EPFO organizes Chintan Shivir at Surajkund – ‘EPFO@Amrit Kal – Behtar Kal’ first of its kind in the history of EPFO. Outcomes for expansion and improvement in the service delivery mechanism of EPFO discussed
Contents News/Article Date: 8th September 2022
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952
Type: Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav chaired a ‘Chintan Shivir’ organized by EPFO at Surajkund, Haryana
Pertains to Establishments and Members and EPFO
Relevance of this news: Karma Management Global Consulting Solutions Pvt. Ltd is in the business of Payroll, Outsourcing, and Regulatory Compliances from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing On-boarding Management, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Now Karma Global is also fully into labour compliances for nearly 18 years and is helping both establishments and workers for the fulfillment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on a Pan India basis. Recently, it has diversified into foreign shores as well, into countries like the US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment, and governance.
Karma is full-time in the work of Provident Fund and works closely with all the EPFOs located throughout the country. The provident fund contributions are such that every month 12 percent of the basic salary + DA of every employee goes to the PF account. Out of which, 8.33 percent goes to his pension account and 3.67 percent goes to EPF every month. After accumulating this money deposited year after year in the pension account, he gets it as a pension after retirement.
Now the money of each member that is accumulated in EPFO earns interest and at the time of closure of membership, the member gets back his accumulated PF money with interest plus a monthly pension as per rules. Karma Management is generating crores of contribution to the PF Treasury, month on month, and in this instance, Chintan Shivir of EPFO themed ‘EPFO@Amrit Kal – Behtar Kal’, first of its kind in the history of EPFO concludes with landmark discussions and far-reaching recommendations for expansion and improvement in Services & Service Delivery Mechanism to its subscribers. It was attended by domain experts, officers of the Ministry of Labour & Employment, and EPFO.
Subject: EPFO organizes Chintan Shivir at Surajkund – ‘EPFO@Amrit Kal – Behtar Kal’ first of its kind in the history of EPFO. Outcomes for expansion and improvement in the service delivery mechanism of EPFO discussed
For greater details, appended
Ministry of Labour & Employment
EPFO organizes Chintan Shivir at Surajkund
‘EPFO@Amrit Kal – Behtar Kal’ first of its kind in the history of EPFO
Outcomes for expansion and improvement in the service delivery mechanism of EPFO discussed
Posted On: 08 SEP 2022 10:45 PM by Delhi
Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav chaired a ‘Chintan Shivir’ organized by EPFO at Surajkund, Haryana today.
Chintan Shivir of EPFO themed ‘EPFO@Amrit Kal – Behtar Kal’, the first of its kind in the history of EPFO concludes with landmark discussions and far-reaching recommendations for expansion and improvement in Services & Service Delivery Mechanism to its subscribers. It was attended by domain experts, officers of the Ministry of Labour & Employment, and EPFO.
Following Five themes of the Chintan Shivir were discussed by Additional CPFCs to provide better reach and transparent service delivery to the subscribers of EPFO:-
Mission 10 crore – Growing EPFO scope
Ease of Compliance – Service Expansion
EPFO Karmayogi – Capable Organization
Satisfied Members – Seamless Services
Preparing for future – Pensioners Our Priority
Union Minister of Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav, in his concluding address at EPFO ‘Chintan Shivir’ held at Surajkund, Haryana today informed landmark outcomes for expansion and improvement in the service delivery mechanism of EPFO.
The Union Minister stated that the outcomes of EPFO ‘Chintan Shivir’ will help in fulfilling the Hon’ble PM’s vision by bridging the gap between policy and execution. It will further prove a game changer and benefit all the stakeholders in a big way.
Hon’ble Minister identified major areas in which EPFO should focus its efforts by creating the task force: –
1. Enhancement of Information Technology capability by creating the best system and methods which can provide service in all Districts of the country.
Creation of the best and enabling infrastructure
Mission Karmayogi” to be implemented through training and motivation.
A special drive is to be launched for the recruitment of staff and officers in the next six months.
Easy and uninterrupted pension payment delivery system.
Compliance mechanism to be strengthened more as an enabler rather than an enforcer.
Litigation to be reduced.
Hon’ble Minister further emphasized that EPFO has more than18 Lakhs crores assets under management which is an enormous responsibility and should be borne with trust. Hon’ble Minister further exhorted that officials of EPFO provide unbiased, transparent, and simplified governance to the stakeholders.
Shri Rameswar Teli, Hon’ble Minister of State for Labour & Employment, Govt. of India expressed happiness with the outcome of EPFO ‘Chintan Shivir’ and stated that the vision@2047 document of EPFO universalizes social security in the country. Hon’ble Minister of State praised EPFO for providing more than 31 thousand PPOs through the “PRAYAAS” initiative. He further praised EPFO for providing relief to employers and employees under the ABRY scheme. The initiative of “Chintan Shivir” is a step to further the objective laid in the vision@2047 document and new ideas which come in this “Chintan Shivir” will bring a smile to EPFO members.
Shri Sunil Barthwal, Secretary, Labour & Employment, Govt. of India said that services of field offices are to be standardized across all the offices of EPFO. Social security outreach for the citizens to be enhanced through the integration of eShram, Udyam, ASEEM, and NCS portals. He further praised the efforts of EPFO for speedy settlement of claims.
Mrs. Neelam Shami Rao, Central PF Commissioner, EPFO extended the vote of thanks to all the dignitaries who attended the Chintan Shivir.
