EPFO gives relief to private sector employees from September 30

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Here’s good news for employees working in the private sector.
A better initiative has been taken by EPFO Employee Provident Fund Organization to protect the future of the employees. The scheme says that whichever employee retires on the day, his pension will be started from the day itself. This arrangement is truly considered to be the biggest change for the employees has it takes months to get an arranged pension, after retiring from both the private sector and government jobs.
How will it work?
Earlier, a long time uses to go in paperwork and after that the complicated exercise, after that the pension order is formed. But know things may not happen this way, Now the benefits will be given immediately.
An employee who retires on September 30, will receive all the documents related to the pension to the same day. A grand event is going to be celebrated by Employees Provident Fund Organization offices in Varanasi, Uttar Pradesh on September 30th. EmployeeEmployee retiring this month has been called in 10 districts for the event.
The public sector often retires at 58 years. Later on, the salary used to receive in the next month and delay in the pension process. The employee had to run after the retirement for a long time but,
This new initiative will eradicate all the problems. The discussion has been done by the company whose employee is going to retire this month. These companies have agreed to pay salaries. A representative from employees to the company are also welcoming the arrangements introduced in the firm. This new system is going to be started in the interest of employees.

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