Employees’ Provident Funds (Fifth Amendment) Scheme, 2016 Nepalese & Bhutan shall be deemed to be an Indian worker

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear all,

In the indian Market many employees come from Bhutan & Nepal for Job & specially this employees are working in Security Guard etc & when and they were treated as International worker & the respective employee cant withdraw the respective dues when he leave the job  & he has to wait till age 58 as per International Worker rules as framed under EPF act 

Considering the above fact & condition labour ministry & EPF Board of Trustees have made an amendment in Employees’ Provident Funds (Fifth Amendment) Scheme, 2016

In the Employees’ Provident Funds Scheme, 1952, in paragraph 83, in sub-paragraph (2), in clause (ja), after sub-clause (b), the following proviso shall be inserted, namely :-

“Provided that the worker who is a Nepalese national on account of Treaty of Peace and Friendship of 1950 and the worker who is a Bhutanese national on account of India-Bhutan Friendship Treaty of 2007, shall be deemed to be an Indian worker.”


In the Employees’ Pension Scheme, 1995, in paragraph 43A, in sub-paragraph (1), in clause (viia), after subclause (b), the following proviso shall be inserted, namely :-

“Provided that the worker who is a Nepalese national on account of Treaty of Peace and Friendship of 1950 and the worker who is a Bhutanese national on account of India-Bhutan Friendship Treaty of 2007, shall be deemed to be an Indian worker.”




Gazetted Copy :- Employees’ Provident Funds (Fifth Amendment) Scheme, 2016
Post Views: 438

ATTENTION EPS-1995 PENSIONERS No Pension without Digital Life Certificate

Posted by & filed under Provident fund -News.

Dear EPS Pension Member no Pension will be credited without digital life certificate 

From 1st November 2016, EPFO has launched the facility of online submission of life certificate. It is mandatory to submit the digital Life Certificate through jeevan Pramaan System life certificate. 

The pensioners should carry the Aadhaar Card, Mobile phone, details of PPO and Bank account number for hassle free submission of Digital Life Certificate. 
The digital Life Certificate can be submitted at 

1.Bank branches from where pensioners are drawing their pensions

2.Common Service Centres(CSC) of IT department, the list of CSC are available at csc.gov.in 

3.Jeevan Pramaan Centre, the Jeevan Pramaan centre can be located at jeevanpramaan.gov.in

This process is Aadhaar based; therefore pensioners are advised to update their Aadhaar details to reflect the accurate Name, Father Name and Date of Birth. The instructions and FAQs regarding the updation of Aadhar data are available on the website www.uidai.gov.in

In case, the Aadhar details are accurate but they do not match with the details in EPFO database, the Pensioners should forward an application to R.O. Of EPF from where the pension is disburse   for change/modification of the concerned data along with the supporting documents like School Leaving Certificate, PAN card, Aadhar Card, Passport, Driving License, etc.  


Please note that the payment of the monthly pension will be stopped after 31.12.2016, of those pensioners whose digital life certificates are not received

Post Views: 493

Even idle EPF accounts will earn interest

Posted by & filed under Provident fund -News.

Highlights

  •  Earlier, an EPF account was considered inoperative if it was dormant for 36 
  • From November 11, even these accounts will continue to accrue interest.
Pls refer to the circular as it was issued in November 2011 Pls see  (Old Circular) where in an EPF account was considered inoperative if it was dormant for 36 months or more. Since April 1, 2011, inoperative accounts did not attract any interest. Thus, if an employee resigned and did not take up another job, or failed to transfer his account to the new employment, the funds in an idle EPF account did not earn him any interest.The notification has amended this scenario. 
The provisions of the EPF scheme are now amended to provide that an EPF account will be considered inoperative only when the employee retires from service at 55 years or migrates abroad permanently , and in both cases does not make an application for withdrawal of the accumulated balance in his EPF account within 36 months. An account will also become inoperative on the death of the account holder. 
The amendments will benefit employees who leave mainstream employment and take up self-employment to fulfil their entrepreneurial goals or take up employment with small employers not covered under EPF scheme.Such employees can now leave their EPF fund balance with the authorities and continue to receive interest. This change will create a new investment option for such employees  

Post Views: 490

EPF Death case Should be settle within 7 days

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear all,

During Pragati Review Meeting which was held on 26th Oct 2016 Hon’ble Prime Minister had showed his concern regarding delay in settlement of EPF/EDLI /EPS claims especially in Death cases

Hon’ble Prime Minister has instructed and ensured that all Death cases claims should be settle within a period of 7 days from date of submission of claim form

All Death cases must be stamped as “DEATH CASE -TOP PRIORITY”


Post Views: 341

ESIC Percentage for New Implemented areas reduce to 1 % Employee & 3 % Employer

Posted by & filed under Esic-Circulars.

Dear all 

ESIC Percentage for New Implemented areas reduce to 1 % Employee  & 3 % Employer  it is applicable only to the new areas which are implemented for the first time & district wise  (i.e. from 1st May 2016 ) New areas implementation started district wise 

Pls refer to  My blog  as publish on 6th of Sep 2016 
https://blog.pcsmgmt.com/2016/09/new-district-covered-esic.html

1. Andhrapradesh:- 9 New District covered W.E.F from 1st Sep-2016
2. Bihar :- 16 New District covered W.E.F from 1st Sep-2016
3. Haryana :- 1 New District covered W.E.F from 1st July-2016
4. Jammu & kashmir :- 8 New District covered W.E.F from 1st Aug-2016
5. Karnataka :- 4 New District covered W.E.F from 1st Sep-2016
6. MadhyaPradesh :- 22 New District covered W.E.F from 1st Sep-2016

7. Telangana :- 4 New District covered W.E.F from 1st July-2016
8.  Rajasthan :- 28 district are covered under ESIC from 1st Aug 2016 
9. Maharashtra :- 20 district are covered under ESIC from 1st Aug 2016
 

The respective reduction of percentage will be for only two years after two years Rule No 51 has  to be implemented.

Notification :- 
ESIC New Areas 1 Percent & 3 & W.E.F from 6th Oct 2016 

Post Views: 597