All of the pensioners of the Workers’ Provident Scheme (EPS) have to submit their Virtual Life Certificate (DLC) by 30 November. This has led to the pensioners to face difficulties as a result of the lengthy queues and rush to submit the DLC. Now, the Workers’ Provident Fund Organisation (EPFO) not too long ago tweeted that the Life Certificate or Jeevan Pramaan Patra can also be submitted by EPS ’95 pensioners at any time. The Jeevan Pramaan Patra goes to be legitimate for 365 days from the submission date. Should you don’t submit the certificates ahead of the closing date, then you’ll forestall getting your pension. It will have to be famous that you wish to have your Aadhaar quantity, PPO Quantity, checking account details, and call quantity related along with your Aadhaar so as to submit the lifestyles certificates.(*30*)
Take a look on the tweet posted by EPFO:(*30*)
In accordance to the Union Ministry of Labour & Employment, the EPF’s corpus is made up of:(*30*)
- Employer’s contribution at 8.33 in step with cent of wages.
- Central Govt’s contribution by way of budgetary make stronger at 1.16 in step with cent of wages, up to Rs.15,000 a month.
The EPFO pensioners can submit their Life Certificate both digitally or bodily. If you’re choosing the offline mode, then you’ll have to consult with the financial institution or a publish place of business.(*30*)
The social safety scheme EPS-95 was once introduced by EPFO on 19 November 1995. This scheme supplies pensions to workers who labored within the organised sector after their retirement at 58 years of age. The pensioners earn all advantages beneath the scheme out of such accumulations. As mandated beneath paragraph 32 of the EPS, 1995, the fund is valued every year.(*30*)
Workers eligible for the EPF scheme are eligible for EPS as neatly. However the advantages of the EPS scheme are to be had best to workers who have been in provider for a minimum of 10 years. The advantages prolong to each present and new EPF individuals.(*30*)
A contribution of 12 in step with cent is deducted from fundamental wage and Dearness Allowance (DA) to the EPF by each workers and employers. The entire portion of the worker’s contribution is going to EPF and the employer’s contribution is going at a fee of 8.33 in step with cent to the EPS.(*30*)
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