RETIREMENT


MDT/PTI 20 December 2012
According to the sources, the preliminary estimates of EPFO indicate that the body would neither have surplus nor have deficit if it pays 8.6% rate of interest to its over 50 million subscribers. New Delhi: Retirement fund body Employees' Provident Fund Organisation's (EPFO)'s apex...

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MDT/PTI 19 December 2012
EPFO has kept in abeyance, its circular that seeks to tighten norms for initiation of inquiry against employers in PF cases and clubbing of allowances with basic wages for computing PF contribution New Delhi: Amid pressure from trade unions, Employees' Provident Fund Organisation (EPFO)...

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MDT/PTI 07 December 2012
According to the EPFO circular, the inquiry against employers cannot be initiated beyond seven years   New Delhi: Retirement fund body Employees' Provident Fund Organization (EPFO) has tightened the norms for initiation of its inquiries against employers and also set a time bar of...

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MDT/PTI 30 November 2012
Active provident fund subscribers, whose electronic challan-cum-return is already uploaded, can download their e-Passbook every month from epfindia.gov.in   New Delhi: Over 50 million provident fund subscribers can now access their accounts online as retirement fund body Employees'...

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Veeresh Malik Veeresh Malik 28 November 2012
There may be substantial sums of money in your EPFO account even after withdrawal or settlement of your claim. Here’s a quick rundown on how you can claim unaccounted EPFO money In the ongoing crusade to find out more about the way the Employees Provident Fund Organisation (EPFO) really...

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Veeresh Malik Veeresh Malik 21 November 2012
An RTI query revels that the Nagpur office of the EPFO (Employees Provident Fund Organisation) has almost half its current deposits in the ‘unclaimed’ category! The story is the same across the country. As per the latest rules, unclaimed deposits will now also stop earning...

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Veeresh Malik Veeresh Malik 30 October 2012
While the EPFO’s interaction with subscribers has improved, much remains to be done with what is essentially supposed to function like a bank but ends up like a tax authority. This is a guide to an essentially hassle-free experience to obtain details of EPFO   One of the biggest...

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AK Ramdas AK Ramdas 12 October 2012
While old peoples’ home is a shelter for many, it offers a viable investment opportunity for many others, especially the government   In the previous article—FDI in pension: What purpose can it serve? (please click here to read the article), we briefly covered the issue of the...

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AK Ramdas AK Ramdas 09 October 2012
FDI in pension funds is a welcome step for pensioners and the New Pension Scheme would benefit all subscribers, many of whom may have also opted for such schemes in operation in the private sector. How it will benefit a person who has subscribed to both remains to be seen Last week,...

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Moneylife Digital Team 10 September 2012
“A facility to generate member passbook, employee passbook and on-request passbook through Employees’ Portal on EPFO website has been devised,” said Abhay Ranjan, regional PF commissioner Greater convenience and up-to-date information has been introduced by the Provident Fund (PF)...

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MDT/PTI 05 September 2012
The draft policy includes provisions like setting up state-level welfare board and district co-ordination committees for senior citizens   Mumbai: The Maharashtra Government is giving final touches to a policy for senior citizens and its draft will be placed before the Cabinet soon,...

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The Labour Ministry has sent a proposal to the Finance Ministry to fix minimum pension of EPFO subscribers at Rs1,000 per month, irrespective of their contribution towards the scheme New Delhi: Subscribers of the retirement fund body Employees Provident Fund Organisation (EPFO) may soon...

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The decision will allow EPFO, which has a corpus of Rs3.5 lakh crore, more flexibility in its investment   New Delhi: The Central Board of Trustees (CBT) has given green signal to retirement fund body Employees' Provident Fund Organisation (EPFO) to park its funds in fixed deposits...

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According to the NPS provisions, an investor can withdraw 60% of his total corpus, which he has saved during his working life and the rest will go to an annuity plan of a life insurer   Mumbai: Despite the National Pension System (NPS) throwing up a large opportunity to life insurers,...

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According to the former Union minister, existing minimum pension of the EPF scheme is 'totally inadequate' for over 3.5 million who had spent their entire working life   Thiruvananthapuram: Congress MP Shashi Tharoor has urged the Indian government to enhance the pension under the...

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It is imperative that the government addresses all issues related to the New Pension Scheme to ensure a post retirement lifestyle commensurate with what the employees are used to Before discussing the merits of the New Pension Scheme (NPS), let us take a bird’s eye view of NPS for...

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Active subscribers would have to register themselves on the EPFO portal by furnishing their account details to obtain an e-passbook of their fund   New Delhi: Over five crore subscribers of the retirement fund body Employees' Provident Fund Organisation (EPFO) can obtain e-passbook...

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New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports...

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The Employees Provident Fund Office is more than willing to help with online facilities Nothing can be more depressing than meeting young people who have lost their jobs due to the ongoing slowdown such as airline pilots and seafarers as well as people from the infotech industry. Many of...

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While presently the EPFO earns over 9% on its current base corpus of Rs3 lakh crore, this could be enhanced to 12%. Besides, old peoples’ homes could be another avenue of revenues that the government can look at   While speaking at the 29th Skoch Summit earlier this month, UK Sinha,...

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