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EPFO Subscribers May Face Curbs On Early Pension Withdrawal—BQ Exclusive
The proposed scheme will also lead to creation of individual pension accounts on which interest will be earned annually.
03 Mar 2021, 06:49 PM IST
The Employees’ Provident Fund Organisation has proposed curbs on early withdrawal of pension contribution by formal sector workers as part of a new scheme that will be notified under the labour codes. The scheme, aimed at higher level of monthly pension post retirement for workers, will also lead to creation of individual pension accounts for the newly employed.“It is proposed that the new pension schemes to be framed under the Socia...
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