Retirement Body News

The Employees Provident Fund Organisation (EPFO) is likely to hike the limit for compulsorily maintaining a PF account to Rs 25,000 from the existing Rs 15,000.

After getting the committee's nod, it will then be placed before the EPFO's apex decision making body the Central Board of Trustees' (CBT) headed by the Labour Minister.

Retirement fund body EPFO will kickstart the process of investing in the stock market on August 6 with an initial corpus of around Rs 5,000 crore to be invested through ETFs in the current fiscal.

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Retirement fund body EPFO will float a tender on December 9 for appointment of new fund managers for a term of three years beginning April 1, 2015.

The EPFO wants to seed over 4.2 crore portable Universal PF Account Numbers issued by it, with the Aadhaar number of subscribers.

There are 3,621 private provident fund trusts (PPFT) which are managing the accounts as well as retirement fund of their workers. These trusts are regulated by the EPFO.

EPFO has decided to create paper less specialised corporate offices (SCO), which would provide prompt services to large firms and their employees.

EPFO had launched the online facility for allotment of employer's code on June 30 this year.