
EPF Interest Rate 8.15% – CBT
The Central Board proposed an annual interest rate of 8.15% to be added to the EPF balances of members for the financial year 2022-23. Once approved by the Ministry of Finance, the interest rate will be officially published in the government gazette, … [Read more...]
New Option for Higher Pension by EPF Pensioners
EPF Pensioners now have a new option for a higher pension, as per the directions of the Hon’ble Supreme Court judgment dated 04.11.2022. The number of beneficiaries will depend on eligible employees exercising a joint option. Pension payout quantum … [Read more...]
Clarification on Traveling Allowance During Disciplinary Proceedings – EPFO
Clarification regarding grant of Travelling Allowance, etc., to various persons during disciplinary proceedings: EPFO Also Read | Travelling Allowance as per 7th CPC EPFO, HEAD OFFICE MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA BHAVISHYA … [Read more...]
Minimum Pension under Employees Pension Scheme (EPS)
Minimum Pension Under Employees’ Pension Scheme (EPS) 1995 The Government had, for the first time, provided a minimum pension of Rs.1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 from 01.09.2014 by providing additional … [Read more...]
Release of Death Relief Fund in COVID-19 deaths on the basis of the undertaking of eligible beneficiaries
Ex-gratia amount of Rs. 10 Lakh shall be granted to the family member /legal heirs / dependent in case of unfortunate death of an employee of EPFO due to Covid-19 Employees Provident Fund Organisation Ministry of Labour & Employment, Government … [Read more...]