The Centre reportedly is planning to ask EPFO to design new provident fund and pension schemes for self-employed and gig workers under the Social Security Code, offering flexible contributions
An officers' union of the retirement fund body EPFO has sought withdrawal of a provision which enables the appointment of officers on deputation in a newly-constituted panel set up for cadre restructuring. The EPF Officers' Association (EPFOA) has written a letter to the Central Provident Fund Commissioner (CPFC) of the Employees' Provident Fund Organisation, Ramesh Krishnamurthi, seeking the removal of the deputation clause from the terms of reference (TOR) of the cadre restructuring (CR) committee constituted by the EPFO on November 25. The letter said that earlier the EPFOA had challenged the practice of appointing officers on deputation and had got a favourable judgement from the Central Administrative Tribunal (CAT) in 2007. Another case has also been filed by EPFOA against such improper appointment, and it is currently pending before the Punjab & Haryana High Court, it said. Despite this, whenever there is talk of cadre restructuring (CR) in EPFO, the issue of deputation is .
PFRDA Chairperson S. Ramann discusses the future of India’s retirement system, and whether employees may soon have the freedom to choose between the EPF and the NPS
A bench of Chief Justice DK Upadhyay and Justice Tushar Rao Gedela delivered the verdict in the case filed by SpiceJet and LG Electronics India
India Post Payments Bank to offer facility for millions of EPS retirees
The new EPFO scheme offers a six-month window for employers to enrol eligible workers and expand social security coverage across India
EPF subscribers should continue to save separately for housing, and children's education and marriage
In a major move that’s set to make life easier for over seven crore salaried Indians, the Employees’ Provident Fund Organisation or EPFO has announced major changes to its withdrawal rules
The Employees’ Provident Fund Organisation (EPFO) has clarified new withdrawal rules after facing public confusion and backlash.
PF withdrawal New Rules: Members who become unemployed can withdraw 75% of provident fund balance immediately, they say after Trinamool MP's criticism
Under the proposed withdrawal rules, a member cannot fully withdraw until they satisfy the waiting period (e.g. 12 months for EPF, 36 months for EPS).
The Mercer report has flagged limited coverage of informal workers, poor adequacy, and regulatory fragmentation as key challenges for India's pension framework
EPFO says members can withdraw 75% of their PF immediately after job loss, while the remaining 25% can be taken only after 12 months of continuous unemployment to preserve pension benefits
According to the Global Pension Index 2025, few nations have cracked the code, with the Netherlands, Iceland, and Denmark leading, and India, Philippines, and Thailand among those lagging far behind
The EPFO manages or oversees a retirement corpus worth about ₹25 trillion, which is expected to grow sharply as India's workforce becomes more formalised
Attacking the Modi government over the change in EPFO rules, the opposition on Wednesday alleged that salaried people are being punished for the Modi government's "mishandling of the economy" and urged Labour and Employment Minister Mansukh Mandaviya to scrap the "draconian" provisions. The opposition hit out at the government over the specific change to the period for availing premature final settlement of EPF from the existing 2 months to 12 months and final pension withdrawal from 2 months to 36 months. They also slammed the provision of earmarking 25 per cent of the contributions in the members' account as minimum balance to be maintained by the member at all times. In a post on X, Congress MP Manickam Tagore said the Modi government's new Employees' Provident Fund Organisation (EPFO) rules are nothing short of "cruelty". "Pensioners and job-losers are being punished for needing their own savings. Prime Minister Narendra Modi ji this is the time to intervene and stop Mansukh .
Employers can enrol all existing employees who joined the establishment between July 1, 2017, and October 31, 2025, and who are alive and employed on the date of the declaration
Workers changing jobs will now have to wait up to a year before they can withdraw their provident fund fully
Thirteen rules for withdrawals consolidated to three, as pension manager announces several measures for liberalisation
The committee with members from RBI, Labour and Finance Ministries will draft a roadmap to improve EPFO's fund management and accounting practices