The Employee Pension Scheme (EPS) plays a crucial role in ensuring employees' financial stability in their retirement years by providing them with lifelong pension benefits and social security.
Have you ever wondered how much the PF money deducted from your salary each month will translate into a pension upon retirement? If not, this news is for you. Nearly 70 million people in the country ...
PF: Almost every person working in the private sector saves some part of his earnings and invests it in financial instruments that provide high returns. From this point of view, a PF (Provident Fund) ...
The Employees’ Provident Fund Organisation (EPFO) is a premier social security organisation in the country, with over 300 million accounts, and a live membership of more than 74 million formal sector ...
For most salaried employees, the Employees’ Provident Fund is familiar territory, but the Employees’ Pension Scheme that sits inside it is not. Every month, a part of your employer’s EPF contribution ...
Employees’ pension scheme (EPS) was introduced on Nov 16, 1995, replacing the Employees’ Family Pension Scheme, 1971. This is a social security scheme offered by the Employees' Provident Fund ...
A NEW pension-style withdrawal structure under the Employees Provident Fund (EPF) will apply only to new members who register after the mechanism is implemented, says Deputy Finance Minister Lim Hui ...
In addition to the pension, EPFO also offers life insurance and tax-saving benefits, making it a comprehensive support system for employees in the organised sector. (Image: Financial Express) EPF ...
EPFO: Employees Provident Fund (EPF) is monthly contribution towards an EPF account holder's account. The employee and the employer both contribute to the EPF. Based on contributions and interest ...
Employees can not only secure their future after retirement but can also provide their family with a source of income through the Employees' Pension Scheme (EPS), which is managed by EPFO. From the ...
When switching jobs, you probably focus on transferring or withdrawing your provident fund (PF), assuming your entire retirement savings are covered. But what if part of your money was stuck in ...