EPS Pension Scheme: There is good news for the pensioners of Employees’ Provident Fund Organisation . This good news is about the pension of the Employee Pension Scheme coming in their account . EPFO has issued a circular saying that pensioners should get pension on the last working day of the month. Means now those taking the facility of EPS will not have to wait for 1-2 days of the month for pension.
Now in the Employee Pension Scheme, pension will also be received like salary and will be deposited in the pensioner’s account on the last date of every month. Let us tell you that according to the Employees’ Provident Fund Organization rules till now, the amount of pension was deposited in the account on the first working day of the month, but now it has been changed.
Instructions for depositing pension on time
According to media reports, in the circular issued by the Employees’ Provident Fund Organization, it has been said that the review has been done by the Pension Division and as per the instructions of RBI, it has been decided that all field officers Monthly BRS can be sent to the Pension Department.
In the Employee Pension Scheme, it should be kept in mind that the money is deposited in the pensioners’ account on time. Pension of pensioners should be deposited on or before the last working day of the month. Employees’ Provident Fund Organization has said in its circular that these orders should be strictly followed! Along with this, all the offices should also send instructions to the banks under their jurisdiction to follow these guidelines.
Pension is available after 58 years
Explain that the employees working in the formal sector get pension after the age of 58 years. For this, it is mandatory for the employees to work for at least 10 years. Provident Fund (EPF) and Employee Pension Scheme (Employee Pension Scheme) are deposited in Employees Provident Fund (EPF). Employees who contribute to EPF are also eligible for EPS.
There is great news for lakhs of pensioners of the Employee Pension Scheme. Now you do not have to wait for pension. A major decision has been taken regarding the pension of all pensioners. Let us tell you that there were continuous complaints from the pensioners that they have to wait a long time for pension. For this, the Employees’ Provident Fund Organization has given information by issuing a circular.
Great news for lakhs of pensioners
Employees’ Provident Fund Organization said that now you will not have to wait long for your pension. The pension amount will be transferred to everyone’s account on the last date of the month. It has been said that the pension amount of the Employee Pension Scheme will be transferred on the last working day of the month. Many times the pensioners have to wait for a long time due to leave or any other reasons.
Information given in circular: EPS Pension Scheme
The Employees’ Provident Fund Organization has said in the circular that, “In view of strict compliance of the above instructions, all the offices are informed that they should start the Employees Pension Scheme under their respective jurisdiction.” Issue necessary guidelines/instructions to the banks disbursing pension in the So that proper implementation of the above instructions can be ensured.
Along with this, instructions have also been issued that the Employees’ Provident Fund Organization should give this amount to the banks 2 days before the money is transferred to the pensioner’s account, so that all the work can be done smoothly.
Let us tell you that EPF account holders are considered eligible for this pension. Let us tell you that EPS is necessary for all those employees whose salary and DA together is less than or equal to 15000. The benefit of Employee Pension Scheme is given by EPFO.
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