Thursday, 18 August 2022

 

 

LATEST NEWS Apple To Launch iPhones 14 & Watch Series 8 In Early September, Here’s All We Know Boycott Dobaaraa Trends On Twitter After Anurag Kashyap & Taapsee Pannu Urge People To Do, Netizens Say, ‘Public Has Accepted Challenge’ Vicky Kaushal Told Pandit Ji To Compete All Wedding Rituals In An Hour, Reveals In Koffee With Karan Lily James, Willem Dafoe signed for indie film 'Finalmente l'alba' Terror attack on Kashmiri Pandit cousins triggers outrage, Muslims decry murder, stage protest against terrorists Monkeypox infections rise 20% to over 35K cases, 12 deaths: WHO Alia Bhatt, KJo 'drunk dialed' Vicky Kaushal before wedding with Kat Will further invest in India to boost local innovation: Google Play Rihanna's beau A$AP Rocky pleads not guilty to assault and weapons charges USA make World Cup move after thrilling final-over win against Scotland Florence Pugh hits back at body shamers for commenting on her 'small breasts' BSF troops force Pak drone to withdraw in J&K's Kathua Paul Stirling joins elite group of T20I batters NIA raids multiple places along International Border in J&K India logs 12,608 new Covid cases, 72 deaths Two terrorists with Al-Qaeda links nabbed in Bengal Western & Southern Open: Emma Raducanu defeats Victoria Azarenka in second round Rohit Sharma should be given more time for better results: Saurav Ganguly Elon Musk's tweet sparks debate about parenting Civilisation will be mostly solar-powered in future: Musk MediaTek unveils 5G chip for fixed wireless access routers, mobile hotspots

 

226th Meeting of Central Board of Trustees Held

6.3 Lakh Pensioners to be Benefited from Restoration of Normal Pension After 15 Years From Date of Commutation

Web Admin

Web Admin

5 Dariya News

New Delhi , 05 Mar 2020

The 226th, Meeting of the Central Board of Trustees (CBT), EPF was held today under the chairmanship of  Santosh Kumar Gangwar, Minister of State for Labour & Employment (Independent Charge) and Vice Chairmanship of Heeralal Samariya, Secretary, Ministry of Labour & Employment. Central Provident Fund Commissioner Shri Sunil Barthwal conducted the meeting as Member Secretary, CBT, EPF.

The following key decisions were taken by Central Board, EPF:-

The Central Board recommended crediting of 8.5% annual rate of interest on the EPF accumulations in the EPF members’ accounts for the year 2019-20.

The Central Board ratified and appreciated restoration of normal pension after 15 years from the date of commutation, benefitting about 6.3 Lakh pensioners who had opted for commutation under the erstwhile Para 12-A of EPS, 1995 on or before 25.09.2008.

The Central Board appreciated the timely selection of 240 candidates to the post of Assistants (Assistant Section Officer) in EPFO and also that the selection of 2189 Social Security Assistants  is under way.

The Central Board also appreciated that EPFO has entered into an Agreement with State Bank of India after successfully negotiating waiver of various service charges, which resulted in saving of around Rs. 15 crores annually to EPFO.

The Central Board accorded approval to the proposal for empanelment of Jammu and Kashmir Bank as one of the collecting banks to collect EPF dues in Jammu and Kashmir.

The Board recommended to extend the provision of minimum assurance benefit of Rs. 2.5/3 Lakh, payable to family members of deceased employee who dies while in service. Earlier, the benefit of minimum assurance of Rs. 2.5 Lakh and maximum assurance amount of Rs.6 Lakh was not payable where the member worked in more than one establishment during a continuous period of 12 months preceding the month of death. Now Board has approved to extend these benefits even if a member had worked in multiple establishments.

The Board approved the amendment in Para 28(4) of EDLI Scheme 1976 to delegate the power to Additional Central Provident Fund Commissioners so as to grant online exemption. This will benefit lakhs of employees of more than 25,000 establishments.

Representatives from employers associations, trade unions and senior officials were also present in the meeting.  

 

Tags: Santosh Kumar Gangwar

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD