Pension Benefits: Good news, your pension will now be settled on your retirement day

[Informalisation and Labour Rights - Related News]

Good news for EPF subscribers. You won't have to wait for months and years for the settlement of pension benefits now. Instead you can expect your pension to be settled on the day you retire. In a major development, retirement fund body Employees' Provident Fund Organisation (EPFO) has issued directions to its field offices to settle pension benefits to employees on the day of retirement itself.