EPFO to launch system for discouraging premature withdrawals - Tv9 Gujarati
- 8 years ago
Retirement fund body EPFO plans to launch 'One Employee One EPF Account' system on May 1 to dissuade premature PF withdrawals and encourage state governments to join its pension system.
The decision was taken on April 21 in EPFO's internal meeting, a day after the government rolled back its decision to tighten PF withdrawal norms restricting subscribers to withdraw employer's share of PF contributions (3.67 per cent of basic wages) before the age of 58 years, among others.
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The decision was taken on April 21 in EPFO's internal meeting, a day after the government rolled back its decision to tighten PF withdrawal norms restricting subscribers to withdraw employer's share of PF contributions (3.67 per cent of basic wages) before the age of 58 years, among others.
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