Centralized Pension Disbursement via Banks Starting October 2012: What Does This Mean for You?

pca
Please see the attached circular dated 17.9.2012 issued by EPFO.

Thanks,

Regards
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Asha Chamoli
Query on PF ECR Format for Employees Above 58

I have a doubt about the PF ECR format. How can we generate the ECR for employees who are above 58 years old? Please help me out as I am totally confused.

Regards,
Asha Chamoli
rmongia
It will automatically calculate according to the personal information entered in the member master. After 58, there will be no contribution to the pension account; all 24% (12% + 12%) will go into the EPF account. So, no need to worry.

Regards,
Rakesh Mongia
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