PAY payments on retirement day EPFO decision

 Telangana | Written by : Suryaa Desk Updated: Sat, May 20, 2017, 09:08 AM

HYDERABAD: Employees will now receive their Pension Fund (PF) and pension payments on retirement. Employees Provident Fund Organization (EPFO) has decided to provide employee benefit proposal scheme -1952, Employee Pension Scheme (EPS) -1995 members. The company has asked agencies to take appropriate actions. It should be noted that the employers who are retiring should be identified early. The company's shareholders on behalf of the company have been asked to do a month before the retirement date. At least 14 days prior to the retirement date, the employee's PF and pension should submit relevant documents to the relevant office. So that they can pay for the retirement day.