Amid criticism from various stakeholders, including members, over the decision regarding the window to allow final settlement of EPF and EPS funds in case of unemployment, the Employees’ Provident Fund Organisation (EPFO) has come out with another clarification. Now, the EPFO is saying that members can withdraw up to 75% of their EPF corpus “immediately” if they lose their job. But, pension fund accumulation can be withdrawn only after 36 months in case of job loss.

Earlier this week, on October 16, the EPFO held a meeting of the Central Board of Trustees (CBT), the highest decision-making body of the retirement fund organisation, which after the meeting categorically said that it was decided by the board “to change the period for availing premature final settlement of EPF from the ex

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