EPFO issues Directions for timely credit of monthly Pension to EPS Pensioners

Speed Post News Network

New Delhi : Central Provident Fund Commissioner has directed the field offices of EPFO to generate and reconcile pensioners’ details and pension amount statements for the current month by March 25, 2020.  He further directed that the same should be forwarded to the banks in advance so that the monthly pension is credited into the account of the pensioners in time i.e. during the month of March itself.

EPFO is disbursing monthly pension to more than 65 lakh pensioners every month under the Employees’ Pension Scheme, 1995.  Due to the corona virus pandemic, lock down has been declared in various parts of the country, according to a PIB release. With a view to ensuring that no inconvenience is caused to the pensioners on account of the prevalent situation, EPFO has issued direction for timely credit of monthly pension to the pensioners.