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Around 7 lakh PF claims pending for settlement

The obstacles faced in settlement of claims include: incomplete and incorrect claims, unattested claims, unsigned claims and default by employer in terms of remittance

December 21, 2012 4:30 IST | India Infoline News Service
As on 13 December 2012 (for the period from 1 April 2012 to 13 December 2012), out of 107.16 Lakh claims received for settlement order, 6.96 lakh claims are pending for settlement.

The obstacles faced in settlement of claims inter-alia include: Incomplete claims (no bank account number, incomplete employee details, etc.); incorrect claims (wrong account number, incorrect personal details, etc.); unattested claims, unsigned claims and default by employer in terms of remittance.

As per the provisions contained in para 72(7) of the Employees’ Provident Funds Scheme, 1952, all claims found in order are to be settled within 30 days. Employees of the covered establishments are guided through print media, seminar & training of the employers for submitting error free claims.

Instructions have been issued to field offices to monitor the status of settlement of claims in their region on regular basis and take corrective steps to settle the claims within the stipulated time-frame.

The Minister of State for Labour & Employment Shri K. Suresh gave this information in reply to a written question in the Lok Sabha on 19th December.

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