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 ...

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 ...

are receiving demand notices forcing future beneficiaries to transfer their portion of arrears. Will higher EPS pension dream collapse due to EPFO's new calculation rules? When an employee chooses ...

The Supreme Court had given 120 days in November to opt for the higher pension, and the deadline for this will expire next month As the Employees Provident Fund Organisation (EPFO) introduced ...

New Delhi, Jan 29: Retirement fund body EPFO is likely to fix the minimum pension for its subscribers at Rs 1,000 per month at the scheduled meeting the Central Board of Trustees (CBT) on February 22.

There has been a long-standing demand to increase the minimum pension under the Employees’ Provident Fund Organisation (EPFO) for private sector employees. In September 2014, the Centre had last ...

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%.

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 ...

The EPFO Central Board of Trustees (CBT), the apex decision-making body of the retirement fund body, will meet today to decide the interest rate for the financial year 2024-25. It is expected that ...

The EC formally adopted the Unified Pension Scheme (UPS) for EPFO officers and staff, aligning with the Ministry of Finance's recent gazette notification. Effective April 1, 2025, this scheme will ...

PETALING JAYA: A hybrid scheme, which combines the Employees Provident Fund (EPF) and the civil service pension scheme, would be the way to go, says an economic expert. Prof Datuk Dr Nik Maheran ...