Coimbatore: Employees Provident Fund Organisation(EPFO) office at Coimbatore has disbursed a pension payment order on the very day of superannuation.
Coimbatore: Employees Provident Fund Organisation(EPFO) office at Coimbatore has disbursed a pension payment order on the very day of superannuation.
'EPFO' office, Regional Commissioner, Jaivadan Ingle in a press release has said,"It has been a long awaited dream of an employee to receive pension payment order on the day of superannuation. The lengthy process of submitting claims, intricacies in documentation, a long wait for pension to be credited and queuing up in front of pension offices are all forgotten history now, thanks to the new initiative of EPFO under the name 'PRAYAAS'.
This plan has set a new goal of issuing payment orders on the day of superannuation by exhorting the employees and employers to complete the documentation process well before retirement. The move is likely to revolutionize the pension delivery system during the grey years of the workers.
This innovative scheme has also been implemented successfully in Regional office, Coimbatore, by disbursing payment order to an employee of M/S Ramakrishna Hospital on the day of retirement. To know more about the initiative, the employers and employees can contact the EPFO Regional office at Coimbatore and District Offices at Tiruppur, Pollachi, Coonoor and Ooty.