If you are also an employee then this news is for you. In fact, EPFO has taken a big action regarding the pension of the employees. In such a situation, let us know in the news below the latest update of EPFO related to the pension of the employees.
Along with private institutions, the government department is also not lagging behind in not depositing the pension amount of the employees. From April 2022 to January 2023, action is being taken by the Employees’ Provident Fund Organization (EPFO) for not depositing the pension amount of the employees to more than 400 institutions of the state.
According to the information received from departmental officials, private institutions as well as government departments like Corporation, BSNL, Chhattisgarh State Minor Forest Produce, Chhattisgarh Forest Development Corporation Limited, Chhattisgarh State Agricultural Marketing Market Board and Chhattisgarh State Open School are also involved in not depositing the pension amount of the employees. is included.
EPFO has to recover 84 crores from these institutions, out of which EPFO has so far recovered 35 crores. This action being taken by EPFO is being done as per the instructions of Regional Employees Provident Fund Commissioner 1 Abhishek Kumar and Additional Central Provident Fund Commissioner (MP CG) Pankaj.
This is the rule-
Regional Provident Fund Commissioner 2 Jaishankar Rai told that according to the rule, any institution where there are 20 or more than 20 employees comes under the PF Act. They have to deposit the contribution amount of the employees by 15th of every month. First notice is given to the institutions which do not deposit the contribution amount. After that investigation is done under section 7(a) and if found correct in the investigation, order is passed against the employer.
You can go to the court for not depositing the amount even after the order-
It is being told that if the amount is not deposited by the institution even after the order by EPFO, then the court can also be moved under section 14(a). The employer can also be punished with imprisonment of six months and a fine of five thousand rupees.
Defaulters can be punished with confiscation of property-
EPFO officials told that if the amount is not deposited by the employer organizations even till March 31, then a recovery certificate is issued against them in April. On issue of this certificate, the entire matter goes to the Recovery Officer and the defaulters can be arrested along with confiscation of property by him. It has powers equal to that of a civil court.
Action taken as follows-
Under Section 7(a), 54 institutions were inspected. Along with this, 123 cases have been redressed. Investigation of 345 institutions is going on under section 14(b). Of these, 313 cases have ended. EPFO has to recover 84 crores from the institutions which have not deposited the pension amount under both the streams, out of which 35 crores has been recovered. Along with this, Rs 10.3 crore has been recovered under the recovery demand. These figures are from April 2022 to January 2023.
Corporation returned the amount-
Due to non-payment of employees’ contribution, the accounts of Raipur Corporation were seized by EPFO. On Thursday, the corporation returned the contribution amount of the employees. Significantly, the corporation had sought time from EPFO to deposit the amount, but EPFO did not give time and asked to deposit the amount as soon as possible. On this the amount was returned on Thursday evening.
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