EPFO funds returns
Social security of employees is always inadequate to meet all requirements. Firstly longevity of life is not known & funds accumulated are limited one. Firstly , contributions towards Social security should not be restricted & higher limits be allowed under Income Tax laws. Further, inflation is increasing & reduction of interest rates on savings are lowering available funds to retired. Thus problems for retired are increasing & also effecting psychology of such persons. It is necessary that return is higher than inflation for certain satisfaction otherwise consumption habits develop for current consumption as & when earning to reduce savings towards retirement needs. This increases the burden on state to meet with the requirements of those in need without means. more
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In my opinion EPFO should amend the clause restricting payment of interest only upto the employee attains the age of 58 years ? Since the funds are available to EPFO and employees are keeping it for their retirement then it should be the right of the employee to keep their corpus upto whatever time he/she wants to keep and EPFO should keep paying the interest on it. more
Aug 19
Sir, I have taken VRS from my company and withdrawn PF. But pension share not withdrawn. My question is whether I can withdraw this pension share also? more
Aug 18
