Private players likely to… May 14, 2018

Labour ministry is planning to move to a public-private-partnership mode to run and administer its flagship provident fund and medical insurance schemes that it wants to make universal. The ministry reckons that private intermediaries would be needed as the schemes are scaled up to 10 times to about 50 crore workers, from its current coverage. These schemes are at present run by the Employees Provident Fund Organisation (EPFO) and the Employee State Insurance Corporation (ESIC). A senio .. The proposed intermediate agencies will work on behalf of the state social security boards and would work in areas of fund management, point of presence, service delivery, benefit disbursement, record keeping and facilitation for enabling the PPP system in administering social security. “This will help us expand the service delivery net to cater to the broad base of subscribers who are not just very large in numbers but are also very heterogeneous in their characteristics, including geographical spread, access to information, and ability to participate in this right-based system,” the senior government official said. “Moreover, this provision will allow us to engage expertise for specialised yet non-core activities related to administration of provisions of social security code,” the official explained.

Is your name, birth… May 4, 2018

The contribution you make towards your Employees' Provident Fund (EPF) from your monthly pay is a sort of forced savings that can help in amassing a portion of your retirement corpus. At times, the name and date of birth in the provident fund (PF) statement is not correct and does not match with what is there in your Aadhaar details. This can then result in unnecessary delays and hassles when you try to withdraw the money at the time of retirement. EPFO has over 19 c .. Now you can make changes to your details online for which these four things are a must: 1. Active UAN, 2. Access to EPFO's Unified Portal website, 3. Aadhaar number, 4. Employer needs to forward the request online to EPFO. Before you change details in the EPFO records, make sure your Aadhaar has the right information that you want to be corrected.

ESIC draws plan to… April 26, 2018

State health insurer Employees State Insurance Corporation (ESIC) has given its in-principal approval to cover 10-crore formal sector workers under its programme "Vision 2022" that envisages expansion of ESI scheme to every district of the country. The decision was taken at its 173rd meeting held on February 16, 2018 under the Chairmanship of Labour Minister Santosh Kumar Gangwar, a labour ministry statement said today.