EPFO Pension News Under the new rule of EPFO, now the pension will be issued to the members on the day of retirement. This unique initiative of the department will get rid of the employees and their relatives from having to visit the offices for the benefit of pension and other dues.
EPFO Pension News, Pension on the Day Of Retirement: Employees’ Provident Fund Organization (EPFO) has given a big relief to lakhs of employees retiring. Under the ‘Prayas’ campaign of EPFO, now the pension will be issued to the employees on the day of retirement. With this initiative of the EPFO department, the employees and their relatives will get rid of going to the offices for the benefit of pension and other dues. With this, the retiring employees will be freed from the hassle of going to the EPFO office. This arrangement has come into effect from this month itself.
EPFO launches ‘Prayas’ scheme for employees
Employees Provident Fund Organization has taken several policy and digital initiatives in the Corona pandemic to ensure seamless service to its customers. This initiative of EPFO is being appreciated among the employees. Till now the employees had to wait for pension after retirement. Even earlier it used to take up to a year to get the pension papers, which has now been got rid of. This scheme of EPFO has been named ‘Prayas’.
Inauguration of handing over pension letter to school employee
Under the scheme, Regional Provident Fund Commissioner Abhayanand Tiwari launched the scheme by handing over pension payment order to the employee Tripat Bhatia on his retirement after 58 years of service by visiting St. Anthony Convent School Dairy Colony in the city. During this, he also handed over the copy of PPO and records related to other benefits received by the employee.
Now you will get rid of these problems
Employees had to face a lot of trouble in getting pension after retirement earlier. Earlier, employees had to go to the regional EPF office after retirement with their pension papers. Along with this, one had to make rounds of the company to get all the documents. After the introduction of this scheme, now a few days before the retirement, the member will be able to get the pension order on the day of retirement by depositing his pension through the paper company.
The rule for submitting life certificate online also changed
Once the pension order is issued, the pension will be regularly routed through the member’s bank account by the department. Not only this, the online life certificate given once in the first year in the month of November can also be given at any time of the year. Employees can fill it as per their convenience.
Under the special initiative ‘Prayas’ of the Employees’ Provident Fund Organization, Ministry of Labor and Employment, an initiative is being taken to hand over pension related facilities to the employees on the day of their retirement. So that after retirement, members can get rid of the rush for pension and better facilities can be ensured. E-nomination plays an important role in this process. Abhayanand Tiwari, Regional Commissioner, Employees’ Provident Fund Organization.