Contactor Issues with EPF

Many contactors are despositing money in EPF accounts of labour and the labour is clue less. This money is lying unused. How does EPFO plan to correct this and ensure the beneficiary gets his share/due. more  

Vijay Kanaujia - I think that earlier also I have suggested that EPFO office has to develop a new software through which the poor people can get their money without much difficulty and they need not pay any kind of bribe to anybody in the EPF Office. The poor man has to open the online software and give his details for getting his money easily transferred to his bank account without delay. This has to be done by them in such a manner. more  
This is becomes more complex issue together with the indecent and indifferent functioning of our PF offices. They have unnecessary tedious procedures, systems and mant water tight compartments that, poor people will find that they will have to spent more in travel expenses and bribes than his due money so let it go. more  
Contractors are never bothered about the PF contribution of the labours and it at any cost is going to be benefitted to them. Hence, the recovery of the PF money by the contractors has to be stopped and the employer is responsible to recover the money and deposit in the PF account on their name with all required details which will be given back in later date. more  
Our is the most undisciplined nation because of wide spread corruption and lethargy in the judiciary. Mostly culprits escape punishment. This is basic reason of Crime graph going up. Employer will pass on the PF deduction to the labour only when we knows that he will have to face strict punishment otherwise. Loop hole need to be plugged. more  
This money never comes back to labour force. The labour changes from one job to another in temporary jobs and due to their illiteracy and unawareness, the PF contribution is also not being transferred from one company to another. The to be transferred is generally very small (for wages for less than 6 months to avoid absorption) and efforts by others do not appear to be commensurate with the PF money in question for transfer never to talk of withdrawal. Thanks Mr. Naveen Goel for raising this important issue for welfare of poor labour class. more  
Post a Comment

Related Posts

    • EPFO lowering interest rates is not good

      EPFO slashes interest rates to 8.1%, lowest in over 40 years. Over 6 cr EPF account holders will feel the pinch. Similarly: Interest on FD ⬇️ Interest on PPF⬇️ Interest on Post offic...

      By Sarita Ravichandran
      /
    • Is EPFO a time bomb asks S. Nag

      The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entiti...

      By Satvik Singh
      /
    • PF a/c holders Pension benefits. After retirement getting very less pension.

      Dear Respected members, Please note I am 56 year old, and I have been a PF a/c holder for past 19 years. When I check what is the pension I am going after 60 OR retirement, it is very l...

      By Arun Kumar
      /
    • EPFO servers defunct

      EPFO walon, Your server has been unresponsive for a while now. The error message is consistent for anyone who tries to go about the e-nomination process. Please sort this .

      By Satvik Singh
      /
    • When EPF Portal will be able to serve people online?

      EPF Work is for namesake online but practically it hardly serves to 5-10% people, otherwise of this portal of no use. It requires you to visit PF Offices despite of all documents uploaded and accep...

      By Vinod Kale
      /
    • Recovering EPF Payment grievance

      I have EPF payment due for my service as on Dec2019, due to certain personal reasons I could not take up further employment and I attempted to get back the payment due to me in December 2012 but th...

      By Nishith Kumar Mukherjee
      /
    • EPFO AND CONSUMERS

      Sorry to write about the dis satisfying performance of EPFO.. ITS GOVT ORGANIZATION, HENCE SOME DICTATORSHIP SMELLS THERE,THEY DONOT RESPOND TO ANY PROBLEM. IN MARCH 2009,MY FAMILY PENSIO...

      By Satyapal Singh
      /
    • Withdrawl of PF

      I lost my job after May 2020. I want to withdraw my PF but I am unable to do same because my company has been liquidated n the IRP appointed by NCLT has not authorized anyone as authorize signatory...

      By Ravi Rai
      /
    • EPFO may fund startups

      The EPFO should note that it is a custodian of the money which people who are saving for the retirement. You are not supposed to behave like a financier to fund startups.

      By Satvik Singh
      /
    • Scheme certificate cancellation from RPFO Delhi- central

      I had submitted Scheme certificate at RPFO cuddapah at the time of submisstion of Form 10D for EPF monthly pension in the year 2017. RPFO cuddapah sent letter to RPFO Delhi-North asking cancellat...

      By K R S S Murty
      /
    • Your EPF claim.

      Can you share your EPF Account number? (State/Organisation code number / your account no).

      By MANDALIKA Surya Narayana Sastry
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)