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EPFO to inspect firms splitting wages to reduce PF liability

Last Updated: Thursday, August 07, 2014, 15:13

In a bid to deal with issue of splitting of wages by employers, retirement fund body EPFO has asked its over 120 field formations to inspect firms which are deducting PF on 50 percent or less of total wages.

Inoperative A/c norms should be strictly followed: EPFO

Last Updated: Tuesday, July 29, 2014, 19:36

Retirement fund body EPFO has asked its field formations to strictly follow guidelines while settling claims out of inoperative accounts in order to reduce the risk of frauds.

EPFO to provide UAN to contributing members initially

Last Updated: Monday, July 21, 2014, 22:33

Retirement fund body EPFO has decided to work in mission mode to provide portable Universal Account Number to contributing members initially and seed it with KYCs like Aadhaar and PAN to make it more secure.

BPOs, KPOs fall under the EPFO's social security net: Govt

Last Updated: Monday, July 14, 2014, 21:40

Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed Monday.

Proposal for Rs 1,000 minimum monthly pension approved: Govt

Last Updated: Monday, July 07, 2014, 15:22

Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees' Provident Fund Organisation (EPFO), Parliament was informed Monday.

EPFO launches online registration facility for firms

Last Updated: Monday, June 30, 2014, 17:04

Retirement fund body EPFO on Monday launched online registration facility for employers, a move that will help firms get employers' code within a day.

Unions to oppose investment of EPFO funds in equity market

Last Updated: Wednesday, June 25, 2014, 22:19

Trade unions have decided to oppose any move to invest part of over Rs 5 lakh crore corpus of retirement fund body Employees' Provident Fund Organisation (EPFO) in equity market.

FinMin proposes allowing EPFO to invest 30% in equity market

Last Updated: Wednesday, June 25, 2014, 21:15

The Finance Ministry has proposed allowing retirement and gratuity funds to invest up to 30 percent of their money in the equity market, a suggestion that's likely to be opposed by labour unions.

Rs 1,000 minimum monthly pension to be a reality this week

Last Updated: Monday, June 02, 2014, 19:59

A minimum pension of Rs 1,000 a month under a scheme run by retirement fund body EPFO will be a reality this week, a development that will benefit 28 lakh pensioners, who get less than this amount at present.

EPFO settles 1.23 cr claims in FY14

Last Updated: Sunday, May 25, 2014, 11:29

According to a recent performance review, 66 percent of the claims were settled in 10 days and 90 percent within 20 days.

Salary core consideration for most employees than other perks

Last Updated: Thursday, May 22, 2014, 16:06

Traditionally, companies focused on long-term orientation such as provident fund, superannuation, company provided accommodation, leave travel allowance, loans etc.

EPFO asks field offices to settle all claims within 20 days

Last Updated: Thursday, May 22, 2014, 16:02

Retirement fund body EPFO has asked its over 120 field offices to settle claims, including PF withdrawal and pension, within 20 days as against the mandated 30-day time frame.