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EPFO issued directions for timely credit of monthly Pension to EPS pensioners

Date: 2020-03-25 16:55:08


The Employees' Provident Fund Organization (EPFO) issued guidelines for timely credit of monthly Pension to the Employees' Pension Scheme (EPS) pensioners.

Highlights:
♦ India has announced lockdowns in several parts of the nation due to the pandemic coronavirus.
♦ The Central Provident Fund Commissioner (CPFC) directed the field offices of EPFO to generate and reconcile pensioners' details and pension amount statements for the current month by 25 March to ensure that no inconvenience is caused to the pensioners.
♦ He directed that the same should be forwarded to the banks in advance so that the monthly pension is credited into the account of the pensioners in time.
♦ The EPFO is disbursing monthly pension to over 65 Lakh pensioners every month under the Employees' Pension Scheme.