EPF

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 FundEmploymentEPFEPSGovernmentLok SabhaNational Park ServicePension

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 FundEmploymentEPFFeedBurnerIndiaLegal educationLok SabhaUnited 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 FundDigital signatureEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOJuly 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 FundEmployees' Provident Fund Organisation of IndiaEPFEPFOESICInsuranceLok SabhaPassbook

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: Compliancecontract labouremployee state insuranceEmployees' State Insurance ActEPFESICESISGratuityLabour lawlabour welfare fundminimum wagespayment of bonuspayment of gratuityProfessional taxProvidend 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 FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOProvident Fund OrganisationRajya 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 directorsCBTCentral GovernmentEmployee Provident FundEPFGovernment of IndiaPension fundRupee

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 directorsCabinet of IndiaCBTCentral GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEPFGovernment 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: BusinessCompliancecontract labourDeccan Gymkhanaemployee state insuranceEmployees' State Insurance ActEPFESICESISGratuityIncome taxKandivaliLabour lawlabour welfare fundMinimum wageminimum wagesOriental Bank of Commercepayment of bonuspayment of gratuityPoliticsProfessional taxProvidend Fund

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