EPFO says pension can't… April 21, 2018

EPFO has asked banks not to deny monthly pension to people for want of biometric national ID, Aadhaar, and said that alternate means for identification should be used if needed. The Employee Provident Fund Organisation (EPFO), in a circular to all heads of pension disbursing banks and postal services yesterday, listed out alternate mechanism of handling pensioners who do not possess Aadhaar or those whose identity cannot be authenticated due to wear out of finger print. It asked banks to ensure that pensioners are facilitated for Aadhaar enrolment and a paper life certificate is accepted, in place of a digitally generated one, for pensioners who have enrolled for Aadhaar. For those whose finger print wear out has made authentication difficult, banks will make provisions for IRIS scanner along with the fingerprint scanner in bank branches, it said. EPFO said the agreement it signed with banks for disbursement of pension lays down the duties and responsibilities of banks including collection of Life Certificate/Non-re-marriage certificate in November every month from pensioners and forwarding the same to EPFO field offices for necessary action. Concerned branches of the banks were doing this by collecting Life Certificate in paper form. But since 2016, the Life Certificates are being obtained from the pensioners digitally as Jeevan Pramaan in place of the Life Certificate in paper form being submitted by the pensioners to the bank earlier. Submission of Jeevan Pramaan digitally has been facilitated through UMANG APP in the mobile phones also. "Some complaints have been received from pensioners who are being..

Death While Going To… January 24, 2018

New Section 51E has been inserted "51 E. An accident occurring to an employee while commuting from his residence to the place of employment for duty or from the place of employment to his residence after performing duty, shall be deemed to have arisen out of and in the course of employment if nexus between the circumstances, time and place in which the accident occurred and the employment is established."

Now you need not… September 23, 2017

Retirement fund body EPFO's subscribers are no longer required to file separate EPF transfer claims using Form-13 after changing jobs as it will now be done automatically. Now, at the time of joining new employer, the employees' can give details of their previous EPF account in new composite F-11 form to give declaration about their details, a senior official said. Once the old EPF account details are provided in F-11 form, the funds will be automatically transferred The body receives over one crore different type of claims, including EPF withdrawal, pension fixation, death claims and EPF transfer claims. The transfer claims constitute 10-15 per cent of the total claims filed by subscribers. The body has been running online transfer claim portal to encourage subscribers to seek transfer of funds into their new EPF accounts when they change job. The EPFO has introduced Universal Account Number which is a portable EPF account number number that remains the same throughout the life time of a formal sector workers. The EPFO has a subscribers base of over four crore and manages a fund size of over Rs 10 lakh crore.