EMPLOYEES PENSION SCHEME
7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and more
The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fund Organisation, it provides monthly pensions, family pensions, and disablement pensions.
Annapurna Bhandar portal in Bengal: How to apply at socialregistry.wb.gov.in, eligibility, application process and how to check ₹3,000 payment status
West Bengal's Annapurna Bhandar scheme can be accessed through socialregistry.wb.gov.in.. Eligible women will receive ₹3,000 monthly directly into their bank accounts, the government has said. This scheme replaces the previous Lakshmir Bhandar programme and beneficiaries can check their payment status online. The government ensures funds are transferred to Aadhaar-linked accounts.
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed
Employees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This government-backed benefit protects families in case of an EPF member's death during service. Eligibility requires active EPF membership and employer contributions. Claims are processed by EPFO, with updated nominations expediting the procedure.
Govt employee missing for over 7 years; son denied compassionate job, loses case in HC for this reason
A son's plea for a compassionate job after his government employee father went missing for over seven years was rejected by the Telangana High Court. The court cited a rule stipulating that employees with less than seven years of service remaining at the time of disappearance are ineligible for such appointments, regardless of the presumption of death.
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8th Pay Commission latest news: Railway pensioners' body demands one rank one pension, inflation-linked pension revision
Retired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and increments to combat inflation. The association seeks improved allowances, welfare benefits, and retirement provisions.
Free travel for women in KSRTC buses to cost Rs 712-1,300 cr annually, says Kerala Minister CP John
Kerala will introduce free bus travel for women on KSRTC buses from June 15. The scheme, a poll guarantee, will include transgender persons. State Transport Minister CP John stated the annual cost will range from Rs 712 crore to Rs 1,300 crore. John said details of the scheme would be announced by Chief Minister VD Satheesan after the Cabinet meeting on June 10. The government stated that it will provide the necessary subsidy.
4,800 illegal immigrants sent to Bangladesh from Bengal's border districts, says Suvendu Adhikari
West Bengal Chief Minister Suvendu Adhikari stated that 4,800 illegal immigrants have been sent to Bangladesh. He also detailed efforts to secure the India-Bangladesh border and outlined new welfare initiatives for women and healthcare improvements. The government is also implementing the Ayushman Bharat scheme and plans to announce further benefits for state employees soon.
IAS body seeks tougher rewards for tough postings
The Central IAS Association has submitted recommendations to the 8th Central Pay Commission. They are seeking a review of policies regarding hard station postings and the new pension scheme. The association also wants a re-evaluation of how salary increases are determined. These recommendations come as the June 15 deadline for the 8th CPC approaches.
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95
Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if their Employees' Provident Fund EPF balance is zero. Failing to do so can create gaps in pensionable service. This impacts future pension eligibility and the monthly pension amount.
8th Pay Commission salary hike: Why this employee body is recommending Rs 55,000 minimum basic pay to 8th CPC
The Jammu & Kashmir Employees' Federation has urged the 8th Pay Commission to implement a fitment factor of 3.05 and a minimum basic pay of Rs 55,000 for central government employees. Their proposal includes revising family units, merging dearness allowance, and adjusting for increased consumption costs to achieve this target.
EPFO member alert: Your nominee may lose provident fund, pension, other benefits if you make this little mistake
EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family members can receive EPF, EPS, and EDLI benefits without delays. Failure to e-sign means the nomination won't be processed in case of the member's death.
EPFO: When can EPF interest be credited to your account? Check here
EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with administrative lags. Members can check their updated passbook for confirmation.
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accounts
Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By filing Form 40 electronically before the income tax return deadline, taxation shifts from accrual to withdrawal basis. This option, once exercised, is generally irrevocable but becomes void if the individual becomes a Non-Resident.
8th Pay Commission latest news: 8th CPC to visit Kolkata in July 2026; memorandum submission deadline extended
The 8th Pay Commission is set to hold crucial meetings in Kolkata from July 9-10, 2026, extending the memorandum submission deadline to June 15. This body, tasked with reviewing salaries and pensions for central government employees, will also visit Srinagar and Ladakh in June. Its recommendations, due in 18 months, will consider economic factors and fiscal discipline.
EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HC
The Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Provident Fund on actual wages can now claim a higher EPS 95 pension. The court quashed the EPFO's rejection orders. This decision allows eligible employees to exercise joint options for enhanced pension calculations.
EPS pension alert: Can't submit your Life Certificate? Here's the process EPFO wants you to follow
EPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from the postal department. A simple call to 033-22029000 will arrange for a postal worker to visit and submit the certificate free of charge, ensuring uninterrupted pension payments.
8th Pay Commission latest news: 8th CPC announces Bhubaneswar visit schedule for June; check meeting dates and details
The 8th Central Pay Commission is set to visit Bhubaneswar on July 6 and 7, 2026. Central government organizations and unions can request appointments by May 31, 2026.
NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscape
India's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contributions still dominate, private sector growth is steady. In an interview with Sriram Iyer, MD & CEO of HDFC Pension, he spoke about the growing role of NPS in retirement planning, NPS performance and more.
SBI staff's 2-day nationwide strike deferred
The scheduled nationwide strike by SBI staff for May 25-26 has been cancelled. This decision comes after successful dialogue between the bank's management and representatives from the employee union in Mumbai.
Bengal govt launches verification drive for Annapurna Yojana beneficiaries ahead of rollout
West Bengal is preparing for the Annapurna Yojana, a new financial assistance scheme for women. A thorough verification of beneficiaries is underway to ensure a clean and accurate database. This exercise aims to remove ineligible names and authenticate genuine recipients. The scheme, offering a monthly allowance, will commence on June 1.
8th Pay Commission latest update: 8th CPC announces Lucknow visit schedule for June; check meeting dates and details
The Eighth Central Pay Commission will visit Lucknow on June 22 and 23, 2026. Central government organisations, institutions, unions, and associations in Uttar Pradesh can request appointments.
SBI Bank Holiday Alert 2026: SBI branches may remain closed for up to 6 days from May 23-28 due to weekend, strike and Bakrid
SBI bank holidays May 2026: SBI branches may be closed for up to six days from May 23, 2026, due to a weekend, a proposed two-day staff strike, and the Bakrid holiday.
8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fix
Railway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum salary and multiple fitment factors. They also seek higher House Rent Allowance rates and the inclusion of training periods for MACP calculations. The association aims for these suggestions to be part of the commission's recommendations.
Minimum EPS-95 pension increased to Rs 7,500? EPFO says this
A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The Employees Provident Fund Organisation has officially stated this notification is fake. The current minimum pension provided by the government stands at Rs 1,000 per month for eligible subscribers.
8th Pay Commission, OPS and rising court cases: 7 issues key central government employee body raised in its 49th annual meet
The 49th annual meeting of the NC-JCM, presided by Cabinet Secretary TV Somanathan, addressed key central government employee concerns. Discussions focused on demands for the 8th Pay Commission, restoration of the Old Pension Scheme, and the increasing number of pending court cases. The meeting also highlighted issues like delayed government order implementation for AIIMS employees and non-implementation of arbitration awards.
8th Pay Commission pension update: 5 key pension issues discussed in NC-JCM meeting
Central government employees' pension demands were discussed at the NC-JCM meeting. Cabinet Secretary TV Somanathan assured that pension increment every five years and family pension reduction issues will go to the 8th Pay Commission. Physically disabled dependents will have income certificate requirements examined. Old Pension Scheme for certain employees recruited before December 22, 2003, is being considered.
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