EPFO mulls medical benefits for its pensioners

Last Updated: Sunday, February 22, 2015, 11:06

It was suggested that the surplus in Employees' Deposit Linked Insurance scheme could be used for extending medical benefits through ESIC.

EPFO to raise pension age today, appoint fund managers

Last Updated: Thursday, February 19, 2015, 09:02

Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Age limit under EPFO pension scheme may be raised to 60

Last Updated: Sunday, February 15, 2015, 16:28

At present, a formal sector worker covered under the EPS-95 can make contributions towards pension scheme till the age of 58 years and can claim pension after that.

Premium for product in lieu of EDLI need not be 0.5% of wages

Last Updated: Wednesday, December 24, 2014, 15:21

This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0.5 percent of wages as required under EDLI.

EPFO set for major overhaul in new year

Last Updated: Monday, December 22, 2014, 12:39

EPFO could not do much about expanding its investment options to maximise the returns for providing higher interest rate to its subscribers during 2014, and fresh attempts can be made in the new year in this regard.

EPFO trustees decides to set up panels on investment options

Last Updated: Friday, December 19, 2014, 21:41

Retirement fund body EPFO's trustees Friday decided to constitute a panel to look into various investment options like increasing exposure to housing finance firms and private sector bonds.

EPFO considering enhancing exposure in private sector bonds

Last Updated: Tuesday, December 9, 2014, 20:56

Retirement fund body EPFO trustees will consider a proposal to increase the limit for investment in private sector bonds from existing 10 percent to 15 percent in their meeting scheduled on December 19.

EPFO settles 10 lakh PF claims in November

Last Updated: Thursday, December 4, 2014, 18:50

Retirement fund body EPFO has settled 10 lakh claims, including withdrawal and transfer of provident fund, in the month of November.

EPFO likely to announce 8.5% interest Monday on PF deposits

Last Updated: Sunday, January 12, 2014, 16:00

According to the agenda for the trustees' meet, 8.5 percent interest will leave a small surplus of Rs 56.96 crore.

Provide universal A/c no to members to improve services: Oscar

Last Updated: Thursday, January 9, 2014, 21:12

Retirement fund manager EPFO needs to provide unique account number to its subscribers and improve its accounting for providing seamless services at par with banks, Labour Minister Oscar Fernandes said.

EPFO to launch software to monitor Pvt PF trusts on Sunday

Last Updated: Wednesday, January 8, 2014, 17:43

Retirement fund manager EPFO will launch a software on Sunday to monitor over 2,700 Private Provident Fund Trusts regulated by it so as to improve the delivery of services.

Unions to press for 9.5% interest on PF deposits for FY'14

Last Updated: Tuesday, January 7, 2014, 18:37

The Employees' Provident Fund Organisation's apex decision making body the Central Board of Trustees (CBT) will meet on Monday to discuss and approve the proposal regarding rate of return to be provided on PF deposits in 2013-14.