The Employees’ Provident Fund, popularly referred to as the EPF, has two components. One, a lump sum that is paid at the time of retirement of the employee and two, a monthly pension that becomes payable at the earliest age of 50 years and latest by 60. The pension is calculated according to a certain … Read more
Chennai: In a significant move, AIADMK General Secretary Edappadi Palaniswami has assigned key responsibilities to actress Gautami Tadimalla and Tada Periyasamy, who recently joined the party from BJP. Gautami will serve as AIADMK Policy Propagation Deputy Secretary, while Tada Periyasamy will be the MGR Forum Deputy Secretary. Palaniswami announced the appointments, stating that Gautami and Tada … Read more
While Employees’ Provident Fund, or EPF, was primarily designed for providing a lump sum to a worker at the end of his/her working life, an extremely useful feature was later added to it – a provision for a monthly pension. The government has also taken care to raise the pension from time to time, though … Read more
Legislated in 1952, just about 2 years and 5 months after the Constitution was adopted, the Employees’ Provident Fund, or EPF, is India’s earliest social welfare scheme for blue and white-collar employees. However, whenever EPF is discussed, the one-time lump sum that it generates comes up. However, it is not the only benefit that EPF … Read more