EPFO pension rule changed! big news! EPFO pension rules will change from this date, know the new rule here

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EPFO Pension: In the meeting to be held on July 29 and 30, major changes in the system of central pension distribution system will be discussed. After getting approval in the meeting, 73 lakh pensioners across the country will get the amount of pension on the same date and time.

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If you or someone in your family gets pension every month from Employees’ Provident Fund Organization (EPFO), then this news is of their use. Yes, there is going to be a big change in the arrangement of pension amount by EPFO.

This benefit will be available to all pensioners. Let us tell you that the Employees’ Provident Fund Organization (EPFO) will approve it after considering the proposal to set up a central pension distribution system in the meeting to be held on July 29 and 30.

The proposal will be placed in the meeting to be held soon.

With the establishment of this system, pension can be transferred in one go to the accounts of 73 lakh pensioners across the country. At present, 138 regional offices of EPFO ​​transfer pension to the account of the beneficiaries of their area.

With this, these pensioners get pension at different days and times. Sources said that in the meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, to be held on July 29 and 30, a proposal for the formation of a central pension distribution system will be proposed.

73 lakh pensioners will get together

The pension source said that after the establishment of this system, the distribution of pension will be done on the basis of the database of 138 regional offices. With this, 73 lakh pensioners will be given pension simultaneously. The source also said that all the regional offices treat the needs of pensioners of their area differently. With this, pensioners will be able to pay pension on different days.

In the 229th CBT meeting held on November 20, 2021, the trustees had approved the proposal for development of a centralized IT based system by C-DAC. The Labor Ministry, in a statement after the meeting, had said that thereafter the details of regional offices would be transferred to the central database in a phased manner. This will facilitate the operation and delivery of services.

With the establishment of this system, pension can be transferred in one go to the accounts of 73 lakh pensioners across the country. At present, 138 regional offices of EPFO ​​transfer pension to the account of the beneficiaries of their area. With this, these pensioners get pension at different days and times. Sources said that in the meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, to be held on July 29 and 30, a proposal for the formation of a central pension distribution system will be proposed.

 

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