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EPS LUMPSUM WITHDRAWAL
MF Tracker: Can this international fund which gave nearly 70% CAGR in 3 years maintain its rally?Mirae Asset NYSE FANG+ETF FoF has delivered nearly 70% CAGR in three years, outperforming other equity funds. Despite a negative return in ...
UPS like pension for private sector employees? How NPS plus EPF can get you regular income like Unified Pension Scheme; check calculationWhile govt employees got their much awaited demand met as government launched a new pension scheme called Unified Pension Scheme which offe...
UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contributionUnified Pension Scheme: The govt announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension sc...
EPS withdrawal rules changed; lakhs of EPF subscribes to benefit; check if you stand to benefitThe government has changed the Employees’ Pension Scheme (EPS) of 1995 to enable members with fewer than six months of employment to receiv...
Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal a...
What is last date for EPS pensioner to submit digital life certificate?EPS is available to employees earning salaries up to Rs.15,000 and is designed to offer financial security during their retirement years.
Retirement Planning: How to save for your retirementFinancial planners suggest a retirement corpus target that is about 20 times your annual income. While some feel that 30 times can be a bet...
Retirement planning: Five retirement-focused investment productsSelecting the right financial products is important when saving for retirement. For post-retirement income, there are five investment produ...
If EPS 95 member dies before retirement, when will the spouse get pension and how much?If an EPS member dies after retirement surviving spouse gets a pension which is typically 50% of what the member was getting. However, what...
How to calculate pension Under EPSA member of the Employees Provident Fund Organisation (EPFO) is eligible to receive a pension from Employees' Pension Scheme (EPS) provided...
Will you benefit by opting for higher pension from EPS after Supreme Court ruling?The recent Supreme Court judgement has upheld that notification issued by EPFO is legal and valid. As a one-time relief it has allowed cert...
How nominee can file claim in EPF, EPS and EDLI online after death of an individualHere is how nominees can file a claim for money in a deceased person's EPF, EPS and EDLI schemes' accounts online. Nominees should note tha...
Who can join Employee Pension Scheme and who can'tThe rules regarding the joining of Employees Pension Scheme (EPS) by an employee was amended by the government via a notification dated Aug...
How to withdraw PF, EPS money after leaving your jobUnder the existing rule, employees who resign from a job before they turn 58 years of age can withdraw the full PF balance (and the EPS amo...
Withdrawing money from EPS account: All you need to knowThe Employees' Provident Fund (EPF) corpus also has a pension component, kept in the Employees' Pension Scheme (EPS) account. Here is a loo...
Encash your SIPs, put all the money as a lumpsum: Sunil SubramaniamThe selloff in Indian blue chips is a panic reaction, which has been overdone, and the same does not correspond to the impact that Indian e...
EPFO approves changes in Employees' Pension Scheme to restore commutation of pensionThe move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
SC ruling on higher pension from EPFO may pave way for you to become EPS memberGoing forward, the pension may be calculated on the basis of average salary of last 12 months.
EPFO pensioners to get pension calculation statement: Move aimed at reducing grievancesThis would lead to greater transparency and enable the pensioners to detect errors in calculation, if any and get them corrected faster.
- Pension fund deficit swells to Rs 54K crore
The Employees’ Pension Scheme of 1995, where up to a third of workers’ provident fund contributions are parked, is facing a shortfall of Rs...