After this, the way has been cleared for EPFO ​​members to withdraw pension from anywhere in the country. That is, members involved in the Employees’ Pension Scheme (EPS) can now get their pension from anywhere in the country. According to the information received, this service will start for all EPFO ​​members from January 2025 next year. After this, they will be able to withdraw their pension from any part of the country.

Mansukh Mandaviya had announced

Union Labour and Employment Minister Mansukh Mandaviya last week announced the successful completion of the pilot run of CPPS under the Employees’ Pension Scheme 1995. On the occasion, the Union Minister said that the pilot run has been completed on 29 and 30 October 2024, under which pension of about Rs 11 crore will be disbursed to more than 49,000 EPS pensioners of Jammu, Srinagar and Karnal regions for October 2024.

How will the centralized pension payment system work

Mandaviya said the approval of CPPS is a significant milestone in the modernisation of EPFO ​​and enables pensioners to receive their pension from any bank, any branch, anywhere in the country. This initiative addresses the long-standing challenges faced by pensioners and ensures a seamless and efficient disbursement mechanism. “This is a significant step in our ongoing efforts to transform EPFO ​​into a more robust, responsive and tech-enabled organisation committed to better serving the needs of its members and pensioners,” he said.

When will it start for EPFO ​​members across the country?

As part of EPFO’s ongoing IT modernisation project Centralised IT Enabled System (CITES 2.01), the new CPPS system will be fully rolled out by January 2025 and will benefit over 78 lakh EPS pensioners of EPFO. EPFO ​​is continuously working towards improving services for EPS pensioners and the new CPPS system is a major improvement in this direction. The 109th meeting of the Executive Committee of the Central Board of EPFO ​​on October 10 discussed steps to enable centralised pension payments as well as improve IT related software and hardware and noted the timelines for completion of the overhaul of the IT system. The Executive Committee is a statutory committee under the EPF Act, 1952 whose function is to assist the Central Board, EPF in discharging its functions.

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The post EPF Pension Withdrawal: Good news for members! New service will start for EPFO ​​members from this date, Details here first appeared on Rightsofemployees.com.

Bad News For PF Members: PENSION WITHDRAWAL BENEFIT CLAIM IS ALREADY SETTLED.

Friends, through form-19, the PF money is fully received with interest, but in most cases it has been seen that the correct amount of pension money is not credited in pension withdrawal through Form 10C, the calculation rules of pension amount behind this. is responsible Till earlier, if your pension money was less, then you could apply again by claiming Form 10c to get the remaining pension money, but now if you have withdrawn your pension money once through form-10c So you will not be able to claim Form 10c again, because as soon as you select CLAIM FORM (31,19,10C&10D) by going to the claim form option on the Online Services tab, you will get something like this and the online form page will not open

Why Does PF Pension Money Come Down?

Friends, by making full and final claim of your PF money which is shown in the passbook, the PF money comes only by means of Form 19, because interest is also added to the amount of PF till the date of withdrawal, but Calculation of pension amount also depends on your length of service and your basic salary and pension amount is calculated according to Table-D, the more service and higher the basic salary, the higher will be the pension amount. However, many times there is a mistake in the calculation of pension amount on the part of EPFO, due to which the PF pension money is less and this happens because the rule of calculation of pension amount is a bit curved.

Now Why Will You Not Be Able To Claim Pension Again Under Form 10c

Friends, if told correctly, EPFO ​​has not officially given any information in this matter, so there can be two reasons for this.

First Reason- Technical Issue

As you all know that many times some work is not done on Unified Member Portal due to some technical flaw, then it may also be a technical fault because there is no such update for form-19. and you can claim form-19 again.

Second Reason

Or maybe it is an update done by EPFO ​​and now form 10c cannot be claimed again, if the other reason is true then it is a bad news for pf members because if their pension money has come less Then he will not be able to claim again to get the rest of the money.

The post EPF Pension Withdrawal: Now You Will Not Be Able To Apply Form-10c Again first appeared on Rightsofemployees.com.