Regional Provident Fund Commissioner, UT Ladakh and J&K, Rizwan Uddin, who is on a two-day visit to Ladakh conducted a seminar on Employees' Provident Fund (EPF) and Miscellaneous Provisions Act, 1952 and other related schemes on October 6 at conference hall Baroo, Kargil.

The regional PF Commissioner highlighted the importance of enrolling employees, contractual or casual, under EPF to extend the benefits of social security schemes.

He spoke at length about the schemes framed under EPF Miscellaneous Provisions Act, such as the Employees’ Provident Fund Scheme, 1952, Employees’ Deposit Linked Insurance Scheme, 1952, and Employees’ Pension Scheme, 1995.

He also shared the modalities of employees’ contributions and administrative charges regarding the same schemes. He also briefed the participants about the benefits envisaged under the three schemes to beneficiaries. 

Stakeholders were also apprised about the benefits of pension and insurance to the family under EPS Scheme, 1995 and under the Employees' Deposit-Linked Insurance Scheme, 1976 respectively to family members in the event of unfortunate death.

Rizwan Uddin stressed ensuring the remittance of provident funds in respect of all eligible members including outsourced employees timely.

He also assured to resolve of the issues faced by the schools, hotels, other establishments, and stakeholders by providing handholding support and training as per the requirements and needs, particularly on Universal Account Number (UAN) activation, KYC updation, claim settlement and e-nomination.

A live demonstration about obtaining the UAN with the mobile number was made for several employees of schools and other establishments. UANs were provided to many such employees on the spot whose nomination Bank KYC was not complete. The employer was advised to complete KYC and e-nominations of all employees.

The meeting also deliberated on various other issues, including the problems associated with the implementation of EPF and MP Act, 1952, coverage of establishment and enrolment of members, issues related to the enrolment of members, UAN activation, and KYC.

Issues relevant to compliance with the Act, and members/beneficiaries under schemes were also discussed along with the queries raised by participants.