EPFO News: More than 73 lakh pensioners can submit digital life certificate from anywhere using face authentication technology
Life Certificate (Jeevan Pramaan Patra) is one of the most important documents for pensioners. Now retirement fund body EPFO has brought good news for pensioners. In fact, EPFO on Saturday started the facility of submission of Digital Life Certificate from anywhere using Face Authentication Technology for its more than 73 lakh pensioners.
Elderly pensioners will get relief
The facial recognition authentication will help the elderly pensioners who face difficulties in collecting their biometrics (finger print and eye recognition) due to old age for filing life certificates. The Labor Ministry said in a statement that Union Labor and Employment Minister Bhupendra Yadav launched Face Authentication Technology facility for pensioners.
Earlier, EPFO’s apex body Central Board of Trustees (CBT) in its 231st meeting gave in-principle approval to the proposal for centralized distribution of pension to further improve EPFO services for pensioners. It said that its offering will be in different stages and the modalities will be further developed.
Pension and Employee Deposit Linked Insurance Scheme calculator also introduced
Yadav also introduced Pension and Employee Deposit Linked Insurance Scheme calculator which provides online facility to the pensioner and family members to calculate various benefits of pension and death linked insurance benefits. He also released the training policy of EPFO which aims to develop the officers and employees of EPFO into a competent, responsible and future ready worker. Under the training policy, 14,000 employees will be trained for 8 days annually and the salary for thisbudget3 per cent will be kept.
Yadav also released the Legal Framework Document which aims at making the EPFO an efficient and responsible litigant to ensure the conduct of litigation in a coordinated and time bound manner. He also laid the foundation stone of Regional Office Building, Udupi in a virtual program. Bhoomi Pujan was performed locally by Udupi Legislative Assembly MLA K Raghupati Bhat.
Appointment of Citibank as Custodian of Securities of EPFO for 3 years
The CBT also approved the appointment of Citibank as Custodian of Securities of EPFO for a period of 3 years. A proposal to extend the tenure of the existing securities custodian Standard Chartered Bank till the new custodian takes over was also approved.
