All about Pradhan Mantri yojana and other government schemes in India.

2016-04-27

Varishtha Pension Bima Yojana : Unstarred Question at Loksabha

Varishtha Pension Bima Yojana

Whether the EPFO has tightened the norms on withdrawal of provident fund and its investment in Varishtha Pension Bima Yojana and if so, the details thereof and the reasons therefor; and

Whether PF subscribers can directly file claims without the attestation of present or previous employers and if so, the details thereof?

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA
UNSTARRED QUESTION NO: 176                                                      ANSWERED ON: 25.04.2016

Varishtha Pension Bima Yojana

GOPALAKRISHNAN CHINNARAJ

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-

(a)whether the EPFO has tightened the norms on withdrawal of provident fund and its investment in Varishtha Pension Bima Yojana and if so, the details thereof and the reasons therefor; and

(b)whether PF subscribers can directly file claims without the attestation of present or previous employers and if so, the details thereof?

ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI BANDARU DATTATREYA)

(a): No, Madam. Provision for investment in Varishtha Pension Bima Yojna is available in para 68NNN of Employees’ Provident Funds (EPF) Scheme, 1952. There is no change in paragraph 68NNN of EPF Scheme, 1952.

(b): Yes, Madam. The Provident Fund (PF) subscribers whose details like AADHAR Number and Bank Account Number have been seeded in their Universal Account Number (UAN) and whose UAN have been activated may submit claim forms directly to the Employees’ Provident Fund Organisation (EPFO) without attestation of their employers.

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Source : Loksabha


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