The Employees’ Provident Fund Organization (EPFO) issued a Notification No. GSR 158(E) on 10th February, 2016
The Employees’ Provident Fund Organization (EPFO) issued a Notification No. GSR 158(E) on 10th February, 2016 for amendment in paragraphs 26A, 68-NN, 68-O, 69 and insertion of a new Para 68-NNNN in the Employees’ Provident Fund Scheme, 1952.
Further, on detailed deliberations and on receiving various representations from trade unions, Hon’ble Minister of State (Independent Charge), Labour & Employment has decided to pay the full accumulations standing to the credit of a member, including interest thereon upto the date of payment to a member fulfilling any of the following conditions:-
a) Housing purpose of a member.
b) Self or family suffering from T.B., Leprosy, Paralysis, Cancer or Heart Operation.
c) Marriage of children.
d) Professional education (Medical, Engineering, Dental) of children.
e) Member who has joined an establishment belonging to or under the control of the Central or a State Government and became a member of Contributory Provident Fund or Old Age Pension in accordance with any scheme or rule framed by the Central or the State Government governing such benefits.
On the directions of Hon’ble Minister, the above said provisions will now come into effect from 1st of August, 2016 by issue of an amended Notification in the Gazette of India.
Further, on detailed deliberations and on receiving various representations from trade unions, Hon’ble Minister of State (Independent Charge), Labour & Employment has decided to pay the full accumulations standing to the credit of a member, including interest thereon upto the date of payment to a member fulfilling any of the following conditions:-
a) Housing purpose of a member.
b) Self or family suffering from T.B., Leprosy, Paralysis, Cancer or Heart Operation.
c) Marriage of children.
d) Professional education (Medical, Engineering, Dental) of children.
e) Member who has joined an establishment belonging to or under the control of the Central or a State Government and became a member of Contributory Provident Fund or Old Age Pension in accordance with any scheme or rule framed by the Central or the State Government governing such benefits.
On the directions of Hon’ble Minister, the above said provisions will now come into effect from 1st of August, 2016 by issue of an amended Notification in the Gazette of India.
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