Changes made by the government

Let us tell you that the government has made many changes regarding EPFO. Actually Employees Provident Fund Organization ie EPFO ​​filed a petition in the Supreme Court. This petition was against the decision of the Kerala High Court. Let us tell you that the Kerala High Court had ordered to give pension to all private sector employees according to their full salary. But later this order has also been continued by the Supreme Court. But now at this time the pension is calculated by the EPFO ​​on the basis of the limit of basic salary of Rs 15,000.

Let us tell you that after this order of the Supreme Court, the employees will now be given pension according to the full salary. If seen, according to this, the employees will get many times increased salary. Although there will be no significant loss. Although there will be so much loss that the pension will increase in this, but the fund of the pension fund will automatically decrease. However, it will not make much difference, because the pension itself will be increased so much that the calculation will be equal.

Explain that only 12 percent of the basic salary of the employees will be deposited in the PF and the company has to deposit 12 percent in its name. However, in the company’s 12 per cent stake, 8.33 per cent i.e. not more than Rs 1,250 per month goes to the pension fund and the remaining 3.66 per cent goes to the PF.

Accordingly, 8.33 per cent of the basic pay of the company employee up to Rs 6,500 i.e. a maximum of Rs 1,250 per month has been increased. The government started the Employees Pension Scheme in the year 1995.

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You will not be able to take advantage of the Pension Fund if you do not submit the Jeevan Pramaan. Digital Life Certificate or Life Certificate can be submitted online and offline. You can submit the life certificate online by visiting the portal of the bank or scheme.

Life certificate has to be given every year to continue getting pension. After completion of one year, you may be deprived of submitting life certificate if you do not know the last date. In such a situation, you can continue to get pension by checking the status of Digital Life Certificate.

What is Digital Life Certificate
This is a digital certificate for pensioners, in which the biometric and physical information of the pensioners is as per the Aadhaar card. Digital Life Certificate is a valid certificate under the IT Act. This is the proof of the survival of the pensioners, on the basis of which the benefit of pension is given every month.

How to download Jeevan Pramaan Mobile App 
According to Jeevan Pramaan website, you can download life certificate online on mobile.
To download the app, first go to https://jeevanpramaan.gov.in.
Now enter email id, captcha and agree to download.
After this enter the OTP received on the email.
After entering OTP, you have to click on download mobile app.
You can download the apk file by clicking on the link received in the email.

The post Jeevan Pramaan Status: Check the status ofc like this, pension money will not stop first appeared on Rightsofemployees.com.

What changes in pension withdrawal rules? Who benefits how much?

EPFO decided to allow withdrawal of deposits in Employees’ Pension Scheme-1995 (EPS-95) for those account holders who have only less than six months of service left. This facility will help the pensioners to get more pension at the time of calculation of retirement benefits.

CBT recommends changes in EPS-95 scheme-

In a statement issued by the Ministry of Labor, it has been said that the Central Board of Trustees (CBT), headed by Union Labor Minister Bhupendra Yadav, in its 232nd meeting held on Monday, has recommended to the government to make some amendments in the EPS-95 scheme.

Now there is a facility to withdraw PF before retirement-

At present, members of the Employees’ Provident Fund Organization (EPFO), who have less than six months of service left, can withdraw the amount deposited in their PF account…..then will get more pension?

The board has recommended proportionate pension benefits to the members who are in the scheme for more than 34 years.

Where to invest after retirement?

After retirement, senior citizens are generally looking for such a place of investment from where they can get regular income. There are options like Senior Citizen Savings Scheme, Pradhan Mantri Vaya Vandana Yojana, Fixed Deposit with Bank, Special Term Deposit, Reserve Bank’s Floating Rate Savings Bonds 2020 (Taxable), Post Office Monthly Income Scheme and Post Office Time Deposit Account.

The post Pension Withdrawal Rules: Employees can withdraw pension money before retirement, know new rules first appeared on Rightsofemployees.com.