Gazette Notification on enhancement of PF wages to Rs. 15000

5829 views

Save Share

@VaibhavJ

Believe!! Live your dreams!

19752 Points Posted on 28 August 2014

Gazette Notification on enhancement of statutory wage ceiling to Rs. 15,000/-, minimum pension of Rs. 1,000/- per month and 20% additional relief on the amount of assurance benefit admissible under EDLI Scheme announced today.

Refer attachment.

Source:https://www.epfindia.com/Circulars/Y2014-15/Coord_SchemeAmendment_13637.pdf

Attached File : 112266 1358875 pf amendment.pdf downloaded: 1866 times

Replies (3)

Guest

Posted on 29 August 2014

yup.. a good news for salaried employee and specially to the freshers.. because they wil get good pension if they service period is long......

Pijush Chunari

MBA

22 Points Posted on 02 September 2014

Sir Can you please clarify the matter of 20% additional EDLI releif?

@VaibhavJ

Believe!! Live your dreams!

19752 Points Posted on 02 September 2014

Originally posted by : Pijush Chunari
	Sir Can you please clarify the matter of 20% additional EDLI releif?

The benefit provided in case of death of an employee who was member of the scheme at the time of the death,

The family will get 20 times of the average wages of the last 12 months of the member.

According to the revised scheme, maximum benefits under the scheme will now be Rs. 1,56,000/- , as the wage ceiling upto which contribution can be paid under the scheme is Rs. 3,60,000/-.

Pl. read this 2 ciculars for clarity:

https://www.epfindia.com/Circulars/Y2014-15/EDLI_AmendmentScheme_7736.pdf

https://www.epfindia.com/EDLI_1976.pdf

Thanks!