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Showing posts with the label EPFO

Granting of Rs.2000 per month as FMA for serving as well as retired employees of the EPFO–Clarification

Granting of Rs.200 per month as FMA for serving as well as retired employees of the EPFO–Clarification Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification Employees' Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110 066 No. HRM-8/V/12/1/2003/FMA/Vol-II/26632 Dated: - 14.03.2014 Subject: Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification Reference: HRM-8/V/12(1)2003/FMA/Vo1.-II/6160 dated 13.06.2013 Sir/Madam, The Employees & Pensioners of the EPFO, who are not covered under Central Government Health Scheme, (CGHS) are paid Fixed Medical Allowance (FMA) per month to cater to the cost of medicines/treatment etc. where hospitalization is not involved. At present, FMA is being given to employees/pensioners @ Rs. 2000 p.m. Several reference...

EPFO Rerformance in September 2013

Press Information Bureau Government of India Ministry of Labour & Employment 18-October-2013 17:11 IST EPFO Rerformance in September 2013 While reviewing the work of Employees Provident Fund Organisation during September 2013, it has been observed that the Organisation settled 7,96,759 claims in its 123 offices located throughout the country compared to 7,49,639 claims settled during September 2012. More than 50 % of the offices settled more than 80% of the claims within 10 days of receipt. Offices such as Ujjain, Gwalior, Udaipur, Jabalpur, Agra and Laxmi Nagar among many others are settling 80% of the claims within 3 days. The review meeting was taken by Shri K. K. Jalan, CPFC recently. In addition to the above, the Organisation responded to 16,586 grievances in the month of September. As a result, the number of total grievances has come to around 6,000. The earlier number was more than 25,000. It is also relevant that 101 of the 123 offices have no grievance pending for mor...

Declaration of Bonus to EPFO Employees for the year 2012-2013.

Employees' Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India)   No. WSU/12(1)12012-13/PLB/13048 Date: 09 Oct 2013 All Regional P.F. Commissioners In-charge of the ROs/SROs Regional P.F. Commissioner-I(ASD), Head Office Sub: Declaration of Productivity Linked Bonus (P.L. B.) for the year 2012-2013. Sir, The Central Government, under Section 5D(7) of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 has conveyed its approval to the extension of the existing Productivity Linked Bonus Scheme 1998-2004 (Revised) for the year 2012-2013 vide their letter No A-26022/1/1994-SS.1 dated 07th October 2013. 2. Accordingly, the Central Provident Fund Commissioner is pleased to approve the payment of the Productivity Linked Bonus for the year 2012-2013 for 60(Sixty) days in  all the offices of EPFO. The bonus of 60 days has been assessed on the basis of Performance Report forwarded by the field offices in compliance to Head Office l...

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express The reconstituted EPFO's Central Board of Trustees (CBT), which has to take a call on interest rate on PF deposits for the current fiscal, is likely to hold its first meeting on October 4. The meeting of the CBT headed by the Labour Minister is likely to be called on October 4 for reconstituting EPFO's sub-panels like its advisory body Finance and Investment Committee (FIC), an Employees' Provident Fund Organisation's (EPFO) official said. As per the practice, FIC vets financial proposals of EPFO and puts those before the CBT for a final call. The committee is supposed to vet and put forward the proposal for providing a rate of interest on PF deposits every year. EPFO could not announce the interest rate on PF deposits for the current fiscal as the FIC is yet to be constituted after the CBT was reconstituted in June. The sub-panels like FIC were dissolved after CBT was f...