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EPFO launches centralised pension system, benefitting 6.8 mn members

by AIP Online Bureau | Jan 4, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

The Centralized Pension Payments System (CPPS) is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement...
Pitiable: SC on pension of retired high court judges

Pitiable: SC on pension of retired high court judges

by AIP Online Bureau | Dec 18, 2024 | Indian News, Pension & Social Security

The petitioner, who was elevated as a judge of the Allahabad High Court after serving as a judicial officer in the district court for 13 years, had claimed that the authorities had refused to consider his judicial service while computing the pension. New Delhi: The...

OROP: Have decided not to accept recommendations on pension hike, Centre to SC

by AIP Online Bureau | Dec 5, 2024 | Indian News, Pension & Social Security, Policy

Earlier, the bench had come down heavily on the Centre for failing to take any decision for years on the pension payable to retired regular captains in accordance with the OROP scheme and imposed a fine of Rs 2 lakh on it New Delhi: The Centre on Thursday told the...

Welfare pension fraud: Luxury car owners, affluent individuals found on beneficiary lists in Kerala

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

This revelation comes amidst widespread outrage in Kerala following reports that nearly 1,500 government employees, including gazetted officers and college professors, had fraudulently claimed social security pensions Thiruvananthapuram: An audit conducted by the...
EPFO playing key role in providing social security, financial stability to millions: Minister

EPFO playing key role in providing social security, financial stability to millions: Minister

by AIP Online Bureau | Nov 16, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Mansukh Mandaviya,Union Minister for Labour and Employment The number of contributing members to the EPFO has risen by 7.6 per cent to 7.37 crore in 2023-24 from 6.85 crore in 2022-2023, while the number of establishments making contributions to the organisation has...
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