At present, the minimum pension under EPS is Rs.1,000 per month and an employee can receive pension only after a minimum 10 years of service.
EPF Form 11 – New Declaration Form replaces existing Form No: 11 and also replace Form No.13 in all such cases where existing member to the Provident Fund makes a request for transfer of his fund availing the facility of UAN
The government is likely to come out with a definition for the term ‘new employees’ for implementing its Budget promise of footing the bill for EPF pension scheme contribution in a bid to create more formal sector jobs.
Finance Minister Arun Jaitley may have been forced to back down on taxing Employees’ Provident Fund (EPF) withdrawals a week after introducing the measure in the Budget, but the government has not given up on the goal of creating a pensioned society.
Melbourne Mercer Global Pension Index has published the details about the pension ratings. Mercer report rated Denmark as the country with the best retirement system for the fourth consecutive year in 2015, with an overall score of 81.7. India ranks last in this chart.
Minimum EPF Pension of Rs.1000 – Order may be issued soon which would benefit 27 lakh Pensioners Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners. Those who get less than Rs 1,000 […]