Employees’ Pension Scheme (EPS), 1995 – Latest updates about EPS 95 Pension payment from loksabha

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GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT LOK SABHA STARRED QUESTION NO. 306 TO BE ANSWERED ON 08.08.2022 CENTRAL PENSION DISBURSAL SYSTEM

*306. SHRI THIRUNAVUKKARASAR SU: SHRI RAVNEET SINGH BITTU:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a) whether the Employees Provident Fund Organisation (EPFO) is presently disbursing pension to its beneficiaries at different times and days resulting in many difficulties to them and if so, the details thereof; (b) whether any proposal is under consideration of the Government for setting up of a Central Pension Disbursal System paving the way for crediting pension to over 73 lakh pensioners at one go and if so, the details thereof; (c) the time by which the above proposal is likely to be implemented; (d) the details of benefits likely to be accrued to the pensioners by this proposed Central Pension Disbursal System in the country; and (e) whether the Government has any plan to downsize the staff strength of the regional offices of EPFO by centralizing many areas of works and if so, the details thereof?

ANSWER MINISTER OF LABOUR AND EMPLOYMENT (SHRI BHUPENDER YADAV)

(a) to (e): A statement is laid on the Table of the House. STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF LOK SABHA STARRED QUESTION NO. 306 TO BE ANSWERED ON 08.08.2022 BY SHRI THIRUNAVUKKARASAR SU AND SHRI RAVNEET SINGH BITTU, HON’BLE M.P.s REGARDING “CENTRAL PENSION DISBURSAL SYSTEM”. (a): Employees’ Provident Fund Organisation (EPFO) has issued instructions to its field offices to disburse pension on or before last working day of the month. Normally, the pension is credited on last working day of the month. However, at times, due to technical reasons or otherwise, pension gets credited on days other than the last working day. (b): No, Sir. (c) & (d): Does not arise in view of the reply to part (b) of the Question above. (e): No, Sir.
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