The Employees’ Provident Fund Organisation (EPFO) has recently undertaken some major reforms to enhance service delivery for the organization’s members.
Submission of Physical Digital Life Certificate
Retirees who have yet to collect their Digital Life Certificate (Jeevan Pramaan Patra) can now do so through Facial Authentication Technology (FAT) from their homes. This initiative simplifies it and does not require the user to travel to the EPFO offices or its extension counters.
Member Profile Updates
Members and employers can now submit member profile update requests online through the Unified Portal that has been enhanced. This enhancement is helpful to put it into practice because personal and employment details are updated accurately.
Proposals To Be Included In Upcoming Budget 2025
Trade unions have proposed several measures for the upcoming Union Budget 2025, including:
– Increase in Minimum EPFO Pension: A proposal to increase the minimum pension under the EPS to ₹ 5,000 pm and also enhance the EPS pension amount besides, the existing rate of contribution by the employer towards the EPS pension amount.
– Constitution of the 8th Pay Commission: Demand from various employee unions to create the 8th Pay Commission to review salaries for civil servants.
– Higher Taxes on Super-Rich: A call to the government to implement higher taxes on the extremely prosperous to finance social issues programs.
– Income Tax Exemption Limits: A call to increase income tax exemption levels to ease burden off the taxpayer.
– Social Security for Gig Workers and Agricultural Laborers: A call for extension of the coverage of the social security programs to gig workers and agricultural employment.
– Restoration of Old Pension Scheme: This is a call for government employees to return to the pre-existent pension system as part of their employment benefits.
Conclusion
The innovations evidence commitment towards improving the position of the organization and the members to deliver optimized services to the workforce. All members are advised to make sure you get to know of these changes so that you can be in a position to manage your provident fund through the available resources.
Many senior citizens are faceing problems who couldn’t do the update off certificate of existence due to various unforseen circumstances many don’t have knowledge off online service there pension are held they are running pillar to pillar staff say system hang, Data not there new FORMAT is done etc etc LIC HOD to look & resolve the issue at the earliest