EPFO’s new scheme from January 1: Hello friends, the Employees’ Provident Fund Organization i.e. EPFO has announced a new pension scheme from January 1, 2025, under this announcement, a provision of fixed pension will be made to all the members,
The main objective of the scheme is to provide a secure financial position in retirement. Under this new scheme, members will be given pension based on contribution and service years, this will provide British security to millions of employees.
Benefits of EPFO’s fixed pension scheme
The following benefits will be provided to the members after retirement by EPFO, which are as follows:-
- Every member will be provided the benefit of fixed pension.
- Members will benefit from financial independence after retirement.
- Your pension amount will be increased every year.
- You will get the benefit without any additional contribution.
- The financial security of all of you will be strengthened.
- The process will be simple as well as transparent.
- The pension scheme will be expanded.
- Pension will be paid on time.
How to join the fixed pension scheme?
There is a very easy process to join the EPFO scheme, which is as follows:-
Easy registration process
- Step 1: Contact the appointment.
- Step 2: Important documents have to be submitted.
- Step 3: After filling the form, submit it.
- Step 4: You must get confirmation from EPFO.
- Step 5: Join the scheme.
- Step 6: To avail pension benefits.
- Step 7: Keep getting regular updates.
- Step 8: Get help with any queries.
Eligibility to participate in Fixed Tension Scheme
- It is necessary to be a current EPFO member.
- Minimum service period required.
- Contribution required within salary limit.
- It is necessary to submit important documents.
- Nomination by employer.
- Timely contribution payment.
- It is necessary to fill the form as per the requirement.
Some facts about the pension scheme are as follows:
- There will be fixed and annual increase in the pension amount.
- Active EPFO member is eligible.
- Enrollment will be by appointment.
- It is a simple and transparent process.
- You will get the benefit of financial security.
- The support will be given by EPFO.
- period after retirement
List of Required Documents
- Aadhaar card for identity proof
- PAN card for financial information
- Salary slip for salary proof
- Full bank account details for transaction details
- Certificate of Appointment for Service Certificate
- Passport size photo is required for photo identification.
