CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

EPFO Pensioners to Get Enhanced Pension

Posted on 02 June 2020

LinkedIn


EPFO released  Rs  868 crore pension along with Rs 105 crore arrear on account of restoration of commuted value of pension.

On the recommendation of Central Board of Trustees (EPFO), the Government of India accepted one of the long standing demands of workers to allow restoration of commuted value of pension after 15 years. Earlier there was no provision for restoration of commuted pension and the pensioners continued to receive reduced pension on account of commutation lifelong.This is a historical step for the benefit of pensioners under EPS-95.

EPFO has more than 65 lakhs pensioners catered through its 135 regional offices. EPFO officers and staff battled all odds during this Covid-19 lockdown period  and processed pension payment for May,2020  to ensure credit of pension in the bank account of pensioners on schedule.

Tags :






Trending Tags
unified portal
companies act 2013
mca
shares stock
ca
cag
csr
aatmanirbhar bharat
dvat
Service Tax
corporate law
tin nsdl
tcs
eway bill
career
dgft
Professional Resource
exams
icsi
epf
gst return
accounts
sebi

GST Live Class    |    x