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
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