21 hrs ago
EPFO Credits August Pensions Early to Kerala Beneficiaries
The Employees' Provident Fund Organisation paid August pensions early to pensioners in Kerala.
A total of 4,40,901 pensioners received the payment.
The money was sent on 26 August, before the Onam festival.
This was done so pensioners and their families could use the money for their needs and celebrations.
Eligible members usually receive a pension after having EPFO membership for more than 10 years.
Pension payments normally begin at age 58 under the pension scheme.
Pensioners can view their account details on the EPFO website or the Umang app.
They need to keep submitting a life certificate so their pension does not stop.
The article does not explain how to check the payment by SMS.
The EPFO credited August pensions to 4,40,901 pensioners in Kerala on 26 August.
The early payment was arranged to help pensioners and families prepare for Onam celebrations.
Transfers were made directly to bank accounts through the Centralised Pension Payment System.
Eligible EPFO members generally receive pensions from age 58 after more than 10 years of membership.
Pensioners can check passbook details through the EPFO portal or Umang app, while the article gives no SMS instructions.
- Who
- The Employees' Provident Fund Organisation credited pensions to 4,40,901 pensioners in Kerala.
- What
- August pensions were paid early through the Centralised Pension Payment System.
- Where
- Kerala, with transfers made to beneficiaries' bank accounts.
- When
- The credits were made on Wednesday, 26 August; the year is not specified.
- Why
- The Labour Ministry said the early payment was intended to help pensioners and their families meet financial needs and celebrate Onam.
Key facts
- Beneficiaries
- 4,40,901 pensioners in Kerala
- Payment date
- Wednesday, 26 August
- Payment system
- Centralised Pension Payment System
- Pension scheme
- Employees' Pension Scheme, 1995
- Normal pension age
- 58 years for eligible EPFO members
- Life certificate
- A physical or Aadhaar-based Digital Life Certificate is required to continue pension payments
- Account checking
- The EPFO portal and Umang app can show passbook entries, contributions, pension contributions, interest and total balance
- SMS checking
- The article does not provide an SMS procedure for checking the credit
Quotes
Employees' Provident Fund Organisation
India’s statutory retirement fund and pension organisation
“The EPFO remains committed to ensuring timely delivery of social security benefits and strives to improve pension services through technology-enabled initiatives and citizen-centric reforms.”
livemint.com
Sources
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