EPFO: The Employees’ Provident Fund Organization (EPFO) has announced that it will try to get approval by talking on the proposal to set up a central pension disbursal system in the meeting to be held on July 29 and 30. This decision of EPFO will benefit 73 lakh pensioners.
At present, EPFO has more than 138 regional offices across the country. This office itself does the work of distributing pension to the pensioners. These offices are in different areas, so the timing of getting pension to people of different states is also different.
In such a situation, the EPFO plans to create a central system and provide uniform facilities to the pensioners of the whole country.
According to a report,”EPFO will present a proposal to create a central pension disbursal system. The Central Board of Trustees (CBT) will take a decision in this matter in the meeting to be held on July 29-30.”
EPFO is the pension body which provides the facilities of family pension, insurance benefit and retirement benefit.
Know when PF interest will come
According to media reports, the interest money of Provident Fund (PF) can be transferred till July 15. More than 6 crore people are going to benefit from this. The Central Government has already announced 8.1 percent interest for PF employees.
However, no formal announcement has been made by EPFO on when the PF interest will come