Online Transfer of Provident Fund
A revised transfer claim settlement process has been started through an Online Transfer Claim Portal to smoothen the process of transfer of PF accounts. The revised process has following features:- (i) The claim can be submitted by the member in the online mode in addition to physical mode. (ii) The claim can be submitted through… Read More
Tags: Business, Central Provident Fund, Digital signature, Employee Provident Fund, Employees' Provident Fund Organisation of India, Job Growth, Online and offline, Online Transfer Claim Portal
Achievements of EPFO During August 2013
During the current fiscal, till the month the Organisation settled more than 50 lakh claims out of which 97% was settled within 30 days as mandated by the scheme. In the month of August alone, 10.98 lakh claims were settled and the percentage of claims settled within the above said mandated time-limit was 98.90%. Importantly,… Read More
Tags: Central Provident Fund, Digital signature, Employee Provident Fund, Employees' Provident Fund Organisation of India, India, Organisation, Organization, Social Security
Expert Recommendations on Employees™ Pension Scheme
An Expert Committee constituted by the Government to review the Employees™ Pension Scheme (EPS), 1995, has, inter alia recommended either of the two options below: (i) Introduction of Provident Fund-cum-Pension Annuity Scheme wherein pension is linked to accumulations of members in the Fund or (ii) Modifications in the existing EPS, 95 such as: increase in… Read More
Tags: Employee Provident Fund, Employment, EPF, EPS, Government, Lok Sabha, National Park Service, Pension
Updation of EPF Accounts
The members™ accounts of Employees™ Provident Fund (EPF) for the previous year are updated by 30th September of the following year. The following steps have been taken for updation of members™ accounts: (i) In order to monitor the day-to-day progress of updation of members™ accounts, web based tool has been developed which allows timely corrective… Read More
Tags: Employee Provident Fund, Employment, EPF, FeedBurner, India, Legal education, Lok Sabha, United States
CLR Snippets | Extension of EPF Scheme
A proposal for reducing threshold limit from 20 to 10 employees for coverage under Employees™ Provident Fund & Miscellaneous Provisions Act, 1952 is under consideration of the Government. This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Lok Sabha in reply to a written question. Read More
Tags: Employee Provident Fund, Employment, FeedBurner, Government, India, Kodikunnil Suresh, Legal education, LokSabha
EPFO shows much better improvement
The number of contributing members to Employee Provident Fund Organisation (EPFO) has crossed 4.00 crore as on 17.08.2013. Similarly, number of establishments covered under EPF & MP Act, who are contributing and filing their return through electronic system has increased to 4 lakh. EPFO also distributed pension to more than 44 lakh pensioners during July,… Read More
Tags: Central Provident Fund, Digital signature, Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPF, EPFO, July 2013
Violation of EPF Act
Details of number of cases under Section 7A of Employees™ Provident Funds & Miscellaneous Provisions Act, 1952, initiated against the defaulting establishments during the last three years are as under: 2010-2011 2011-2012 2012-2013 26568 19615 17147 Details of Action taken during the said period is as under: (i) Number of prosecution cases filed under Section 14… Read More
Tags: Australia, Australian Capital Territory, Default (finance), Employee Provident Fund, Employment, Government, Oceania, Public Order Act 1986
Data of Members under EPFO on Web Facility
Employees™ Provident Fund Organisation (EPFO) has date of birth details for more than 4 crore members out of a total members of 8.87 crore as on 01.08.2013. Web facility has been provided to the Employers to upload the date of birth details of all employees. Further, Field Offices of EPFO have been directed to ask… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, EPF, EPFO, ESIC, Insurance, Lok Sabha, Passbook
EPFO to give Priority to timely Settlement of Claims for Provident Fund
Union Labour & Employment Minister Shri Sis Ram Ola has emphasized that the Employee Provident Fund Organization (EPFO) must give priority to timely settlement of claims for provident fund. In a meeting with the senior officers of EPFO the minister has also emphasized that due to improvement and availability of technology, the citizen rightly expects… Read More
Tags: Bharuch, Employee Provident Fund, Employees' Provident Fund Organisation of India, EPFO, Gurgaon, Human settlement, Noida, Surat
Revised Online Transfer Claim Form For EPFO
Union Labour & Employment Minister Shri Sis Ram Ola today released Revised Transfer Claim form for EPFO beneficiaries marking this as first step towards launch of online Transfer Claim facilities here in New Delhi. The revised form will have the following salient features: ¢ The form will be called Transfer Claim Form instead of Form 13… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPFO, Hon, Ministry of Labour & Employment, New Delhi, Union Labour