Comprehensive revamp of EPS and EPFO under discussion

Comprehensive revamp of EPS and EPFO under discussion

The Centre is looking at comprehensive changes in its social security schemes under the Employees’ Provident Fund Organisation that could enable subscribers to contribute for higher pension. Additionally, it is also working on a revamp of the IT systems of the EPFO for a more seamless and efficient services to subscribers and easier withdrawals. According to … Read more

As EPFO struggles with staff shortage, higher pension subscribers are kept waiting

As EPFO struggles with staff shortage, higher pension subscribers are kept waiting

Over 17 months and counting. That’s how long members of the Employees’ Pension Scheme (EPS) have been waiting to see the implementation of the November 2022 Supreme Court ruling on higher pension. While they still have hope, there is little clarity on when the apex court’s ruling will be implemented by the Employees’ Provident Fund … Read more

EPFO extends time for employers to upload wage details for higher pension till May 31, 2024

EPFO extends time for employers to upload wage details for higher pension till May 31, 2024

The Employees’ Provident Fund Organisation (EPFO) on Wednesday extended time for employers to upload wage details for higher pension by five months.  Extension of time for the employers for uploading wage details online etc. is till 31st May, 2024, said Ministry of Labour & Employment in a statement.  More than 3.6 lakh applications for validation … Read more

Amid pleas for higher pension, EPFO staff ask head office for guidelines on Supreme Court order

Amid pleas for higher pension, EPFO staff ask head office for guidelines on Supreme Court order

Employees’ Provident Fund Organisation headquarters in New Delhi. File | Photo Credit: KAMAL NARANG Without any guidelines to implement the recent Supreme Court order on higher Provident Fund (PF) pension, the staff in various offices of the Employees’ Provident Fund Organisation (EPFO) have asked their head office for a “direction” to address the queries from thousands … Read more