The Telegraph
Tuesday , July 1 , 2014
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Online PF code for firms

New Delhi, June 30 (PTI): Retirement fund body EPFO today launched an online registration facility that would help firms get their employers’ code within a day.

Registration of employers and issuing codes to identify firms has been a time-consuming process so far, often taking up to 20-25 days.

Labour minister Narendra Singh Tomar, who launched the facility here, said the new government was committed to providing better services to stakeholders.

Employers will now be provided instructions for filling up forms and the checklist online. Once the registration is over, the PF (employer) code will be allotted online within a day after the firm’s Permanent Account Number (PAN) is verified.

“This online registration of employers will ultimately help in allotting universal account number (UAN) to subscribers. There are plans to issue UAN to subscribers by October,” Tomar told a news conference.

The UAN will improve the quality of service provided to workers in the organised sector as they would not have to apply for transfer of PF account claims on changing jobs. It will also help workers in the construction sector who often work at different locations with different contractors.

The Employees’ Provident Fund Organisation (EPFO) has also envisaged 100 per cent digitisation of records with the objective of moving towards a system where every transaction can be made electronically.

About implementing the proposals for a minimum monthly pension entitlement of Rs 1,000 under the Employees’ Pension Scheme, 1995, and enhancing the wage ceiling for PF deductions to Rs 15,000 a month from the existing Rs 6,500, Tomar said: “The matter is under consideration and it will take at least two weeks to take a decision.”

The minister said there were gaps in the proposals and the labour and the finance ministries were deliberating on them.

Tomar had discussed the two proposals with trade unions on June 24 and told them the government would take at least two weeks to come to a decision.

Tomar iterated the government’s commitment to encourage industrialisation while safeguarding the interest of workers. He also held discussions with industry representatives today and assured them of a better environment in which doing business would be easier.

He also spoke of easier environmental clearances for industry.

removing Tomar said his ministry was aware that a large number of posts of judges needed to be filled in labour courts and would take up the issue on a priority basis.