The Employees’ Provident Fund Organisation (EPFO) on Monday said it had disbursed enhanced amounts on account of restored pensions for those who had opted for commutation at the time of retirement in place of a lump sum.
In a statement, the EPFO said it had disbursed ₹868 crore in pensions as well as ₹105 crore in arrears on account of the restoration of the commuted value of pension. The government had decided earlier this year to restore the full pensions from May.
“On the recommendation of the Central Board of Trustees (EPFO), the Government of India accepted one of the long-standing demands of workers to allow restoration of the commuted value of pension after 15 years,” it said.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Not convinced? Know why you should pay for news.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
A letter from the Editor
Dear reader,
We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.
Support Quality Journalism