by AIP Online Bureau | Feb 27, 2023 | Indian News, Pension & Social Security
In November 2022, the Supreme Court had upheld Employees’ Pension (Amendment) Scheme 2014. The EPS amendment of August 22, 2014 had raised the pensionable salary cap to Rs 15,000 a month from Rs 6,500 a month, and allowed members along with their employers to...
by AIP Online Bureau | Jan 21, 2023 | Data, Eco/Invest/Demography, Workplace/Employee Benefits
Among the new members, the highest enrolment is registered in the age-group of 18-21 years with 2.77 lakh members, followed by age-group of 22-25 years with 2.32 lakh members. The age group of 18-25 years constitutes 56.60 per cent of the total of new members during...
by AIP Online Bureau | Nov 1, 2022 | Indian News, Pension & Social Security, Policy
Bhupender Yadav,Union Labour Minister ”We have subsumed 29 labour laws into four broad codes. These codes provide for expansion of social security schemes, including EPFO,” the minister said New Delhi; Union Labour Minister Bhupender Yadav on Tuesday said...
by AIP Online Bureau | Aug 21, 2022 | Data, Eco/Invest/Demography
The payroll data shows that the age group of 22-25 years registered the highest number of net enrolments with 4.72 lakh additions during June 2022. This shows that many first-time job seekers are joining the organized sector workforce in large numbers It showed that...
by AIP Online Bureau | Aug 9, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Wealth Management/ Philanthropy, Workplace/Employee Benefits
The EPFO invests 85 per cent of the funds in debt instruments and 15 per cent of the investment is made in ETFs, as per the investment pattern notified by the government New Delhi: Retirement fund body EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds...
