EPF pension which is technically known as Employees’ Pension Scheme (EPS) has become quite popular. Employees’ Provident Fund Organization (EPFO) is considered to be one of the best schemes. Talking about this scheme, it starts helping after retirement at the age of 58 for the employees going to work in the organized sector.
Let us tell you that pensioners going to get pension from Provident Fund Organization (EPFO) are going to prove to be very beneficial. Actually, there has been a big change from EPFO regarding the arrangement of pension amount. Its benefits are going to be available to all pensioners.
According to the information, about 73 lakh pensioners of the country are going to get its benefit. For this, the government is preparing to set up a central pension distribution system. Talking about this regard, the meeting of EPFO will start on 29 and 30 July. According to the information received, approval for this proposal will start in this meeting.
If seen at this time, if we talk about the 138 regional offices of EPFO, then pension is going to be sent to the accounts of pensioners. Due to which the pensioners are seen, the work is being done to give the amount in their account on different days and times. If this system is approved easily, then the work of sending pension to the accounts of more pensioners with 73 lakh people across the country will be done in one go.
EPFO customers are going to get the benefit
According to the information, after the implementation of the centralized system, EPFO subscribers are going to get a lot of benefits. There is no duplication due to this, along with this, after the merger, the work of converting multiple PFs of one member into one account will be done. If any person has become eager to change jobs, then he starts getting rid of transferring his PF account.