Time to rethink retirement and financial security
You might have seen news about the Unified Pension Scheme (UPS), maybe even skimmed a few articles, and then moved on, thinking this is just another policy tweak that doesn’t concern you.
You might have seen news about the Unified Pension Scheme (UPS), maybe even skimmed a few articles, and then moved on, thinking this is just another policy tweak that doesn’t concern you.
New subscriptions to the Employees’ Provident Fund (EPF) scheme were down a percent in June from the previous month at 1.02 million.
The new pension scheme for its employees, inferior to the existing one, is a case in point. More disturbing is the denial, due to some flimsy objections, of the higher pension right to a large number of employees already covered under the Employees’ Provident Fund (EPF) scheme, not to speak of the total exclusion of a category of employees recruited after 1 September 2014.
The BMS will soon present a memorandum on its suggestions to the Finance Ministry, he said.
A spokesman said the CBT’s 229th meeting decided that the committees will have CBT members representing employees, employers, as well as, representatives of the Government.
This move will also estimated to infuse liquidity of Rs 6,750 crore in next three months.
The government has decided to extend coverage under the Employees Provident Fund Act and the Employees State Insurance Scheme to…
The Ministry of Labour and Employment has made changes in the social security schemes of the Employees' Provident Fund Organisation…
The Ministry of Labour and Employment has notified that payment of EPF dues, pension disbursement and insurance claims under the…
Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their…
