Overview
- Labour Minister Mansukh Mandaviya said employees who lose jobs can withdraw 75% of their EPF immediately, with the remaining 25% available after 12 months.
- The revised rules extend premature final settlement to 12 months for EPF and 36 months for EPS pension withdrawals.
- EPFO publicly responded to criticism from Asaduddin Owaisi, reiterating that the one-year retention aims to protect continuous service for pension.
- Partial withdrawals are broadened under three categories—Essential Needs, Housing Needs, and Special Circumstances—with higher frequencies and eligibility after 12 months of service.
- The rollout includes allowing previously non-contributing establishments to enroll with a nominal penalty and a postal MoU to provide home life-certificate services.