No disparity in Service Rules among IAS, IPS and IFS

No disparity in Service Rules among IAS, IPS and IFS While answering to a question about mentioned above, the concerned Minister replied in a written form in the Parliament as follows… There is no disparity among the IAS, IPS and IFS in implementation of service rules. The All India Service Rules on subjects like Leave, [...]

March 14, 2013  Tags: , , , , , , , , , , ,   Posted in: CCS Rules  No Comments

PF Cases Awaiting Settlement

PF Cases Awaiting Settlement As on 13.12.2012 (for the period from 01.04.2012 to 13.12.2012), out of 107.16 Lakh claims received for settlement order, only 6.96 Lakh claims are pending for settlement. The obstacles faced in settlement of claims inter-alia include: (i) Incomplete claims (no bank account number,incomplete employee details, etc.) (ii) Incorrect claims (wrong account [...]

December 19, 2012  Tags: , , ,   Posted in: NPS, Pension  No Comments

Amendment in Provident Fund Rules – Notification issued by Ministry of Labour and Employment

MINISTRY OF LAROUR AND EMPLOYMENT NOTIFICATION New Delhi, the 5th October, 2012 G.S.R. 744(E).— In exercise of the powers conferred by section 5, read with sub-section (1) of section of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952). the Central Government hereby makes the following Scheme further to amend the Employees’ [...]

October 28, 2012  Tags: , , , ,   Posted in: Uncategorized  No Comments

Fixing Minimum Pension for Provident Fund Subscribers

Fixing Minimum Pension for Provident Fund Subscribers The Central Government had constituted an Expert Committee for reviewing the Employees’ Pension Scheme (EPS), 1995. The recommendations of the Expert Committee were placed before the Central Board of Trustees, Employees’ Provident Fund [CBT (EPF)] for consideration on 15th September, 2010. The CBT (EPF) directed that the report [...]

May 9, 2012  Tags: , , , ,   Posted in: Pension  One Comment

Provident Fund Interest Rates : Revision of SRPF Interest rates

Provident Fund Interest Rates : Revision of SRPF Interest rates The State Railway Provident Fund (SRPF) interest rates has been revised from December 2011 from 8% to 8.6% during the year 2011-12. The interest rates for General Provident Fund has been increased to 8.6% by the Finance Ministry recently. As per the resolution of the [...]

May 3, 2012  Tags: , , , ,   Posted in: CCS Rules, Railways, Uncategorized  No Comments

Interest rate on General Provident Fund (GPF)

Interest rate on General Provident Fund (GPF) The Government of West Bengal has decided to issue 8.6% interest for the funds of General Provident Fund. For the subscribes to the General Provident Fund and other similar funds under the administrative control of the West Bengal Government shall carry interest at the rate of eight per [...]

April 17, 2012  Tags: , , ,   Posted in: Uncategorized  No Comments

Provident Fund Interest Rate slashed to 8.25%…

Provident Fund Interest Rate slashed to 8.25%… Employees Provident Fund Interest Rate slashed to 8.25% from the existing rate of 9.5% for the year 2011-12… Employees Provident Fund Organisation has informed through a office letter to all Regional Provident Fund Commissioners on 14th March, 2012 to take necessary action regarding the interest rate on deposits. [...]

March 16, 2012  Tags: , ,   Posted in: Uncategorized  No Comments

Clarification regarding regulation of payment of employer’s share of contribution to the Contributory Provident Fund during the period of reverse deputation.

No.6/8/2009-Estt.(Pay II) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training New Delhi, the 15th February, 2012 OFFICE MEMORANDUM Subject:- Clarification regarding regulation of payment of employer’s share of contribution to the Contributory Provident Fund during the period of reverse deputation. The undersigned is directed to refer to this [...]

February 15, 2012  Tags: , , , ,   Posted in: DOPT Orders  No Comments

Revision of Pension under PF Scheme

Ministry of Labour & Employment Revision of Pension under PF Scheme PIB : The pension on fixed rates is provided to the employees retiring under the Provident Fund (PF) scheme. The Central Government had constituted an Expert Committee for reviewing the Employees Pension Scheme, 1995 entirely including revision of Pension. The Expert Committee submitted its [...]

November 28, 2011  Tags: , , ,   Posted in: Pension  No Comments

Closing EPF Accounts

Ministry of Labour & Employment   Closing EPF Accounts   There is no such proposal to close the inoperative Employees Provident Fund accounts. However, from 1st April, 2011, interest is not being credited to the account of a member from the date on which it has become inoperative account.   As per un-audited Annual Accounts [...]

August 8, 2011  Tags: , , ,   Posted in: Uncategorized  No Comments