Pension Adalat or EPS’95 Pensioners/members & EPFO officers

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Pension Adalat interactive platform for EPS’95 Pensionersmembers & EPFO officers
Earlier, A high-level committee has proposed the increase the wage ceiling under the Employees’ Provident Fund Organization (EPFO).

Social Security Organisations, EPFO has initiated an interactive platform for EPS’95 Pensioners/members and EPFO officer(s) known as Pension Adalat.

EPFO has shared a Tweet from its official Twitter handle saying, “Pension Adalat – An interactive platform for EPS’95 Pensioners/members and EPFO officer(s) #EPFO#SocialSecurity#PensionAdalat#amritmahotsav#services.”

This will help in Strengthening the Employees’ Provident Fund Organization. The Benefits of Pension Adalat are as below:-

  • An interaction for Pensioners/ members of EPS’95 and officer(s) of EPFO.
  • An initiative to educate and to redress problems faced by EPS’95 Pensioners.
  • It is organized in Regional offices in online and offline modes.
  • Pension-related problems are redressed in a speedy manner.

Earlier, A high-level committee proposed the increase the wage ceiling under the Employees’ Provident Fund Organization (EPFO).

The proposed increase to Rs 21,000 per month from the existing Rs 15,000. The government may increase the threshold on the salary of employees.

The last EPFO wage ceiling revision was made in 2014. The wage revision was hiked to Rs 15,000 monthly from Rs 6,500 per month. The scheme currently covers only those organizations that have over 20 workers.

The proposed increase of the salary limit to Rs 21,000 per month has been endorsed by a committee. The committee has said that the government may implement the increase at a later date after discussion and thinking about this in detail.

An expert committee will be formed shortly to revise the wage limit. The threshold is subject to revision of inflation and reviewed periodically for coverage under EPFO.

Previously, The Employees Provident Fund Organisation (EPFO) announced that Employers defaulting on submitting the contributions are liable to pay Damages & Interest.

The Employees Provident Fund Organisation said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount.

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