IMPORTANT EPFO NEWS TILL DATE (02/09/2016) 28/04/2017
Central Provident Fund Commissioner has forwarded a proposal of a voluntary pension scheme to the Government, which is actively being considered. This shall be in addition to the EPS scheme which is currently in force.The contribution to this scheme shall be upto the age of 60 unlike under the EPS where it is done upto the age of 58 years.
The employer may also contribute their share, for the benefit of the employee. The proposal is also being considered for extending the Income Tax exemption towards contribution under this scheme. Latest update on this proposal is still awaited.
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