Here is a very important update for lakhs of Employees-Pensioners. In fact, the benefit of pension will be provided to them from the month of their retirement. Its preparation has been completed. It was first launched in Ludhiana by the Employees’ Provident Fund Organization (EPFO). Right now a plan has been prepared to launch it in the entire state. The work of presentation before the Central Committee in this matter has also been completed.
Let us tell you that in April 2022, it was launched in Ludhiana under the pilot project of the first phase. At the same time, after its success, preparations are being made to implement it in the whole of Punjab and later in the whole country. This is one of the best pilot project prepared by EPFO. For this, all the documents of the employee retiring two months before will be completed by forming a special team and pension certificate will be provided to all the employees retiring during the retirement month simultaneously.
Explain that the EPFO ​​company should make advance payment of PF contribution due to EPFO ​​along with it for the retirement month. Required documents and required pension claims should be filed with the PF office. The ECR (Electronic Challan cum Return) has to be filed before 15th of the month in which the employee retires. Apart from this, it will be mandatory for the pensioners to submit Form-10D along with the required documents to the PF office. This will enable timely completion of formalities for pension payment and handing over of pension payment orders to pensioners.
In the matter, the Regional Commissioner says that with the guidance of the Central PF Commissioner, this project is being worked on expeditiously or whether it has been successfully used. It will be implemented in entire Punjab. In view of the successful use of the project, it has been presented before the Central Committee. After successful, a plan has been prepared to implement it across the country.
The main objective of this scheme is to make available the pension amount on time to the pensioners so that no person has to wait long for pension after retirement. Pensioners can get the amount of pension on the very first day. Under which now the employees of the state will get pension from the month of retirement.
