Higher Pension for employees retired prior to 01.09.2014 – EPFO Guidelines circular 29.12.2022-Tamil

Higher Pension for employees retired prior to 01.09.2014 – EPFO Guidelines circular 29.12.2022-Tamil English Version: All types of HR/Management consulting please call us @8754417689 We do Recruitment / Payroll Processing / Payroll compliance - PF/ESI / GST compliance / Soft skill training / Technical Trainings / Website Development / ERP Development visit our website (www.oncallhrit.in), LinkedIn page. Please visit our page to get more job openings / knowledge sharing Whatsapp: Telegram: To get more videos and tips - Subscribe & click all in bell icon ...(read more)

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The Employees' Provident Fund Organisation (EPFO) has issued a circular dated 29th December 2020, introducing higher pension for employees who retired prior to 1st September 2014. This is a welcome move for the thousands of retired employees who have been waiting for a long time for their pension to be revised. The EPFO has made it mandatory for all employers to pay higher pension to employees who retired prior to 1st September 2014. The new pension amount will be calculated based on the average of the best 10 years of their service. The amount will be calculated as per the formula of 2.5 times of the average of the best 10 years of service. The amount will be paid as a lump sum amount or in installments as per the discretion of the employer. This move is expected to benefit thousands of retired employees who have not received their pension for a long time. The EPFO has also clarified that the revised pension amount will be paid to the employees in addition to the amount already paid. This means that the employees will get the additional pension amount as a lump sum amount or in installments, as per the discretion of their employer. The EPFO has also clarified that the revised pension amount will be paid to the employees irrespective of their age. This means that even if the employees are in their 70s or 80s, they will still receive the additional pension amount as per the new guidelines. The EPFO has also clarified that the revised pension amount will be paid to the employees irrespective of their current financial position. This means that even if the employees are financially stable, they will still receive the additional pension amount as per the new guidelines. The EPFO has taken this initiative to provide financial security to the elderly retired employees. The move is expected to benefit thousands of retired employees who have been waiting for a long time for their pension to be revised. This move will also ensure that the retired employees are able to lead a comfortable life post-retirement. https://inflationprotection.org/higher-pension-for-employees-retired-prior-to-01-09-2014-epfo-guidelines-circular-29-12-2022-tamil/?feed_id=72962&_unique_id=63f6cd17a4186 #Inflation #Retirement #GoldIRA #Wealth #Investing #corporatetraining #enhancedpension #epfoguidelines #factoriesact #guidelines #higherpension #hrservices #judgement #labour #labourcodes #pensioneligibility #pfjudgement #recruitment #statutory #supremecourt #act #bonus #court #epfo #hr #pension #Returns #training #RetirementPension #corporatetraining #enhancedpension #epfoguidelines #factoriesact #guidelines #higherpension #hrservices #judgement #labour #labourcodes #pensioneligibility #pfjudgement #recruitment #statutory #supremecourt #act #bonus #court #epfo #hr #pension #Returns #training