Excelsior Correspondent
SRINAGAR, Mar 29: The 113th meeting of Executive Committee (EC) of Central Board of Trustees (CBT), EPF was held here and was chaired by Sumita Dawra, Secretary, Ministry of Labour and Employment and attended by Ramesh Krishnamurthi, Central Provident Fund Commissioner EPFO.
Other senior officers of Ministry of Labour & Employment and EPFO as well as representatives of employers and employees were also present in the meeting.
New initiatives to streamline EPFO’s processes and to enhance its delivery systems were discussed in the meeting.
The members also discussed seamless PF claim settlement via UPI and it was informed that development of API and system integration with SBI and NPCI is being done by CDAC (technology partner) to ensure smooth rollout in alignment with EPFO’s IT modernization project, CITES 2.01.
This initiative underscores EPFO’s commitment to enhance ease of living for its members.
The EC said that proposal to increase the auto claim limit to 5 lakhs is good as it will immensely help in ease of living of EPF subscribers.
EPFO highlighted completion of hardware upgrades and progress in consolidation of decentralized databases.
A handout stated that despite multiple challenges, EPFO assured stakeholders of its commitment to complete the roll-out within next two months.
The EC appreciated the progress in the processing of Pension on Higher Wages with total application processed increased by 22.8 per cent as compared to last month. Furthermore, 3,26,152 demand letters were issued which shows a substantial increase of 29.5 per cent as compared to last month figures.
The chairperson stressed upon the need to create public awareness about initiatives and efforts made by EPFO for good governance.
The EC also discussed plans to finalize roadmap aimed at transforming the organization into a member-centric, technology-driven body.
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