Now here’s the latest on retirement pensions. EPFO – or Employee Provident Fund subscribers can now opt for a higher pension…The central govt’s pension agency has issued a fresh set of instructions for employees who had not opted for pension contributions at a higher wage, than the wage ceiling that was kept at 15000/- rupees per month, This is in compliance with the November order of the Supreme Court… So if you are still wondering how to go about increasing that pension amount or if you are still clueless of how your PF amount is decided, ET NOW’s Kavita Thaptiyal explains
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ►

Subscribe Now To Our Network Channels :-
Times Now :
The NewsHour Debate :

To Stay Updated Download the Times Now App :-
Android Google Play :
Apple App Store :

Social Media Links :-
Twitter –
Facebook –
G+ –
Website – www.etnownews.com…(read more)

LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Retirement is a phase in everyone’s life that requires careful planning and financial security. As individuals approach the end of their professional careers, ensuring a comfortable and financially stable retirement becomes a top priority. The Employee Provident Fund Organization (EPFO) is a scheme that aims to provide higher pension benefits to individuals during their retirement years, offering a reliable investment option with potentially attractive returns.

EPFO is an organization that operates under the Ministry of Labour and Employment in India, overseeing the implementation of the Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS), and Employee Deposit-Linked Insurance (EDLI) Scheme. The EPS scheme, in particular, enables employees to receive a monthly pension after retirement.

In order to get higher pension amounts during retirement, it is important to contribute to the EPS on a regular basis. The pension amount is determined by considering the individual’s contributory service and the average monthly wages during the employee’s service period. Contributions made to the EPS over the years play a crucial role in determining the final pension amount.

EPFO ensures that the contributions made by employees are invested wisely to generate attractive returns. These investments are aimed at preserving the capital while generating income through various instruments such as government securities, corporate bonds, and other fixed-income securities. The EPFO regularly reviews investment patterns to maximize returns for its members.

One of the key advantages of the EPFO scheme is that it provides a guaranteed monthly pension to the retired employee for the rest of their life. This provides a sense of security and peace of mind during retirement, as individuals do not have to worry about outliving their savings. The pension amount received is directly proportional to the contributions made and the duration of the employee’s service.

EPFO also offers flexibility to its members by allowing them to receive a higher pension amount by deferring the date of receiving the pension. By postponing the receipt of the pension for a certain period, individuals can accrue additional contributions and thereby increase their future pension amount.

EPFO’s focus on investments and generating attractive returns ensures that as members contribute towards their retirement, their savings are protected and grow over time. This not only helps in maintaining the purchasing power of their pension but also provides potential supplementary income during retirement.

It is important for individuals to be aware of their contributions to the EPS and regularly monitor their pension accounts. By staying updated with the terms and conditions of the EPS, individuals can maximize their pension benefits during retirement. It is also beneficial to seek advice from financial professionals or retirement planners who can guide individuals in making informed decisions regarding their pensions.

In conclusion, EPFO’s higher pension scheme ensures that employees receive a comfortable and secure retirement. By making consistent contributions to the EPS, individuals can expect attractive returns on their savings, providing financial stability during their golden years. It is crucial for individuals to actively participate in planning their retirement and take advantage of the various features offered by EPFO to achieve a higher pension during their retirement phase.