The Pension Fund Regulatory and Development Authority (PFRDA) has released regulations for the implementation of the Unified Pension Scheme (UPS) within the National Pension System (NPS). These updated guidelines, which will take effect on April 1, 2025, outline the qualifications and procedures for central government employees to enroll in UPS. Eligibility for UPS The regulations … Read more
The Employees’ Provident Fund Organisation (EPFO) has announced new amendments for the Employees’ Deposit Linked Insurance (EDLI) scheme, aimed at strengthening financial protection for families of deceased EPF members. These changes, announced in a meeting on February 28, 2025, are expected to benefit thousands of families annually by enhancing insurance payouts and extending coverage. EPFO … Read more
The Central government may increase Dearness Allowance (DA) and Dearness Relief (DR) for its employees and pensioners next week before Holi. This increment will benefit more than 1.2 crore central government employees and pensioners. The government conducts reviews of the dearness allowance twice a year, in January and July. The DA increase, typically finalized in … Read more
Now, members and subscribers can withdraw Rs 1 lakh from their PF account instead of previous limit of Rs 50,000. Union Labour minister Mansukh Mandaviya announced this earlier this week on the occasion of the government’s 100 days in office. The Employees’ Provident Fund Organisation (EPFO) oversees various employee-related schemes, such as provident fund, pensions, … Read more
The Centre faced much criticism when it adopted the National Pension Scheme and gradually gave up on the Old Pension Scheme. On one hand, government employees were dissatisfied with the change in policies over National Pension Scheme (NPS), several states and opposition parties were insisting on returning to OPS to woo the voters. In a … Read more
Evolved organisations will try to establish benefits and wellness frameworks based on the future of work and workspace with employee safety and wellbeing at the centre. (Representational image / File) By Vinod VK The COVID-19 pandemic has clearly brought employee wellbeing to the centre stage in India. The second wave had put unprecedented pressure on … Read more