Labour and Employment ministry yesterday celebrated 'Vishwakarma Dinotsav', where 28 workers from the construction, service industries and contract workers were felicitated by K V Sarweswaran, Additional Central P F Commissioner, Maharashtra.
The Employees' Provident Fund Organisation, under the Central PF Commissioner has adopted a resolution on service delivery ethics to create awareness among the workers, employers on benefits of social security and rights and obligations of each stakeholder by continuous engagement with stakeholders to anticipate and meet expectations, a release issued by the EPFO stated.
Pankaj Raman, Regional PF Commissioner informed workers and employers about the enhancement of maternity leave from 12 to 26 weeks; the basic minimum wages for central sphere at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas and enhancement of eligibility limit from Rs 10,000 to Rs 21,000 per month for bonus.
Raman said that mow to attract deduction of tax at source at time of final payment of PF in case of membership being less than 5 years, the limit has been increased to Rs 50,000 from Rs 30,000.
"From July 2015, time limit of settlement of all types of claims from reduced from 30 to 20 days," he added.
He also said that those eligible to receive pension on attaining 58 years, can opt to defer for a period of two years and get enhanced pension at a rate of 4 per cent per year restricted to wage ceiling of Rs 15,000 or if total increase amounts to 8.16 per cent.
"In the event of death of member during period of deferment family is entitled to pension as if member pension commenced on date of death EPS pensioners are no longer required to travel to EPF Offices or bank as they can file Jeevan Praman Certificate online," Raman added.
He further said employers who wish to register for PF compliance have to just file basic details of establishment online with digital signature with no need for physical submission of documents.
Disclaimer: No Business Standard Journalist was involved in creation of this content
