Most importantly, good for government employees of the center, since an announcement of an increase of 2% in Dearness Allowance is likely to be made at any moment. The relief will come as almost an immediate help to millions of employees and pensioners from the agnostic financial woes that have had to bear due to … Read more
Such talk within the Employees’ Provident Fund Organization would be quite an important initiative that promises to increase financial security for the employees in the private sector. It is to raise the existing minimum pension entitlement under the Employees’ Pension Scheme (EPS-95) to ₹9,000 per month, which has been creating demand. On enforcement, this would … Read more
Everything retirement-related could experience extreme flow changes by April 2025 with the advent of a Unified Pension Scheme (UPS, from here on), which aims to ensure financial security for employees in all sectors, while also providing another range of benefits in conjunction with a pension system. Meaning Of Unified Pension Scheme (UPS) The Unified Pension … Read more
The Employees’ Provident Fund Organisation has made an important change regarding the transfer of provident fund accounts of employees online. It aims to make life easier for employees who change jobs often. Stepwise procedure and the advantages of online PF account transfer have already been discussed in detail. Advantages Of Online PF Transfer Eligibility For … Read more
Central government employees and an army of pensioners wait for a Dearness Allowance announcement, which, however, goes through certain processes that span six months so as to alleviate inflation and sudden changes to life costs. There are wide rumors being created around this subject that has given rise to various speculations which can further boost … Read more