Restriction on EPF withdrawal

Restriction on EPF withdrawal As per extant rules governing the withdrawal of Employer’s contribution from the Employees Provident Fund Scheme, a member can withdraw both the employer’s share of contribution and his own share under the following circumstances: - (i) On retirement from service after attaining the age of 55 years. (ii) On retirement on account of permanent and total incapacity for work due to bodily or mental infirmity. (iii) On migration from India for permanent settlement abroad. (iv) On termination of service in the case...

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Relaxation in EPFO scheme

Relaxation in EPFO scheme The Government proposes to relax/amend the Employees' Provident Fund Scheme to enable loss-making and sick PSUs to continue to run their own Provident Fund Trusts. The proposal is being examined in consultation with Central Board of Trustees, Employees’ Provident Fund. The said relaxation will not be applicable to the private firms and their employees. Provident Fund Trusts of exempted establishments are custodian of the hard-earned money of the workers which needs to be protected. The private companies do not have...

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7th Pay Commission – PK Sinha’s Panel is pushing for higher pay than the Recommendations of the 7th CPC

7th Pay Commission – PK Sinha’s Panel is pushing for higher pay than the Recommendations of the 7th CPC 7th Pay Commission – PK Sinha’s Panel is pushing for higher pay – Now the pay of all central government employees will be fixed Basic Pay multiplying by 3. A 13 members secretary-level Empowered Committee or Secretaries group, led by cabinet Secretary P K Sinha was formed in January to review the recommendations of 7th Pay Commission before cabinet nod and the Secretaries group is likely to submit its report before June 30. The 7th Pay Commission...

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DA hiked by 6%, to benefit 7 lakh Odisha government employees, pensioners

DA hiked by 6%, to benefit 7 lakh Odisha government employees, pensioners Bhubaneswar: The Odisha government Saturday (30-4-2016) hiked Dearness Allowance (DA) by 6 per cent, benefiting over 7 lakh state government employees and pensioners, which would cost the exchequer an additional Rs 676.90 crore annually. The DA, which will benefit over four lakh Odisha government employees and three lakh pensioners, will go up from the existing 119 per cent to 125 per cent, which would come into force with retrospective effect from January 1, 2016 Dearness...

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Revision of pension of Pre-2006 disability pensioners and Family Pensioners effective from 1.1.2006 – Pensioners Portal Orders

Revision of pension of Pre-2006 disability pensioners and Family Pensioners effective from 1.1.2006 – Pensioners Portal Orders Special benefit in cases of. death and disability in service- Revision of Disability Pension/Family pension of Pre-2006 disability pensioners/ Family Pensioners-regarding. No.45/3/2008-P&PW (F) Government of India Ministry of Personnel,Public Grievances & Pensions Department of Pension & Pensioners’ Welfare 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi-110003. Dated the 29th April, 2016. OFFICE...

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