As per the updated rules, NPS subscribers cannot withdraw more than 25 per cent of their contributions to their individual pension account excluding the employer’s contribution.
In the order dated May 15, the commission also stressed on the need for organisations such as EPFO to work “in a more efficient manner, especially when it has identified the problems of pendency at its own level, and directions have been received to complete the work assigned as per deadlines”.
Tomorrow is the last day to apply for a higher pension under the Employees Pension Scheme (EPS). Experts say employees must consider a variety of factors including their own finances, the pension they are likely to receive and the EPF sum they are giving up before taking such a call