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EPFO PENSION RULES
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
EPS pension alert: Can't submit your Life Certificate? Here's the process EPFO wants you to followEPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from the postal department. A simple cal...
Will EPS-95 pensioners get ₹7,500 monthly pension from May 2026? Check EPFO’s statement
Withdrawal of retirement funds soon to be automated: EPFOThe Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transf...
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly...
PF withdrawal issues? Fix these EPS errors to avoid PF claim rejection and pension loss
Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
Inspection scheme soon to flag firms dodging EPFOIn a bid to strengthen worker protections, the Labour and Employment Ministry is launching a comprehensive inspection program. This proacti...
Here’s how to fix errors in EPS records now to avoid PF claim rejection, pension lossIf you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection in EPF withdrawal or transfer cla...
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
Gig workers social security scheme may have multiple fund managersThe labour ministry of India is charting a new course by investigating a multi-manager framework for its latest social security initiative ...
EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rules consolidate withdrawal provisio...
Laid off or lost your job? Use 75% EPF amount while rest 25% compounds @8.25% - Check EPFO withdrawal rules in case of unemploymentWhile members are entitled to take out up to 100% of their eligible EPF balance, including both employee and employer contributions, there ...
Higher EPS Pension reinstated by EPFO: Who will benefit and who will notEPFO has reinstated the option for employees to link their pension scheme contributions to their full basic salary. This move offers relief...
EPFO’s higher pension plan: Who benefits from it?EPFO has reinstated the option for certain subscribers to link their pension contributions to their full salary, benefiting those who had p...
EPFO extends deadline to opt for higher EPS pension; last opportunity to applyThe Employees Provident Fund Organisation (EPFO) has extended the deadline for the third time to apply for higher EPS from June 26, 2023 pr...
Higher EPS pension: Can EPFO change the current pension formula in future?While most of the doubts regarding higher EPS pension have been addressed by the EPFO however one clarification regarding the pension compu...