77th J&KEPFO Board of Trustees meet

77th J&KEPFO Board of Trustees meet

SRINAGAR: The government has called for an effective implementation of the different provisions of J&K Employees Provident Fund Act, asking officers to carry out regular inspections of the factories to see that the benefits guaranteed under the act are extending to the personnel working in these units.
Minister for Planning, Labour and Employment, Ajay Sadhotra who was chairing the 77th Board meeting of Trustees of J&K Employment Provident Fund on Wednesday said Employees Provident Fund Organization (EPFO) should make all district offices functional asking them to settle all claims of the subscribers pending with the organization.
Underling need for effective implementing of the different provisions of Employees Provident Fund Act, the minister asked the concerned officers to carry out regular inspections of the factories, established under the act, and check whether the benefits guaranteed under the Act are extending to the personnel working in these units.
Regarding introduction of pension scheme for provident fund subscribers of the state, Sadhotra directed the concerned authorities to frame the modalities after surveying the States where this scheme has been introduced and is running successfully.
“It is an important issue and cannot be ignored, the minister said, and instructed the Labour Commissioner to initiate for its early introduction in the state to benefit of the Sadhotra said that payment to the subscribers on retirement should be our priority and enjoined upon the officers to accelerate the recovery process so that provident fund subscribers registered with the department are benefitted.
The board also approved enhancement of interest rate to 8.5 percent from April, 2013 at par with Central Employees Provident Fund Organization, creation of staff of district offices.
Earlier, Labour Commissioner, who is also ex officio Provident Fund Commissioner, gave detailed resume of the achievements and future plans of the organization.
She said necessary steps are underway to complete backlog annual account statements of the subscribers.
Principal Secretary Finance, Secretary Labour and Employment, Labour Commissioner, Deputy Provident Fund Commissioner, Trustees of the Board besides other officers from Finance and J&KEPFO were also present on the occasion.