Live Breaking News & Updates on Epfo Pension Benefits
Stay updated with breaking news from Epfo pension benefits. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Employers have requested the Union Labour Ministry for another extension, citing technical issues with the EPFO website and difficulty accessing employee employment details. - EPFO Higher Pension: Ministry Likely To Give Employers Extension To Validate Joint Forms: Report ....
(File photo) NEW DELHI: Top labour ministry officials on Thursday told a parliamentary panel on labour that for pension fund like the EPFO to remain viable, it must move from the prevailing system of “defined benefits” to a system of “defined contributions”, where members draw benefits commensurate with their contributions. Sources said officials told the panel that EPFO had over 23 lakh pensioners drawing Rs 1,000 per month even when their contributions to the fund corpus had been less than a fourth of the benefits they were drawing. They also said this would be unviable for the government to support in the long run, unless a system of “defined contributions” was put in place. ....