Casual Labourers with temporary Status in Deptt of Post – Clarification regarding contribution to GPF and Pension under the Old Pension Scheme
Extension of benefits of ‘Retirement Gratuity and Death Gratuity’ to the Central Government employees covered by new Defined Contribution Pension System (National Pension System)
Finance Ministry Resolution for interest rate of 8.1% for GPF and other such funds
General Provident Fund and other similar funds such as contributory provident fund, defence services provident fund, All India Service Provident Fund, and Railway Provident Fund are applicable to Central Government Employees, Autonomous Bodies, Defence Personnel, AIS Officers, and Railway Railway Employees respectively
EPF interest rate for previous year was fixed at 8.75%. For the year 2015-16, interest for contribution made by employer and as well as Employee will 8.8%.
General Provident Fund (GPF) is applicable to Central Government Employees who have joined in the service before 01.01.2004. Govt has made National Pension System which is also called National Pension Scheme as a mandatory pension scheme in respect of employees who have joined on or after 1st January 2004
EPF subscriptions can be made through Internet Banking relaxed till 30th June 2016 – The Central Government has made it mandatory for employers to pay statutory contribution electronically through Internet Banking only.
DA indexed Gratuity proposed by 7th Pay Commission will be beneficial to Central Government Pensioners. Presently Employees retire at the end of term of any pay commission end up in getting same gratuity which was granted to employees 10 years ago who retired immediately after implementation of pay commission.
With the introduction of NPS w.e.f. 01.01.2004, the number of subscribers under the GPF scheme will decrease as time goes by. Moreover, the scheme has worked well over the past 65 years
EPFO has issued a letter stating the amendments to the EPS 1995 regarding eligible service under EPS
Employees Provident Fund – Deduction of TDS on withdrawal of PF – EPFO Circular for instructions to all Employers regarding amendment of Section 192A of Income Tax Act 1961
DEA has announced the resolution of 8.7 percent interest fixed for the year 2015-16 on GPF and other nine funds.
Provident Fund Interest 2015-16 fixed at 8.7% – Govt Decision covers GPF, CPF, Railway PF, Defence PF, Ordnance Factory PF, AIS PF