1. PM Narendra Modi for smoother life for EPF members and their families, EPFO should strengthen processes

PM Narendra Modi for smoother life for EPF members and their families, EPFO should strengthen processes

In two back-to-back moves as a follow-up of a meeting with Prime Minister, Narendra Modi, the Employees' Provident Fund Organisation (EPFO) has sought to substantially ease the income security for post-retirement years of its members, and their families.

By: | Updated: November 3, 2016 12:33 PM
Indian rupee vs US dollar In a sense, the 7-day deadline for paying death claim dues is the more important one since the family or nominee of EPFO members who has died might be in facing financial stress due to the sudden stoppage of monthly flow of income.

In two back-to-back moves as a follow-up of a meeting with Prime Minister, Narendra Modi, the Employees’ Provident Fund Organisation (EPFO) has sought to substantially ease the income security for post-retirement years of its members, and their families.

Firstly, the Central Provident Fund Commissioners (CPFC), V P Joy, who heads EPFO, issued instructions to all its officers to ensure that provident fund dues in case of death claims are cleared within 7 days of the claim being lodged.

This was quickly followed by another set of instruction by the CPFC that “PF claim settlement amount must invariably be credited to the member accounts on or before the date of retirement.”

Joy spelt out a series of steps that EPFO offices should take in order to ensure that the instructions are carried out without any delay. The directives come after Prime Minister, Narendra Modi expressed his desire for smoother EPFO procedures at the PRAGATI (Pro-Active Governance And Timely Implementation) review meeting on October 26.

Both the moves would undoubtedly be welcomed by members of EPFO. While deductions from salary over the working life of a members is done as promptly as can be, there is no reason why EPFO should delay disbursing the accumulated corpus once the employee reaches retirement. The corpus, after, all, is solely meant to provide old-age income security during the golden years.

In a sense, the 7-day deadline for paying death claim dues is the more important one since the family or nominee of EPFO members who has died might be in facing financial stress due to the sudden stoppage of monthly flow of income. There might be several expenses that need to be covered and the provident fund money might be one of the only meaningful savings for many households.

In this day and age of technology, and with the thrust on Digital India, EPFO should further improve processes, systems and its data-base to ensure that instructions from the CPFC do not merely remain on paper and are carried out without any hiccup so that senior citizens can lead a smooth life.

  1. Kuldip Singh
    Nov 3, 2016 at 2:07 pm
    EPFO is exactly doing the opposite to what the PM thinks. Instead of implementing the judgement of SUPREME COURT of 31.03.2016 reg arbitrary ceiling of Rs 6500.00 , EPFO is trying to deny the benefits to members by challenging the judgement in a larger bench of SC.All the employees are shocked . Let the GOVT intervene so that judgement of SC SLP EPFO VERSUS A.MAJEED KUNJAND ORS DT 31.03.2016 DECIDED BY HON'BLE JUSTICE RAJAN GAGOIAND JUSTICE PRAFULLA C PANT may be implemented and benefit isgiven to all employees of different corprations KULDIP SINGH
    Reply
    1. Kuldip Singh
      Nov 3, 2016 at 2:30 pm
      EPFO iactly doing opposite to what HON;BLE PM thinks. It is not imlementing the judgement of SUPREME COURT judgement given by SC ON 31.03.2016 against slp EPFO VS A.MAJEED KUNJU and ors by HON'BLE JUSTICE RANJAN GAGOI and JUSTICE PRAFULLA.C PANT COURT NO 6 . The judgement has dismissed the appeal of EPFO. Instead of implementing the judgement giving relief to all members of EPFO ,it is going to SC larger bench. The employees request the GOVT keeping in view PM,s setiments intervene and direct the EPFO to implement the judgement of SC DT 31.03.2016 THANKS KULDIP SINGH
      Reply
      1. P
        P N Patil
        Jun 15, 2017 at 3:42 am
        Agreed with the above reality, mentioned by KULDIP SINGH.Actually EPFO had not implemented the PROVISO 11(3) Of EPS 1995 Scheme its a total failure of EPFO. The employees are not fault at all,But suffering too in current negligible pension.It is a unfourtune of the poor prnsioners,that they had to fight in courts in their old age.The Hon"able High Court/Supreme Courts are giving justice ,but denied not implemented by EPFO for various wrong interpretation with a negative view.The pensions of EPFO SHOULD BE PAID AS PER eps 95.
        Reply
      2. V
        vb
        Nov 4, 2016 at 6:32 am
        firstly they should make the epf site working...80% of the time, the site does not load
        Reply
        1. s
          seshagirirao.nv
          Nov 3, 2016 at 11:02 am
          EPFO gave exemption for some government undertaking organizations. like Tamilnadu co-operative milk producers federation Ltd. some contract employees suffering from that organization.they are not transfer the EPF to employsse accounts,they kept the deduction fund amount sta in suspense account. The trust creat a suspense account and block the contract labour fund.The trust do not bother about private employees worries.last 10 years we asking to clear the EPF refund claims, the organization neglected to refund their own money. we request concern ministry to take step to clear the claims
          Reply
          1. s
            seshagirirao.nv
            Nov 3, 2016 at 11:09 am
            ministry of union labor welfare we request to clear our employees. The TCMPF Ltd did not take step to clear contract Labour EPF Ministry take step above mention matter.past 7 years we are suffering with aavin Chennai.if our climes clear we will very happy.
            Reply
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