The Central Board of Trustees (CBT) of the Employee Provident Fund has approved a proposal for the restoration of commuted value of the pension to the Pensioners after 15 years of drawing commutation under the EPS 1995 scheme.
Context
The Central Board of Trustees (CBT) of the Employee Provident Fund has approved a proposal for the restoration of commuted value of the pension to the Pensioners after 15 years of drawing commutation under the EPS 1995 scheme.
About
Employees’ Provident Fund Organisation (EPFO)
Structure The Act and all its Schemes are administered by a tri-partite Board called Central Board of Trustees (EPF). It has representatives of Government (both Central and State), Employers and Employees. The Central Board of Trustees (EPF) operates 3 schemes: a) The Employees’ Provident Funds Scheme 1952 (EPF) b) The Employees’ Pension Scheme 1995 (EPS) c) The Employees’ Deposit Linked Insurance Scheme 1976 (EDLI) The EPF Organisation (EPFO), is an Organization that is established to assist the Central Board of Trustees (EPF) |
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