EPFO Current Affairs
Retirement fund body Employees’ Provident Fund Organisation (EPFO) has launched View Pension Passbook Service for pensioners on Umang App. This facility was launched part of EPFO’s plan to go paperless by August this year and provide all services online. It will allow pensioners view their pension passbook on mobile phones with the help of Umang app. EPFO is already providing various e-services for its stakeholders through Umang.
UMANG (Unified Mobile Application for New-age Governance) app aims to build common, unified platform and mobile app to facilitate single point of access for government services (centre, state and utility services) through mobile. It is multi-utility app and integrates with other core government services of Aadhaar, Rapid Assessment System, DigiLocker and Bharat Bill Payment System etc. and supports 13 Indian languages. It has been developed by Ministry of Electronics and Information Technology (MeitY) and National e-Governance Division (NeGD). It had won Best m-Government Service Award for Accessible Government Category at World Government Summit 2018.
Employee Provident Fund Organisation (EPFO)
EPFO is a statutory body of Union Government that comes under the aegis of Ministry of Labour and Employment. It is headquartered in New Delhi. It is one of largest social security organisations in India in terms volume of financial transactions undertaken and number of covered beneficiaries. It administers compulsory contributory Provident Fund Scheme (1952), Pension Scheme (1995) and Insurance Scheme (1976).
The Employees Provident Fund Organisation (EPFO) launched new online facility for its members to easily link their 12-digit unique Aadhaar number with their Universal Account Number (UAN). Its objective is to ensure better and speedy EPFO services. The new initiative will facilitate EPFO members to link their respective UAN and other relevant details with Aadhaar online. The facility has been made available at EPFO’s official website
Universal Account Number (UAN)
It is one account number allotted to a subscriber for various schemes run by EPFO for his or her entire service period with different employers. It facilitates workers in organized sector to transfer their provident fund deposits while switching jobs anywhere in India easily.
Under it active employees in organized sector are provided with universal number which can be linked to various provident fund account numbers provided to them after switching jobs by different organisations. Thus, a single account number can be used throughout workers’ employments with various organisations.
The roadmap for implementing the UAN programme has been prepared by Centre for Development of Advanced Computing (C-DAC). UAN aims to reduce the workload of the EPFO to a great extent as it receives over 12 lakh claims for transfer of PF account on changing of jobs by its subscribers.