EPF rollback: Trade unions protest in Bengaluruhttps://indianexpress.com/photos/picture-gallery-others/epf-atx-provident-fund-withdraw-trade-union-bengaluru-protest-2761117/

EPF rollback: Trade unions protest in Bengaluru

Under pressure from protesting trade unions, the Centre has cancelled a notification that tightened rules for the withdrawal of Employees’ Provident Fund (EPF) accumulations till the age of 58.

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Bengaluru Police charge the garment workers who were protesting over EPF withdrawal norm, in Bengaluru on Tuesday.

In February, the EPFO had amended the EPF Scheme 1952 to revise norms, including an increase in the age limit for filing such claims by retiring employees from 54 years to 58. Besides, the EPFO also restricted the withdrawal of PF funds to the contribution of subscribers and interest earned by them on that, if the claimant has remained unemployed for more than two months — the employer’s contribution could be withdrawn only on maturity.
(Source: PTI)

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Under pressure from protesting trade unions, the Centre has cancelled a notification that tightened rules for the withdrawal of Employees’ Provident Fund (EPF) accumulations till the age of 58. (Source: PTI)

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Fire fighters spraying water on a bus that was torched by garment workers during a protest rally over EPF withdrawal norm, in Bengaluru on Tuesday.

Earlier, Dattatreya had told reporters in Delhi that the notification was being “kept in abeyance” for three months till July 31, 2016.
(Source: PTI photo)

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Charred buses which were torched by garment workers during a protest rally over EPF withdrawal norm.

The notification on PF withdrawal was originally to be implemented from February 10 but later put on hold till April 30 and deferred further till July 31.
(Source: PTI)

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Cables in flames after being torched by agitating garment workers in a protest rally in Bengaluru on Tuesday.

Labour unions and workers’ groups opposing this amendment to the EPF Act have voiced concerns that the new rule would take away their right over the employer’s portion of PF till the employees reach 58 years of age.
(Source: PTI photo)

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Fire fighters spray water on a vehicle at the Habbagodi Police Station that was vandalised by garment workers during a protest over EPF withdrawal nor.

This is the second rollback on the revised EPF withdrawal norms announced in this year’s budget — the government had to earlier scrap its proposal to make 40 per cent of the corpus taxable on withdrawal.
(Source: PTI photo)

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Garment workers torch furniture during a protest over EPF withdrawal norm.

Earlier on Tuesday, Dattatreya had indicated that a meeting of the Central Board of Trustees would be called “to see how best the employers’ contribution to EPF (3.67 per cent of basic wages) can be utilised for workers”. (Source: PTI photo)

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Fire fighters spraying water on a bus that was torched by garment workers.

In February, some trade unions and workers had demanded restrictions on PF withdrawals. The notification was issued at their behest. It was only at the last CBT meeting that they expressed their reservations regarding the change in withdrawal norms and said that it was not working. (Source: PTI)

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Garment workers torch furniture during a protest.

The workers’ representatives on the Employees’ Provident Fund Organisation’s Central Board of Trustees (CBT), though, refuted this version. (Source: PTI photo)