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COVID 19 - EPFO rushes to ensure timely credit of pensions

Published: Mar 24, 2020

By TIOLCORPLAWS News Service

NEW DELHI, MARCH 24, 2020: IN order to ensure that no inconvenience is caused to the pensioners on account of the prevalent situation, 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.

The 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. 

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