EPF organization working in favor of employees, with the EPFO announcing the final extension of the deadline for the activation of UAN, and the linking of Aadhaar with bank accounts, up to June 30, 2025. There were now pending concerns regarding incomplete KYC compliance by both employees and employers for activities like withdrawal, claim processing, … Read more
In a wonderful development that goes into the good books of the private sector employees in India, the EPFO approved a minimum monthly pension of ₹3,000 from the year 2025. It is trying to support lakhs of workers who are covered under the EPF scheme but who receive marginal pension after their retirement. Who Is … Read more
This amendment is a game-changer for lakhs of salaried employees across India, as the Employees’ Provident Fund Organisation (EPFO), in a goodwill gesture, has introduced certain relaxations with regard to the working of Provident Fund transfer process. From now on, PF transfer requests shall not be rejected on account of overlapping service from two employers—an … Read more
In another landmark decision, the government has granted approval for a major increase of EPS pension to ₹7,000 per month effective from 2025. This long-awaited move gives some relief to lakhs of retired workers under the Employee Provident Fund Organisation (EPFO). Along with the hike in pension, pensioners shall also be given DA benefits, which … Read more
In an important measure introduced to provide financial help to retired workers working in unorganised activities, small and medium enterprises, and private sector, the Employees’ Provident Fund Organisation has thrown its weight behind a sanctioned minimum monthly pension of ₹3,000 with effect from the year 2025. This measure forms a component of the government’s effort … Read more
With regard to a major development for EPFO members, over 22,000 persons will be receiving higher monthly pension after the Supreme Court judgement in 2022 concerning EPS-95. That, however, comes with the caveat of needing more than 1.65 lakh members to contribute additionally in order to be eligible for higher benefits. Background: Supreme Court Directive … Read more
For a major relief to pensioners numbering in lakhs, the Employees’ Provident Fund Organisation is going to effect a hike in the minimum monthly pension in the year 2025. The Union Cabinet has accorded approval to raise the minimum pension under the EPS to ₹7,000 per month, apart from the Dearness Allowance. This move is … Read more
In a major update containing some good news for millions of private-sector employees across India, the EPFO reiterated the scheme benefits of the EPS as per the 2025 guidelines. Now, as per the newer provisions, every member of EPFO who has provided continuous service for 10 years is entitled to a lifetime monthly pension from … Read more
This topic draws from evolving changes that will affect millions of Employees’ Provident Fund Organisation (EPFO) members who can hope for a big increase in the minimum amount of monthly pension payable to them under the Employees’ Pension Scheme (EPS). From all quarters comes news pointing in the direction of a possible enhancement of pensions … Read more