The Employees' Provident Fund Organisation (EPFO) has successfully extended its social security benefits, including provident fund, pension, and insurance, to employees in Jammu & Kashmir and Ladakh. This follows the implementation of the EPF & MP Act, 1952, in these Union Territories. The move has significantly increased social security coverage, with a 63% rise in subscribers and a 38% increase in covered establishments. Employees now benefit from enhanced EDLI coverage up to Rs. 6 lakh and access to online services, streamlining business operations.
CBT meet on 4th March, first time in Srinagar after extension EPF Act in the UTs
Consequent upon implementation of EPF MP Act, 1952 in the UTs of JK and Ladakh w.e.f. 31stOctober, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishmen
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FAQ :
EPFO benefits were extended to J&K and Ladakh following the implementation of the EPF & MP Act, 1952, in these Union Territories effective from 31st October 2019.
EPFO has extended provident fund, pension, and insurance benefits to employees in J&K and Ladakh.
The social security coverage for establishments has increased by 38%, and the number of subscribers has grown by 63% since the extension.
The Employees' Deposit Linked Insurance (EDLI) benefit has been enhanced up to Rs. 6.00 lakh for family members of deceased employees, a significant increase from the previous Rs. 70,000.
Yes, employers can now access EPFO services online, including submission of Electronic Challan-cum-Return (ECR), internet banking payments, online registration, virtual hearings, and e-inspection.
Grievances can be addressed through EPFO's online portal EPFiGMS and a Whatsapp App-based helpline-cum-grievance redressal system.