Latest news with #PensionPaymentOrders
Time of India
27-06-2025
- Business
- Time of India
Has EPFO announced a new form for pensioners to be submitted by July 28? Here's what the government says
New EPS rules from January 1, 2025 A viral news article on social media recently claimed that the Employees' Provident Fund Organisation (EPFO) has issued an urgent notice to all pensioners, warning them that their pension benefits will be suspended if they fail to submit a new EPFO form by 28 July Press Information Bureau's Fact Check (PIB Fact Check) clarified that the viral message was fake and no such new EPFO form has been issued by the Employees' Provident Fund report alleged that pensioners must fill out and submit a newly introduced EPFO form by the given deadline to avoid suspension of their pension. This claim sparked concern among many senior citizens and EPFO subscribersAccording to PIB Fact Check post on social media post, 'It is being claimed in a news article that Employees Provident Fund Organisation (EPFO) issued an urgent notice to all pensioners, warning them that their pension benefits may be suspended if they fail to submit the required new EPFO form by 28 July 2025.'Pensioners covered under the Employees' Pension Scheme (EPS), 1995 will be able to access pension from any bank branch in India as of January 1, 2025. This means pensioners can receive their pensions from any bank or branch in Centralized Pension Payment System is estimated to benefit over 78 lakh EPFO EPS pensioners. By leveraging advanced IT and financial technology, pensioners will have a more efficient, seamless, and user-friendly experience. For retirees who relocate to their hometown after retirement, this would be a huge even in the event that a pensioner relocates or switches banks or branches, the CPPS will guarantee pension delivery across India without requiring the transfer of Pension Payment Orders (PPO) from one office to CPPS represents a significant shift by providing a national-level centralized system that allows pension payout through any bank or branch in functionality will be made available as part of EPFO's ongoing IT modernization program, the Centralized IT Enabled System (CITES 2.01), starting on January 1st, 2025.
Indian Express
19-06-2025
- Business
- Indian Express
EPFO office leads country in processing higher pension claims under SC order
The Regional Office of the Employees' Provident Fund Organisation (EPFO), Chandigarh, has emerged among the top-performing zones in the country in finalising pension-on-higher-wages cases following the Supreme Court's November 4, 2022 judgment. The apex court had opened a window for eligible employees and their employers to jointly apply for higher pensions under the Employees' Pension Scheme (EPS), 1995, on wages exceeding the ceiling limit of ₹15,000, provided contributions were made accordingly, and the employee was in service as on or after September 1, 2014. Following the judgment, the Chandigarh EPFO received a total of 24,250 applications from EPS members, including 19,367 joint option submissions by those still in service after the cut-off date. These were among the highest in the country. To meet the exceptional volume of applications, the regional office worked in a 'mission mode' — beyond office hours and through weekends—- particularly during the last fortnight of the 2024–25 financial year. As a result, 14,158 joint-option applications were processed and approved for higher pension eligibility. Demand letters outlining the lump-sum arrears and interest payable were dispatched by March 31, 2025, with a three-month window for remittance. This accounted for more than 73% of the joint-option applications — ranking the regional office first in the country in percentage terms and third in absolute numbers. EPFO officials said many members have already begun depositing the due amounts, and the office is now in full gear to finalise Pension Payment Orders (PPOs) and disburse arrears by June 30, 2025. Given the high footfall of members seeking status updates, Regional PF Commissioner Dr Kishan Pratap Singh has urged beneficiaries to wait until the first week of July to allow staff to complete the processing efficiently on a first-come, first-served basis. Major gains in claims settlement Dr Singh also highlighted the office's strong overall performance in FY 2024–25. A total of 6,97,372 claims were settled, marking a 37.73% jump from 5,06,325 claims the previous year. Improvements in turnaround time were equally significant. While 91.55% of claims were settled within 10 days in 2024–25, only 77.72% had met that benchmark in 2023–24. Similarly, 99.41% of claims were cleared within 20 days this year, up from 96.86% last year. The claims rejection or return rate also fell to 20.18%, compared to 27.22% in the previous fiscal. This efficiency gain translated into fewer grievances. Complaints dropped from 16,835 in FY 2023–24 to 14,797 in FY 2024–25. In terms of volume, grievances per lakh claims settled fell by 35.6%—from 3,325 to 2, Singh said with the one-time processing of higher wage pension claims nearing completion, subscribers can now expect even faster service delivery and redressal going forward. He said the performance reaffirms EPFO's commitment to improving ease of access, employer facilitation, and overall user satisfaction.
The Hindu
31-05-2025
- General
- The Hindu
EPFO outreach programme held in Salem
The Nidhi Aapke Nikat (PF near you), the monthly district outreach programme of EPFO, was conducted by the regional office in Salem and district offices in Erode, Namakkal, Dharmapuri, and Krishnagiri districts recently. In the programme, Pension Payment Orders (PPOs) issued under the special campaign for settlement of death claims were handed over to beneficiaries/family members of the deceased members. The officials intimated that any beneficiaries/nominees of the deceased EPF members who are yet to get the statutory benefits under the EPF Act and scheme may approach the regional office in Salem or concerned district offices for suitable guidance to avail the benefits.
