On October 25, 2024, the Employees Provident Fund Organization (EPFO) issued a circular regarding the timely disbursement of pensions for EPS 95 pensioners for October 2024. Here are the key details from the notification:
Key Points
- Advance Pension Disbursement:
- In light of the upcoming Diwali festivities and associated public holidays, the EPFO has decided to release the pension for October 2024 on October 29, 2024. This ensures that pensioners receive their payments in advance and can access their funds on October 30, 2024, which is a holiday.
- BRS Submission:
- All field offices are required to send the monthly Bank Reconciliation Statement (BRS) to the banks in a timely manner, ensuring that pensions are credited to pensioners’ accounts by the last working day of the month.
- The BRS should be generated by October 25 and sent to the corresponding pension disbursing banks before October 29, 2024.
- Implementation and Compliance:
- Zonal and Regional Offices are instructed to ensure that pension disbursing banks are informed and prepared for this early disbursement.
- It is mandatory that the pensions are credited to pensioners’ accounts by October 29, 2024, without fail.
- Reporting:
- All Zonal Offices (ZOs) are requested to submit their reports by October 30, 2024, at 5:00 PM, following the specified format in the notification.
This initiative by the EPFO aims to facilitate a smooth and timely pension disbursement process, allowing pensioners to enjoy their festivities without financial concerns.
