most of the middle class people retired from private sector have been getting a megre EPS pension anything between Rs.1000 & 2000 per month. This is without any increase for more than last 20 years. Why govt is not taking any care of these people? As you rightly said sir, local circles shall take this matter also to the attention of central govt, department of labour and finance more
Actually retirees from Pvt sector have accepted the system. Govt does not change the rule/policy unless it is made an election issue. Circle may conduct survey on the above and based on the report may take up with GOI. However, industrialists in the Pvt sector which pays huge amount in party fund will object to change, because the present system benefits both GOI and Pvt sector. Employee will come and go. more
EPFO pension (EPS) is nothing but a money making machine for Govt. They give some pension just like interest based on your deposited amount in pension fund. The main catch is death of any person first the same is reduced to half for the wife and NIL after death of wife thus full money goes to Govt. more
If any one of us knows the LAW & how it can be present to the concern authorities. Rest after that, if need personal contributions , we can fight for our objective. more
In a groundbreaking leap for modern financial freedom, the Employees’ Provident Fund Organisation (EPFO) has announced that, starting 2025, its 7 crore members will finally be able to withdra...
withdraw your money regularly for your marriage, health expenses to parents, children's education etc. Don't keep your money there. Some of the other members are right. The makkari and c...
One of our employees father cant seem to withdraw his EPFO funds. His words to the team today: EPFO is not for your welfare. It's a forced investment into govt. securities. J...
Isn't this large scale cheating? Interest on EPF is actually credited almost a year after its due. EPFO maintains a corpus of Rs. 21.3 trillion (2022-23 data). If it delays cre...
Employee Provident Fund (EPF) was started in 1952. It was a provision in lieu of the government's inability to provide social security to the working class on retirement, and was thus kept tax...
More than 10 years in Govt, these guys are not able to solve issues related to EPFO websites and late interest payment 1. Interest for year 23-24 which should have been credited by 31st ...
I suggest @LocalCircles admin run a survey to gauge the sentiment of public w.r.t EPFO in terms of trust/integrity, efficiency, transparency and ease of use.
A well placed family member wrote this yesterday Had always opted out of EPF all my life, till my current employer didn't budge on that request. Thank fully probably will los...
A person with stage IV cancer has 19 lakh stuck with EPF. What a pathetic and heartless system have we created? EPF is nothing but a tyranny inflicted on salaried people by babus and politicians. I...
EPFO should consider shutting down and allowing us to transfer our accumulated EPF corpus to NPS. It's taken 6 months to merge my brother’s old EPF because a DA clerk was transferred, and the...
By Satvik Singh
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