EPFO News Update 2023: If you are an employee of Employees’ Provident Fund Org.zation! Then this news can be very important for you. Let us tell you that recently EPFO has started the process of applying for pension under the Employees Pension Scheme.
EPFO News Update 2023
The org.zation handling this Employees’ Provident Fund Org.zation had said! That both the employee and the employer will be able to apply for it! On the other hand, for information, let us tell you that the Supreme Court had continued the Employees Pension Scheme implemented in 2014 in 2022 as well!
EPFO News Update 2023
Earlier, the Employees Pension Scheme amendment of 22 August 2014 had increased the pensionable salary limit from Rs 6500 per month to Rs 15 thousand per month! Along with this, Employees’ Provident Fund Org.zation members and their employees were allowed to contribute 8.33 percent of their salary. But the board completely rejected it! But after many efforts EFFO has agreed to this! After which it can be transferred this week!
How much is contributed in pf account
Let us tell you that 12 percent of the salary and DA is deposited in the PF account. This amount is deposited by the employer of the employee. On retirement, the entire amount of employee fund is received by applying interest. At the same time, 12 percent of the employee’s share is directly deposited in the EPFO (Employees’ Provident Fund Org.zation) account. At the same time, the employer deposits 3.67 percent out of 12 percent in EPS (Employees Pension Scheme)! And deposits the remaining amount in 8.33 percent EPS account!
Employees’ Provident Fund Org.zation online registration facility available
Employees’ Provident Fund Org.zation has given information about the management of joint option form by its regional offices in an office order. EPFO said that a facility will be given! For which soon the URL will also be told! After this, the regional EPS (Employees Pension Scheme) commissioner will give information through notice boards and banners for public information.
Employees’ Provident Fund Org.zation
All applications will be registered according to the EPS (Employees Pension Scheme) order! Will be logged in digitally! And a receipt number will also be given to the applicant. It has been said further! That the office in-charge will investigate all the cases of joint option on higher salary. After this, the applicant will be informed about his decision by the Employees’ Provident Fund Org.zation through email and post and later through the message!
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