EPFO extends deadline for submitting Aadhaar to June 30
Government contributes 1.16 per cent of the basic wages as a subsidy to every member Employees Pension Scheme Account in addition to 8.33 per cent deposited by their employers every month.
EPFO likely to retain interest rate at 8.55% for FY19
"The interest rate would be retained at 8.55 per cent for the current fiscal as provide...
SC ruling on higher pension from EPFO may pave way for you to become EPS member
Going forward, the pension may be calculated on the basis of ...
4 ways to link PF account with Aadhaar
As per the unified portal of EPFO, if you wish to file an online claim for your EPF, then you have to mandatorily link your UAN with Aadhaar.
EPFO reduces claim settlement period to 10 days
In July 2015, the EPFO had reduced the timeline for settling various claims to 20 day to improve the service delivery for its over four crore subscribers.
Now EPFO to make all payments to members electronically
It was provided in the schemes run by the EPFO that the body can make payments to its subscribers through various modes like money order, cheques or electronically.
EPFO enrols 82 lakh under Employees' Enrolment Campaign 2017
Under the scheme, the employers got the opportunity to file the declaration of unregistered employees under the EPFO Act, with a nominal fine of Re 1 per annum on account of damages.
EPFO advisory body to vet stock exposure hike proposal
In view of the volatile nature of stock markets, the EPFO had then decided to start with investing just 5 per cent of its over Rs 1 lakh crore investible amount in ETFs.
Bonanza likely for Employees’ Pension Scheme pensioners
Such a move would benefit at least 4 million people and cost the Centre a minimum Rs 3,000 crore annually if implemented, the person said.
Stopped working before completing 5 years? Your EPF could be taxable
The taxation is triggered in the year of withdrawal; however, the tax is computed as per the mechanism laid down in Rule 9 of the Fourth Schedule to the Act.
EPFO to now invest Rs 3,000 crore in AA+ rated corporate bonds
According to investment norms followed by the EPFO, the body can invest 10 per cent of its investible deposits in the corporate bonds with rating of at least AAA.
EPFO gives nod to hike in stock investment to 15 per cent
"Seeing the rate of return during the meeting of the CBT, we have increased the investment into ETFs to 15 per cent, from the existing 10 per cent," said Dattatreya.
Contractual workers of ECHS to be brought under EPFO net
"Ministry of Defence has issued necessary directions to the ECHS for enrolling their contractual staff," it added.
Parliamentary Panel asks government to review employees pension scheme
The Parliamentary Standing Committee on Labour in its 34th report tabled in Parliament said that it firmly believes that Rs 1,000 is way too meagre.
Finance Ministry ratifies 8.65% interest on EPF for 2018-19
Earlier in February, the Central Board of Trustees had decided to raise the interest rate on EPF to 8.65 per cent for 2018-19.
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