Thursday, November 3, 2016
Your provident fund (PF) and Employee Pension Scheme (EPS) dues will be paid by the Employees’ Provident Fund Organisation (EPFO) on or before the day you retire. A decision to this effect has been taken by EPFO and instructions have been issued by the Central Provident Fund Commissioner, V P Joy on Tuesday to all its offices as a follow up the directions received from Prime Minister Narendra Modi at the recent PRAGATI review meeting held on October 26. The PRAGATI (Pro-Active Governance And Timely Implementation) was held to reviewing programmes and projects of the central and state governments.
“It has been decided that PF and pension payments to members of EPF Scheme 1952 and EPS 1995 are made on the date of retirement itself,” Joy has said in his communication to EPFO offices.
The move comes a day after the CPFC issued instructions regarding settlement in respect of death cases on priority within 7 days.
Joy has instructed EPFO offices to take several steps to ensure payment of dues on the day of retirement. These include:
Generate a monthly list of retiring EPF/EPS members attaining the age of superannuation three months in advance by concerned offices. This should be communicated to the concerned members and their respective employers.
The employers should be requested to make payment of contributions in advance in respect of such retiring employees one month in advance of the date of their retirement.
A complete set of PF and pension claim form along with the communication to fill up the forms and submit to the concerned office complete in all respect at least 14 days prior to the date of retirement should be sent to the retiring employees
The PRO and officials in the Facilitation Centre should be instructed to scrutinise the claim forms received in respect of retirement cases and guide the claimants for submission of all required documents in one attempt only.
For this purpose an official trained and deputed in the facilitation centre will receive the retirement claims. Proper display in regard be made on the seat/counter “please contact for retirement cases" in Hindi, Regional Language and English.
All such retirement claims should be stamped in bold "Retirement claims – Top Priority” The PF claim settlement amount must invariably be credited to the member accounts on or before the date of retirement.
Source : http://www.financialexpress.com