Because Pension Adalat has been constituted for immediate redressal of the grievances of the pensioners. Under which pension complaints will now be settled at home in the Pension Court .

According to media report , the number of pensioners coming under Employees Pension Scheme-1995 i.e. EPS-95 in the country is about 75 lakhs. Along with this, more than 6 crore shareholders are also involved. This scheme is run by the Employees’ Provident Fund Organization (EPFO). Under this, pensioners get a fixed minimum pension. Along with this, many other facilities are also available. But many times pensioners also have to face problems related to pension. For this, pensioners have to make a lot of visits to the offices.

What is Pension Adalat?

Pension Adalat has been constituted for speedy redressal of pensioners’ grievances. Through this, complaints related to pension acceptance and distribution of senior citizens are resolved. Along with this, quick and correct disposal is done by contacting the concerned authorities.

Register online complaint like this

1. A link will be sent to the pensioners on their registered mobile number or e-mail before the Pension Adalat.
2. Pensioners will click on the link, in which complaints will be heard through video conferencing.
3. Pensioners will have to provide their 12 digit PPO number, account number, address and mobile number.
4. First fill the e-mail ID in the prescribed form and send it.
5. If the complaint is sent by post, it is necessary to write Pension Adalat on the top of the envelope.

Who is eligible for EPS-95?

If you want to take advantage of this scheme, then it is necessary to be an EPFO ​​subscriber. Every month, a fixed amount is deposited in the EPF account from the salary of any EPFO ​​subscriber ie member. Out of this, 8.33 percent amount goes to the pension head.

Also, to get pension under the EPS 95 pension scheme, the employee has to complete at least 10 years of service. The retirement age under this scheme is 58 years. EPF member can also withdraw his EPS at a lower rate before the age of 50 years.

Special things related to EPS-95

1. Member pension on retirement at the age of 58 years.
2. Premature member pension before the age of 50 years in case of unemployment.
3. Disability pension in case of permanent and total disablement of the member during service.
4. Widow/widower pension on the death of the member (including the first provision of para 12(8)) or pensioner.
5. Child pension for 2 children at a time up to the age of 25 years on the death of the member/pensioner.
6. Orphan pension to 2 orphans at a time up to the age of 25 years on death of member or pensioner or death of spouse.
7. Orphan pension for the whole life of the disabled child / handicapped child / orphan child.
8. Nominee pension on death of the member and is paid by the member to the nominee for life in case the member does not have a family as defined under the Employees’ Pension Scheme 1995.
9. Pension to dependent father or mother on the death of the member, provided the member has no family or nominee

The post Big relief for pensioners! Pension complaints will now be resolved sitting at home, know full process first appeared on Rightsofemployees.com.

Explain that under the Employees Pension Scheme-1995 (EPS-95) there are about 75 lakh pensioners beneficiaries across the country. Apart from this, more than 6 crore shareholders are also included under this. EPFO has given a big update regarding crores of pensioners of the country.

What is the validity of Life Certificate?

EPFO told on tweet that submission of life certificate can be submitted at any time. Also told how long is the validity of the life certificate. According to the information released by the organization, its validity is up to one year.

EPS’95 पेंशनभोक्ता अब किसी भी समय जीवन प्रमाण पत्र जमा कर सकते हैं जो जमा करने की तारीख से 1 वर्ष के लिए वैध होगा।#epfo #pension #amritmahotsav
@PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @MyGovHindi @PIBHindi @MIB_Hindi @AmritMahotsav pic.twitter.com/myefoHdGcW

— EPFO (@socialepfo) January 21, 2023

How to submit life certificate sitting at home?

According to EPFO, life certificate can also be submitted online sitting at home. Life Certificate can be submitted digitally to Pension Disbursement Bank, Public Service Center i.e. CSC, IPPB or Indian Post Office, UMANG App and Nearest EPFO ​​Office.

How to deposit Jeevan Praman Patra?

DLC can be done comfortably sitting at home with Jeevan Pramaan. Its process is here-

• You will first have to enter the details of pension account and account holder along with Aadhaar, mobile number.
• After this OTP will come for authentication on email id and mobile number. After OTP verification, you can generate DLC (Digital Life Certificate).
• Now you will have to give the pensioner’s Aadhaar number, pension payment order, bank account details and mobile number.
• After completion of biometric authentication, an SMS will come on your mobile number, which will contain the ID of your Jeevan Pramaan certificate.
• Now the pension issuing authority can access your digital life certificate on the Jeevan Pramaan website if needed.

Documents required for life certificate

• PPO number
• Aadhaar number
• bank account details
• Aadhaar linked mobile number

The post EPS Pensioners! EPFO issued new notification regarding life certificate of pensioners first appeared on Rightsofemployees.com.

