Provident Fund - Page 5

Reduction in rate of EPF Administrative charges from .65% to .50% w.e.f 1st June, 2018

Ministry of Labour and Employment reduce in the rate of EPF Administrative charges from .65% to .50% which is effect from 1st June, 2018. As per EPFO: “The total collection of administrative charges in 2017-18 is estimated at Rs 3,760 crore. A decrease of administrative charges by 0.15% would lead to reduction in collection of […...

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Posted Under: Corporate Law |

EPFO to officers: Implement SC decision on Payment of Pension on Higher Wages

HO No. ACC/HQ/Pension/Distribution of work/2896 (08/06/2018)

It has also come to notice that some offices have not complied the instructions of Head Office based on the Hon'ble Supreme Court order dated 04.10.2016 as referred above on revision of the pension on higher wages despite applications received in this regard, by taking the plea that reference has been made by those offices to Head Office ...

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Wrongly seeded aadhaar number – EPFO Introduces new functionality

No. NDC/23(1)2018/Pension/Aadhaar/3048 (05/06/2018)

Various mails have been received from field offices reporting the rejection of DLCs due to incorrect Aadhaar number seeded against PPOs through DLC registration of the pensioners. After examining the issue, a new functionality Rectify Mismatch Aadhaar number has been provided in the application software. The scenario of the case is explai...

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Trade/Sale/Purchase of Securities by Trusts of EPF Exempted Establishments – Reg.

No. C-Ex/Ex - Return/ 2013/Vol. II/3990 (25/05/2018)

It is clarified that the Trust of exempted establishment are required to obtain the prior permission of Regional P.F. Commissioner for selling of securities if and only if the Trusts have to utilize the amount obtain4 through sale of securities for meeting the obligatory expenses arising out of any of the reasons mentioned in condition no...

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EPFO declares interest Rate on EPF for the year 2017-18

No.Invest.I/CBT Agenda/ROI/2017-18/4153 (25/05/2018)

The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme, 1952 to credit interest @ 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952....

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Admin charges payable by employer on EPF amended WEF 01.06.2018

Notification No. S.O. 2011(E) (21/03/2018)

Government reduces normal administrative expenses payable by the employer with effect from 1st June, 2018 at 0.50 per cent of the pay subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments. ...

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Timelines for settlement of Medical claims of Pensioner CGHS beneficiaries

No: 115025138/2018 /DIR/CGHS (14/05/2018)

It has now been decided to review the timelines prescribed for processing and settlement of medical claims of pensioner CGHS beneficiaries in compliance of the directions of Hon'ble Supreme Court of India in their Judgement in the WP(Civil) No 694 of 2015 between Shiva Kant Jha Vs UOI delivered on 13th April 2018 and in supersession of th...

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Eligibility of Permanently Disabled Unmarried Son of a CGHS Beneficiary

No. 4-24/96-C&P/CGHS (P)/EHS (07/05/2018)

An unmarried son of a CGHS beneficiary suffering from any permanent disability of any kind (physical or mental) will be entitled to CGHS facility even after attaining the age of 25 years....

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EPFO: Reg. Defaulting Establishments mandated for inspection

No. CAIU/011(72)2016/Shram Suvidha Portal/2566 (03/05/2018)

(1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection....

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Submission of Life Certificate/non re-marriage certificate by Pensioners under EPS, 1995

No: Pension-l/17(10)2016-17/Jecvan Pramaan/913 (09/04/2018)

It is requested to issue suitable instruction to field offices under your jurisdiction for taking necessary actions adopting the methodology explained in the circular for acceptance of life certificate /non re-marriage certificate by the Banks and release of pension to pensioners....

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