News That Matters

EPFO sets up ex-gratia death relief fund for families of employees who die due to coronavirus

Retirement fund body Employees Provident Fund Organisation has announced an ex-gratia death relief fund of Rs 10 lakh to the family of its deceased employee in the event of death of an employee of the central board due to COVID-19, EPFO said in a statement.

The decision has been taken in the wake of provident fund and pension services been declared as essential during the nationwide lockdown since March 23.

Consequently, pan India staff of EPFO has been attending office on rotational basis, complying with the standard operating procedures for office to contain the spread of the pandemic.

At present uniform death relief fund of Rs 3.9 lakh is paid in case of death of an employee of the central board.

Let’s block ads! (Why?)

Personal Finance News-Wealth-Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *