Pension News

The Employees’ Provident Fund Organisation (EPFO) mandates companies with 20+ employees to contribute to the Provident Fund (PF) scheme for workers’ retirement benefits. Both employee and employer contribute 12 percent of the employee’s basic salary monthly. While the employee’s full 12 percent goes to their PF account, the employer’s 12 percent is split—8.33 percent towards the Employees’ Pension Scheme (EPS) and 3.67 percent into the Provident Fund. This split often makes the employer’s PF contribution appear less than the employee’s. Employees can check these contributions, including the breakdown, in their EPFO member passbook for clarity and tracking.  

The Employees’ Pension Scheme (EPS-95) provides comprehensive benefits covering a broad spectrum of contingencies, which ensures social security protection during old age of the members and their families. 

Department of Posts in an order issued on July 17 said that guidelines to deal with the cases of grant of notional increment to the officials retiring on 30th June or 31st December, as the case may be, have been issued based on the final directions dated 20.02.2025 of Supreme Court.

Addressing the 29th meeting of the Financial Stability and Development Council (FSDC) here, the Finance Minister said that special district-level camps must be held to ensure the expeditious and seamless refund of such assets to rightful owners.

When employees withdraw their PF, they subconsciously leave their EPS component behind. What happens to that EPS pension money? How can you track it? Check the details here.

Unified Pension Scheme Last Date To Apply: On April 1, 2025, the central government introduced the Unified Pension Scheme (UPS) option for its employees, which offers a guaranteed pension subject to certain conditions.    

The Centre launched the portal to bring transparency in the redressal process for retired government employees.

The proposals further state that the RBI may exempt certain AIFs, in consultation with the government, that have been set up for strategic purposes. 

In a circular issued earlier this month (April 1), the RBI has said that pension paying banks should compensate the pensioner for delay in crediting pension/ arrears at a fixed interest rate of 8 percent per annum.

RBI has issued instructions to pension disbursing banks to allow withdrawal of pension by following certain procedures which are given below:  

The DoPT rule issued on 28 March 2025 allows female AIS officers/pensioners to nominate her child/children or family pension in precedence to her husband in due to the following reasons.

RBI has updated its Frequently Asked Questions (FAQ) ( April 01, 2025) for Payment of Pension to Government Pensioners, detailing 8 points on Payment of Pension to Government Pensioners.

NPS To UPS Switch: The NPS to UPS migration is now live on the official CRA (Central Recordkeeping Agency) portal. This migration aims to offer a guaranteed pension, government contributions, and more investment flexibility to central government employees post-retirement. Notably, the Unified Pension Scheme (UPS) offers a structured pension payout based on an employee’s service tenure. Those with 25 or more years of service will receive 50 per cent of their average last 12 months’ basic salary as a pension.  

27,805 new establishments have been brought under the social security ambit of the ESI Scheme in the month of January, 2025 thus ensuring social security to more workers.

Commuted pension is an advance payment that you get in one lump sum and that is subtracted from your whole pension fund. 

The pensioners' body is calling raising the minimum pension limit and also demand that dearness allowance (DA) be included. 

This information was provided by the EPFO at the Executive Committee (EC) of the Central Board of Trustees, EPF, chaired by Labour and Employment Secretary Sumita Dawra.

The Labour Ministry has initiated talks on the voluntary and contributory pension plan that would enable people from all backgrounds to save for their retirement, irrespective of their work status.

This assumes significance in view of the Budget announcement earlier this month by Finance Minister Nirmala Sitharaman about rolling out of a social security scheme for one crore gig workers engaged with online platforms.

The scheme has witnessed significant participation from women, who constitute around 47 per cent of the total subscribers.A standout feature of APY is its comprehensive pension structure.