Expert Recommendations on Employees™ Pension Scheme
An Expert Committee constituted by the Government to review the Employees™ Pension Scheme (EPS), 1995, has, inter alia recommended either of the two options below: (i) Introduction of Provident Fund-cum-Pension Annuity Scheme wherein pension is linked to accumulations of members in the Fund or (ii) Modifications in the existing EPS, 95 such as: increase in… Read More
Tags: Employee Provident Fund, Employment, EPF, EPS, Government, Lok Sabha, National Park Service, Pension
Updation of EPF Accounts
The members™ accounts of Employees™ Provident Fund (EPF) for the previous year are updated by 30th September of the following year. The following steps have been taken for updation of members™ accounts: (i) In order to monitor the day-to-day progress of updation of members™ accounts, web based tool has been developed which allows timely corrective… Read More
Tags: Employee Provident Fund, Employment, EPF, FeedBurner, India, Legal education, Lok Sabha, United States
EPFO shows much better improvement
The number of contributing members to Employee Provident Fund Organisation (EPFO) has crossed 4.00 crore as on 17.08.2013. Similarly, number of establishments covered under EPF & MP Act, who are contributing and filing their return through electronic system has increased to 4 lakh. EPFO also distributed pension to more than 44 lakh pensioners during July,… Read More
Tags: Central Provident Fund, Digital signature, Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPF, EPFO, July 2013
Data of Members under EPFO on Web Facility
Employees™ Provident Fund Organisation (EPFO) has date of birth details for more than 4 crore members out of a total members of 8.87 crore as on 01.08.2013. Web facility has been provided to the Employers to upload the date of birth details of all employees. Further, Field Offices of EPFO have been directed to ask… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, EPF, EPFO, ESIC, Insurance, Lok Sabha, Passbook
Labour Law Program at Mumbai, Delhi, Bangalore, Hyderabad & Chennai
Please send your reply on seminar@satvam.com or seminar@satvamindia.com Program on Fundamentals of Labour Laws for Managers at Mumbai, Delhi, Bangalore, Hyderabad & Chennai Mumbai : Saturday, July 13, 2013 - 09.30 a.m. to 5.30 p.m. at VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai 400059 Delhi: Wednesday, July 17, 2013 - 09.30… Read More
Tags: Compliance, contract labour, employee state insurance, Employees' State Insurance Act, EPF, ESIC, ESIS, Gratuity, Labour law, labour welfare fund, minimum wages, payment of bonus, payment of gratuity, Professional tax, Providend Fund
Govt initiatives for providing details to PF Account Holders
There are no dormant accounts in Employees™ Provident Fund Organisation (EPFO). However, as per provision of para 72(6) of the Employees™ Provident Funds (EPF) Scheme, 1952, a member™s account under certain condition is classified as Inoperative Account. All such Inoperative Accounts have a definite claimant. As per Para 73(1) of the EPF Scheme, 1952, a… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPF, EPFO, Inoperative Account, Provident Fund Organisation, Rajya Sabha
Ministry Clarification on DA to EPF Pensioners with meagre pensions
As per the statistics available upto 31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is around 12 lakh and those receiving more than Rs. 500 and less than Rs.1000/- is around 16.05 lakh. A number of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted… Read More
Tags: Board of directors, CBT, Central Government, Employee Provident Fund, EPF, Government of India, Pension fund, Rupee
Functioning of Employees™ Provident Fund
As on 31.03.2012, the total members of Employees™ Provident Fund are 8.55 crore and pensioners under Employees™ Pensions Scheme are 41.03 Lakh. The present composition of Central Board of Trustees (CBT), Employees™ Provident Fund (EPF) is Annexed. The composition of the CBT, EPF is as per Section 5A of the Employees™ Provident Fund & Miscellaneous Provisions Act, 1952. As… Read More
Tags: Board of directors, Cabinet of India, CBT, Central Government, Employee Provident Fund, Employees' Provident Fund Organisation of India, EPF, Government of India
Pune – Program on Fundamentals of Labour Laws for Managers – May 7
Please send your reply on seminar@satvam.com or seminar@satvamindia.com Program on Fundamentals of Labour Laws for Managers Date & Time : Tuesday, May 7, 2013 - 09.30 a.m. to 5.30 p.m. (Registration & breakfast: 9.00 to 9.30 am) Venue : The Coronet Hotel, Apte Road, Deccan Gymkhana, Pune 411 004 (Opp. Santosh Bakery) Benefits/ learning objectives:… Read More
Tags: Business, Compliance, contract labour, Deccan Gymkhana, employee state insurance, Employees' State Insurance Act, EPF, ESIC, ESIS, Gratuity, Income tax, Kandivali, Labour law, labour welfare fund, Minimum wage, minimum wages, Oriental Bank of Commerce, payment of bonus, payment of gratuity, Politics, Professional tax, Providend Fund
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