The Latest Breaking News from EPFO

Data | The contours of India’s ‘formal jobs’ crisis

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The Hindu · Aug 3, 2023

EPFO’s IT system collapsing, software causing wastage of time: officers send SOS to Centre

Warning that any delays in procuring new servers and hardware will cost the EPFO and its members “dearly”, the EPF Officers’ Association (EPFOA) has pointed out that they maintain over 25 crore employees’ PF accounts, with a massive corpus of ₹21 lakh crore.

The Hindu · Jul 26, 2023

Union government approves 8.15% interest rate for PF deposits

The CBT had recommended an increase to 8.15% from 8.10% interest to the deposits on March 28, 2023. Read more on The Hindu.

The Hindu · Jul 24, 2023

EPFO extends deadline to apply for higher pension till July 11

The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for members to apply for higher Provident Fund pension till July 11.

The Hindu · Jun 26, 2023

CBI arrests EPFO official for allegedly receiving Rs 12 lakh bribe

“The Central Bureau of Investigation (CBI) has arrested an enforcement officer of the Employees’ Provident Fund Organisation (EPFO) while he was allegedly taking ₹12-lakh bribe for settling the penalty against a hospital manager,” officials said on June 13.

The Hindu · Jun 13, 2023

Delhi High Court directs EPFO to investigate journalist’s plea on Statesman withholding PF dues

The Delhi High Court last week issued an order directing the Employee Provident Fund Organisation to take note of a former Statesman journalist’s complaint about not receiving his provident fund.

Newslaundry · May 23, 2023

EPFO enrolment data shows over 14 lakh jobs were added in Tamil Nadu’s formal sector in FY 2022-23

EPFO enrolment data shows over 14 lakh jobs were added in Tamil Nadu’s formal sector in FY 2022-23. The maximum addition was seen in the age group of 18-21, where 3,7,6872 jobs were created. Segments such as manufacturing, electronics and real estate had done well in the State

The Hindu · May 21, 2023

Higher pension: EPFO directs offices to calculate dues with interest

The EPFO had recently extended the date for submitting joint options with employers for availing higher pension till June 26

The Hindu · May 10, 2023

Additional contribution of 1.16% for higher pension to be drawn from employers' payout

Additional contribution of 1.16% of basic wages for subscribers opting for higher pension will be managed from employers’ contributions to social security schemes run by retirement fund body Employees’ Provident Fund Organisation (EPFO.)

The Hindu · May 4, 2023

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP

Kerala MP John Brittas, in a letter to Union Labour Minister Bhupender Yadav said the Supreme Court’s November 2022 judgement “does not negate the right of higher pension” for pre-2014 retirees; he also said the online portal for those who wished to avail themselves of higher PF pension was riddled…

The Hindu · May 4, 2023