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Odisha CM Naveen Patnaik writes to Centre for revision of EPF pension

Odisha CM Naveen Patnaik writes to Centre for revision of EPF pension India Updated: Thursday, December 17, 2020, 19:02 [IST] Bhubaneswar, Dec 17: Odisha Chief Minister Naveen Patnaik Thursday wrote a letter to the Centre seeking revision of Employees Pension Scheme-1995 (EPS-95) which will benefit at least 1.62 lakh people in the state. A copy of the letter was released to the media. The beneficiaries of the Employees Pension Scheme - 1995, managed by Employees Provident Fund Organisation (EPFO), are being given a paltry amount, the chief minister wrote in the letter to Santosh Kumar Gangwar, Union Minister of State (Independent Charge), Labour and Employment. I would like to draw your kind attention to the plight of around 1.62 lakh EPF pensioners all across my state, who with a paltry monthly pension after their retirement are facing much hardships in their advanced age.

EPFO disburses over ₹13,000 crore, settles 52 lakh Covid-19 non-refundable advance claims: Gangwar

Ministry also seeks feedback on labour codes from industry Labour Minister Santosh Gangwar on Wednesday claimed that Employees Provident Fund Organisation (EPFO) settled 52 lakh Covid-19 non-refundable advance claims, and disbursed ₹13,300 crore. “The country has faced the pandemic with brave face,” Gangwar said while speaking during industry body Assocham’s Foundation Week event. Keeping this in mind the government had allowed over six crore subscribes of EPFO to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account in view of the lockdown to fight the pandemic. The Centre had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on March 26 to help the economically weaker sections cope with the pandemic. A provision for withdrawal from the EPF scheme was announced by the government and an urgent notification issued, providing for non-refundable withdrawal to the extent of basic wages and DA for three months or up to

EPFO | EPFO ने कोविड-19 से जुड़े 52 लाख दावे निपटाए, 13,300 करोड़ रुपए वितरित किए

EPFO | EPFO ने कोविड-19 से जुड़े 52 लाख दावे निपटाए, 13,300 करोड़ रुपए वितरित किए
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Big EPFO news! 8 5% interest on EPF a/c at one go; likely to be credited by month end

Highlights Amendments in wake of COVID-19 crisis. EPFO members were allowed to apply for withdrawal online. New Delhi: Retirement fund body EPFO is likely to credit 8.5 percent rate of interest for 2019-20 in the employees provident fund (EPF) accounts of around six crore subscribers in one go by the end of December, news agency PTI has reported. Earlier in September this year, the Employees Provident Fund Organisation had decided to split 8.5 percent interest into two installments of 8.15 percent and 0.35 percent in its trustees meet headed by Labour Minister Santosh Gangwar. However, PTI quoting highly placed source said that the Labour Ministry has sent a proposal to the Finance Ministry to give concurrence to credit 8.5 percent rate of interest on EPF for 2019-20 earlier this month.

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