Excelsior Correspondent
JAMMU, May 20 : Neelam Shami Rao CPFC, EPFO, on second day of her three-day visit to Jammu and Kashmir today arrived in Gulmarg to have an interactive session with the employers of Jammu and Kashmir. Others present in the session held at Khyber Himalayan Resort & Spa, Gulmarg included Hemant Jain (ICAS), FA&CAO, K. L. Taneja, ACC(HQ) and Rizwan Uddin, RPFC – I and other officers.
Employers present from some of the major establishments include Mohd. Rafique, HR Chief from M/s. Saifco Cements Pvt. Ltd., Manoj Jha, Vice President, from Sutlej Textile Mills, Manish Kant Gaurav from NHPC and Vazir Ahmad from Khyber Group.The session focused on ongoing transition of JKEPFO to EPFO, social security benefit available under the EPF & MP Act, 1952 and the schemes framed thereunder, major initiatives by EPFO and challenges faced by different stakeholders.
Neelam Shami Rao, addressed the gathering about the difficulties of various nature ranging from technical, to legal and bureaucratic nature encountered during the transition process of JKEPFO to EPFO and efforts being taken by EPFO to resolve such challenges such as holding a meeting with Chief Secretary, Govt of UT, J&K and other officials. She assured that issues pertaining to technical side are being resolved with promptness as and when it is brought to her notice.
She requested the employers to voluntarily come forward in team spirit and in partnership mode for effective implementation of the EPF & MP Act in the UT of Jammu &Kashmir. She also cited beneficial features of EPF Act like Higher rate of interest, large insurance benefits, pensionary benefits etc.
Hemant Jain, FA & CAO cited the benefits of the ABRY scheme which the establishments have availed.
He also stressed that these benefits may not be reaching to the intended beneficiaries especially contractual workers and advised establishments to make use of Principal Employer Dashboard facility available on the EPF website to check compliance position of the contractors. He also stressed on completing the KYC of the members so that they can avail the social security benefits without any hindrance. He, further, stated that the Rate of Interest declared by EPFO is way above than those declared by other similar schemes & bank instruments.He exhorted representatives present in the meeting to bring more employees under the coverage of the Act.
K. L. Taneja, ACC (HQ) (DL, UT & J&K and Ladakh) and Rizwan Uddin highlighted that all those eligible employees who were deprived off the pension are now covered under the Employees’ Pension Scheme after the implementation of the EPF & MP Act. In case of any causality as cited above, the pension will be paid to the widow/widower, children of the deceased member.
Also, in case of disability, the employee will be given pension throughout his life. It was also emphasized that an employee who is continued to be in service tenure for 10 years up to the age of superannuation (58 years) under EPFO will be eligible for pension benefits under EPS 1995.
Rizwan Uddin, RPFC-I, RO J&K and Ladakh cited the importance and benefits of the Employees Deposit Linked Insurance scheme, 1976 and the Employees’ Pension Scheme, 1995 which the subscribers of J&K and Ladakh were previously deprived off or benefits were considerably lesser than that of EPF Act.
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