Employees’ Provident Fund Organization (EPFO) has made a big change in the pension scheme, which is going to give relief to crores of subscribers. In fact, the Retirement Body Fund has allowed its subscribers retiring in less than 6 months to withdraw the amount deposited under the Employees’ Pension Scheme (Employee’s Pension Scheme 1995) EPS-95.

Decision on appeal of CBT-

According to PTI, this information has been shared by issuing a statement from the Ministry of Labor. It was told that the recommendation made by the Central Board of Trustees (CBT) to the government also includes the facility of withdrawal from their EPS account to the members with a service period of less than six months. There are more than 65 million EPFO ​​subscribers across the country.

Along with this, the Board of Trustees has also recommended to give proportionate pension benefits to the members who have been part of this scheme for more than 34 years. This facility will help the pensioners to get more pension at the time of determination of retirement benefit.

Subscribers now had this permission-

It is worth noting that till now the customers of Employees’ Provident Fund Organization (EPFO) have been allowed to withdraw only the amount deposited in their Employees’ Provident Fund account with less than 6 months of service left. But after this big decision taken by the retirement body fund, now those subscribers will get a big relief, whose total service of only 6 months is left.

Meeting under the chairmanship of Bhupendra Yadav-

In the 232nd meeting held on Monday by the CBT, it was recommended to the government that by making some amendments in the EPS-95 scheme, the retiring subscribers should be allowed to withdraw the amount deposited in the pension fund. In a statement of the Ministry of Labor, it was said that the subscribers of Union Labor Minister Bhupendra Yadav should be allowed to withdraw the amount deposited in the pension fund.

A statement of the Labor Ministry said that in this meeting held under the chairmanship of Union Labor Minister Bhupendra Yadav, a decision was taken on the recommendation to withdraw deposits under EPS-95.

This policy has also been approved-

According to the report, it has been informed by the Ministry of Labor that the Board of Trustees of EPFO ​​has also approved a redemption policy for investment in Exchange Traded Fund (ETF) units. The Board also approved the redemption of ETF units purchased during the calendar year 2018 period for booking of capital gains to be included in income for computing the interest rate for 2022-23.

Apart from this, the 69th Annual Report on the functioning of EPFO ​​for the financial year 2021-22 was also approved by the Ministry of Labor, which will be presented in Parliament.

The post EPFO Pension Rules: Big changes in pension scheme, 6 crore people will get direct benefit first appeared on Rightsofemployees.com.

Employees’ Provident Fund Organization (EPFO) has made a big change in the pension scheme, which is going to give relief to crores of subscribers. In fact, the Retirement Body Fund has allowed its subscribers retiring in less than 6 months to withdraw the amount deposited under the Employees’ Pension Scheme (Employee’s Pension Scheme 1995) EPS-95.

Decision on appeal of CBT-

According to PTI, this information has been shared by issuing a statement from the Ministry of Labor. It was told that the recommendation made by the Central Board of Trustees (CBT) to the government also includes the facility of withdrawal from their EPS account to the members with a service period of less than six months. There are more than 65 million EPFO ​​subscribers across the country.

Along with this, the Board of Trustees has also recommended to give proportionate pension benefits to the members who have been part of this scheme for more than 34 years. This facility will help the pensioners to get more pension at the time of determination of retirement benefit.

Subscribers now had this permission-

It is worth noting that till now the customers of Employees’ Provident Fund Organization (EPFO) have been allowed to withdraw only the amount deposited in their Employees’ Provident Fund account with less than 6 months of service left. But after this big decision taken by the retirement body fund, now those subscribers will get a big relief, whose total service of only 6 months is left.

Meeting under the chairmanship of Bhupendra Yadav-

In the 232nd meeting held on Monday by the CBT, it was recommended to the government that by making some amendments in the EPS-95 scheme, the retiring subscribers should be allowed to withdraw the amount deposited in the pension fund. In a statement of the Ministry of Labor, it was said that the subscribers of Union Labor Minister Bhupendra Yadav should be allowed to withdraw the amount deposited in the pension fund.

A statement of the Labor Ministry said that in this meeting held under the chairmanship of Union Labor Minister Bhupendra Yadav, a decision was taken on the recommendation to withdraw deposits under EPS-95.

This policy has also been approved-

According to the report, it has been informed by the Ministry of Labor that the Board of Trustees of EPFO ​​has also approved a redemption policy for investment in Exchange Traded Fund (ETF) units. The Board also approved the redemption of ETF units purchased during the calendar year 2018 period for booking of capital gains to be included in income for computing the interest rate for 2022-23.

Apart from this, the 69th Annual Report on the functioning of EPFO ​​for the financial year 2021-22 was also approved by the Ministry of Labor, which will be presented in Parliament.

The post EPFO: Big changes in pension scheme, 6 crore people will get direct benefit first appeared on Rightsofemployees.com.