Panaji, June 27, 2020

Employees’ Provident Fund Organisation has been consistently doing its bit in these hard times, by reaching out and extending a helping hand to both working class/employees as well as the employers.

• Statutory contributions both on part of the employee and the employer (12+12=24%) of eligible establishments shall be borne by the Central Government under PMGKY ensuring increase in take home salary to the employees and liquidity in the hands of the employers. This Scheme has been announced to be extended upto wage month August 2020.

In the State of Goa, prima facie there are 1741 eligible establishments, and 42251 eligible members/ subscribers. Out of them only 877 establishments and their 11126 employees took benefits to the tune of 1.87 Crore for March 2020, while 868 establishments for April, 2020 and only 759 establishments for May 2020 have taken advantage of the PMGKY Scheme, till now.  An amount of Rs. 5.40 Crore has been borne against these establishments by the central govt. during these 3 months.

• Further the Central Government has reduced the statutory contribution rate from 12% to 10% for the wage months May, June and July, 2020 for all class of establishments except Central/State PSEs.  A member opting to contribute higher than the statutory rate could continue however the employer can restrict his contributions at the statutory rate of 10%.  The notification dated 18.05.2020 is published and is in public domain at the official website of the organisation. 

The reduced rate won’t be applicable for the establishments enjoying the benefits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) as both the two shares i.e. 12% Employers’ and 12% Employees’ are being borne by the Central Government under the Scheme.

These provisions intend to increase the take home salary to the employees as well as reduce statutory burden on the employers. 

• Provision is added in the PF Scheme for non-refundable advance equal to 75 percent of accumulation or last three months wages, whichever is less to the employees;

​​​​​​​

Keeping up with the hopes of the stranded/affected members due to the prevalent COVID19 situation, Regional Office Goa is settling all advance claims on priority. Till date, 7000 advance claims under COVID19 have been settled in the last 3 months and an amount of Rs. 18.75 crore has been disbursed directly into the Bank Accounts of the members.

Above all, the employees and officers of the Regional Office have continued the operations with utmost dedication and passion for delivery of essential services and ensured settlement of claims received and disbursing pension on priority alongside maintaining all preventive measures with its limited resources.

***

VK

Follow us on social media: @PIBMumbai    /PIBMumbai    /pibmumbai  pibmumbai[at]gmail[dot]com

(Release ID: 1634694) Visitor Counter : 447