Source: News Bharati English07 Jan 2017 10:57:19
New Delhi, Jan 7: The Employees Provident Fund Organization (EPFO) has made Aadhaar or UID mandatory for its about 50 lakh pensioners and around 4 crore members. Those who do not have Aadhaar or not even applied for it will be given time to acquire one.
According to Provident Fund Commissioner V P Joy, the EPFO will review the situation by the month-end and accordingly give more time to the subscribers and pensioners to provide the 12-digit Aadhaar number to remain as the beneficiary of its social security schemes.
The EPFO has directed over 120 field offices to provide wide publicity to the move through media as well as individual notes through employers to create awareness among members and pensioners about providing Aadhaar as their identification.
A notification by the labour ministry says: “Members and pensioners of the Employees Pension Scheme desirous of continuing to avail pension and membership to Employees Pension Scheme, are hereby required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication as per the procedure laid down by the EPFO.”
The Centre contributes 1.16% of the basic wages as the subsidy to every member’s Employees Pension Scheme Account in addition to 8.33% deposited by their employers every month. Since the government provides a subsidy to an EPFO member, it has invoked Section 7 of the Aadhaar (Targetted Delivery of Financial and other Subsidies, Benefits and Services) Act 2016, for the purpose.