The Economic Times
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| 27 September, 2020, 02:09 AM IST | E-Paper
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    EPFO pensioners to get pension calculation statement: Move aimed at reducing grievances

    This would lead to greater transparency and enable the pensioners to detect errors in calculation, if any and get them corrected faster.

    EPFO pensioners can give digital life certificates till March 31

    Earlier in January, EPFO had decided to extend the date of submission through Jeevan Pramaan Patra programme to February 28.

    EPFO pensioners can give digital life certificate till February 28

    Earlier in November last year, the EPFO had decided to extend the last date for submission of life certificate till January 15, 2017.

    Last date for EPFO pensioners to submit life certificates is January 15

    As per the practice, EPFO pensioners are required to submit their life certificate by November, failing which their pension is stopped.

    Row as EPFO denies higher pension to all

    After the SC order, the EPFO agreed to give pension on full salary to all the members. But later, it decided to give benefit to Un-Exempt Organisations only.

    EPFO directs field offices to settle pension on retirement day: Bandaru Dattatreya

    In June 2014, the government had decided to give pension payment order to an employee on the day of retirement itself with the aim to ensure a life of dignity for pensioners.

    Age limit under EPFO pension scheme may be raised to 60

    At present, a formal sector worker covered under the EPS-95 can make contributions towards pension scheme till the age of 58 years.

    EPFO disburses Rs 868 crore of pension along with Rs 105 crore arrears for commutation

    The government, had, in February this year notified the restoration of full pension after 15 years of retirement for pensioners who have commuted part of their pension at the time of retirement.

    Govt notifies higher pension for 6.3 lakh EPS pensioners who opted for commutation

    As per EPS rules, an EPFO member who retired before Sept 26, 2008, could get maximum one-third of his/her pension as lump-sum i.e. commuted pension and remaining two-thirds was paid as monthly pension to an employee for his/her lifetime.

    Does pension from EPFO qualify for standard deduction?

    "The pension received from EPFO is taxable under the head salary and it will qualify for the standard deduction. "

    Will go public in next 15-18 months, says SBI Mutual Fund CEO

    Ashwani Bhatia of SBI Mutual Fund, says the ongoing market rally is very concentrated, but that does not make the role of active fund managers any less meaningful.

    EPFO may give subscribers option to increase stock investments in new year

    The EPFO is developing a software that will show savings in cash and ETF components separately.

    EPFO to discuss making EPF optional for apparel workers

    Earlier last year in June, the Centre has brought a package for the textile and apparel sector which was later extended to made-ups also in December 2016.

    Posts offices can do employment registration, issue digital life certificates

    Bandaru Dattatreya said the NDA government at Centre was determined to provide employment for as many as five crore youths by 2020.

    EPFO joins CSC network; pensioners can now submit digital life certificates via CSC networking points

    The move will also help pensioners living in remote areas who now don't have to travel to the EPF offices or banks to file paper-based life certificate.

    EPFO mulls medical benefits for its pensioners

    It was suggested that the surplus in Employees' Deposit Linked Insurance scheme could be used for extending medical benefits through ESIC.

    EPFO defers decision to hike investments in ETFs to 15%

    EPFO's trustees today deferred the discussion on the proposal to increase investments in ETFs to 15%, from the current 10% of investible deposits, in 2017-18.

    EPFO extends deadline for submitting Aadhaar till March 31

    EPFO had made mandatory for subscribers to submit the number for continuing the benefits under its scheme earlier in January.

    EPFO considering minimum pension of Rs 1,000

    Subscribers of the retirement fund body EPFO may soon get a minimum monthly pension of Rs 1,000 after superannuation, if a proposal in this regard is cleared by the Finance Ministry.

    BJP plans Rs 2 lakh crore construction projects in UP ahead of polls

    "The special road package is part of government’s drive to draw up a list of projects that will make a visible impact on the ground," said Gadkari.

    Employees' Provident Fund Organisation may allow pledging PF contributions to buy low-cost house

    There will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment

    EPFO launches online PF transfer facility for PF trusts

    Provident fund accounts with privately held PF trusts can now be transferred online to accounts maintained by the retirement fund body EPFO.

    Time to bond with the best and expand debt market

    World over firms have relied on bond sales to fund projects. India has been an exception.

    D V Sadananda Gowda launches Rs 1000 minimum monthly pension scheme in Gujarat

    On the occasion, Gowda mentioned various public welfare initiatives taken by the Prime Minister Narendra Modi-led Central government.

    RCAM's assets under management rises by Rs 7,000 cr in April-June

    RCAM said its AUM have increased by Rs 7,000 crore in the April-June period 2013, taking the total to Rs 1.80 lakh crore.

    Unions fume over suspension of Rs1,000 minimum monthly pension

    "Prime Minister Narendra Modi has himself announced the Rs 1000 minimum monthly pension.

    Decision fixing minimum pension to Rs 1,000 for EPF to be considered: Govt

    Government said a decision on fixing the minimum pension amount to Rs 1,000 per month for its EPF subscribers will be considered.

    Hike contribution to ensure Rs 1,000 minimum pension: EPFO to Government

    In the present scenario, Central Government contributes 1.16 per cent of workers' basic wages (basic pay plus dearness allowance), towards EPS-95 fund.

    10-year benchmark expected to stay range bound

    It is the start of the new fortnight, and therefore, call markets should remain easy. Quarter end government spending is expected to keep liquidity in check.

    Employees, employers differ on Rs 1,000 pension in EPF scheme

    "We have decided to form a committee to suggest modalities for implementing the proposal. The committee will give its report within a month," Mallikarjun Kharge said.

    EPFO defers decision on fixing minimum pension at Rs 1,000

    Retirement fund body EPFO today deferred a decision on raising the minimum monthly pension to Rs 1,000 for its subscribes.

    EPFO may fix minimum pension at Rs 1,000 per month tomorrow

    Retirement fund body EPFO could take a final call on fixing the minimum pension for its subscribers at Rs 1,000 per month.

    EPFO may fix minimum pension at Rs 1,000 at Feb 22 meeting

    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.

    EPFO may fix minimum pension for members at Rs 1,000 per month

    The hike in contribution will be over-and-above the 8.33 per cent contributed by employers toward the pension account of employees.

    EPFO to use Aadhaar-based cash transfers in 43 districts by December 31

    In a directive, labour ministry has told EPFO to embed the Aadhaar number in bank accounts of beneficiaries in 43 districts by Dec 31.

    PFRDA may ask govt to share NPS costs

    The pensions regulator may ask the government to partly meet the account maintenance costs of its recently-launched new pension system (NPS) aimed mainly at the country’s poor.

    Sec 88 investments may be taxed at the end of term

    A change in the taxation structure on savings instruments could well benefit investors in the short and medium term, but could hurt in the long run.

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