Employee, not in employment for a month, to get 75% of provident fund
Updated : July 23, 2018 03:39 PM IST
Gangwar said in Lok Sabha that the Central Board of Trustees (CBT) of the Employees' Provident Fund (EPF), had considered a proposal for insertion of paragraph 68HH in EPF Scheme 1952.
It will enable a member of EPF, who is no longer in employment for a continous period of one month, to avail 75 percent of the total fund standing to his or her credit.
The minister said the Employees' Provident Funds Scheme, 1952, enables a member to withdraw the full amount standing to his credit in the fund on ceasing to be an employee in an establishment for a continuous period of two months.