EPF holders to have PAN-like card
To ensure speedy settlement of Provident Fund and pension claims, Employees Provident Fund Organisation (EPFO) will issue National Social Security Number (NSSN) within a year.
By PTI |
THIRUVANANTHAPURAM: To ensure speedy settlement of Provident Fund and pension claims, Employees Provident Fund Organisation (EPFO) will issue National Social Security Number (NSSN) within a year.
The National Social Security Number will be issued to four crore members covered by the scheme on the lines of Permanent Account Number (PAN) given by the Income Tax Department.
The NSSN would enable an EPF member to carry on with the same account number even if the person changed his job or moved from place to place within the country, Regional Provident Fund Commissioner, Kerala, V G Divakaran told reporters here.
Over four lakh establishments covered by EPF scheme have been asked to provide the employee details in a prescribed form based on which NSSN cards would be prepared by EPFO's regional offices.
"This will reduce the accounting problems and enable the worker to have the claim settled early," he said.
The preparation of the cards would be outsourced to competent agencies to avoid delay.
In Kerala, NSSN has collected details of 1.6 lakh subscribers out of a total of 12,77,042 accounts.
The total arrears of payment from employers in the state stood at about Rs 100 crore. The defaulting employers included state PSUs.
Sectoral wise, the biggest chunk of arrears was due from the crisis-ridden plantation sector which stood at Rs 20 crore. About 45 per cent of the amount was pending due to litigations.
The National Social Security Number will be issued to four crore members covered by the scheme on the lines of Permanent Account Number (PAN) given by the Income Tax Department.
The NSSN would enable an EPF member to carry on with the same account number even if the person changed his job or moved from place to place within the country, Regional Provident Fund Commissioner, Kerala, V G Divakaran told reporters here.
Over four lakh establishments covered by EPF scheme have been asked to provide the employee details in a prescribed form based on which NSSN cards would be prepared by EPFO's regional offices.
"This will reduce the accounting problems and enable the worker to have the claim settled early," he said.
The preparation of the cards would be outsourced to competent agencies to avoid delay.
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In Kerala, NSSN has collected details of 1.6 lakh subscribers out of a total of 12,77,042 accounts.
The total arrears of payment from employers in the state stood at about Rs 100 crore. The defaulting employers included state PSUs.
Sectoral wise, the biggest chunk of arrears was due from the crisis-ridden plantation sector which stood at Rs 20 crore. About 45 per cent of the amount was pending due to litigations.
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