Page 34 - Epfo

EPFO asks field offices to receive PF dues through e-mode only

There is no provision of making payment of PF contribution through physical mode after June 30, 2016 as per the scheme, EPFO official said

EPFO avoids private route for ETF corpus management

As of now, only SBI Mutual Fund and UTI Mutual Fund eligible bodies to manage the corpus

Pledging PF to buy home may soon become reality

Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments. "We are working on a housing scheme for members of the Employees' Provident Fund Organisation (EPFO). Under it, members will be allowed to pledge their PF accumulations to buy homes," Labour Secretary Shankar Aggarwal told PTI. He added that the proposal will be placed before the EPFO's Central Board of Trustees meeting expected next month. Once approved by the CBT, the scheme will be available for the subscribers. Finer points of the scheme, as to what extent subscribers will be eligible to avail loans and what will qualify as a low cost house, are yet to be worked out. Aggarwal further said: "We don't want to impose anything on the subscribers. Therefore, we will not buy land or build houses for them. They will be free to choose their own homes from the open market." The panel ..

Unions against diverting unclaimed EPFO deposits, boycott meet

Unions boycotted meeting over alleged attempts at diversion of provident fund money by the government to the Senior Citizen's Welfare Fund

Trade unions boycott EPFO trustees' meet

EPFO trustees' meet was called mainly to increase the proportion of body's investment in Exchange Traded Fund

EPFO likely to raise equity investment to 10%

EFPO, at present, invests 5% of investible deposits in ETFs despite opposition by labour unions

EPFO to consider hike in ETF investments next week

EFPO, at present, is investing 5% of investible deposits in ETFs despite opposition by labour unions

No proposal to hike EPFO investment in ETFs: Bandaru Dattatreya

Central Board of Trustees, Employees' Provident Fund has approved investment of only 5% in ETFs

EPFO may invest up to 12% in equity markets: Dattatreya

As of now, market value of total investment stands at Rs 8,024 cr with 7.45% yield

EPFO relaxes UAN rule for PF settlement, but sets riders

EPFO had made it mandatory to provide the UAN on claim application forms in December 2015

Govt supports investing higher EPF sum in ETF

Decision to be taken in next meeting this month; unions to oppose

EPFO set to hike proportion of ETF investments

EPFO began parking 5% of investible deposits in ETFs last fiscal; will fix quantum of percentage increase in July 7 meeting

Government amends EPS-95 to provide Rs 1,000 minimum monthly pension

The annual grant of about Rs 850 crore will be provided on a tapering basis

Decision on increasing EPFO investment in ETFs on July 7

Finance Ministry had last year notified to allow EPFO to invest a minimum of 5% and up to 15% of its funds in equity or equity-related schemes

Seven firms in race to manage EPFO's equity investments in FY17

At present, SBI Mutual Fund is looking after EPFO's stock investments in ETF

EPFO plans to hire social media agency

The development comes in the wake of protests and street violence in Bengaluru earlier this year

EPFO may soon allow members to contribute for pension scheme

At present, an employer contributes 8.33% of basic wages of Rs 15,000 a month to the EPS 95

Decision soon on increasing EPFO investments in ETFs: Bandaru Dattatreya

Dattatreya said that the government made an investment of Rs 7,000 crore till May 31 this year, 75% in National Stock Exchange and 25% in BSE

Unions oppose move to increase EPFO investment in stocks

According to the unions, the labour ministry had produced figures clearly showing that the return on equity was going down

Unions to oppose increased investment in equity

An analysis by EPFO found that it has earned a negative return of 9.54 per cent on its Rs 5,920-crore investment