The Employees’ Provident Fund Organisation (EPFO) has issued a circular regarding the standard operating procedure for hiring accommodation for all EPFO offices.
EPFO NEWS
Deadline Set for Submission of First Draft Schemes by EPFO Committees
EPFO under the Ministry of Labour and Employment, Government of India, has issued an order to form committees for the framing of draft schemes under the Social Security Code 2020
Timely Scrutiny of Applications for Validation of Joint Option/Joint Option
The letter, issued by the Employees’ Provident Fund Organization (EPFO) in India, emphasizes the importance of adhering to timelines for the scrutiny of applications for validation of joint options or joint options.
Implementation of Code on Social Security, 2020 for EPFs
EPFO under the Ministry of Labour & Employment, Government of India, has notified certain provisions of the Code on Social Security, 2020 in respect of the Employees’ Provident Funds & Miscellaneous Provisions Act 1952 and EPS’ 1995
1.16% Increased Contribution to the Pension Fund for Employees
The employer’s contribution will be 9.49% of the basic wages, dearness allowance, and retaining allowance of each member by increasing 1.16% from the extant 8.33%.