PRESS NEWS
Ministry of Labour & Employment
UNION LABOUR MINISTRY NOTIFIES
AMENDMENT IN EPF SCHEME TO ALLOW WITHDRAWAL OF NON-REFUNDABLE ADVANCE BY EPF
MEMBERS IN THE EVENT OF OUTBREAK OF PANDEMIC
EPFO DIRECTS ITS FIELD OFFICESTO IMPLEMENT THE AMENDMENT
Posted On: 29 MAR 2020 12:14PM by PIB Delhi
The notification GSR
225(E) issued by Ministry of Labour and Employment amending the EPF Scheme 1952
allows withdrawal of non-refundable advance by EPF members in the wake of COVID
-19 pandemic in the country. The notification permits withdrawal not exceeding
the basic wages and dearness allowance for three months or upto 75% of the
amount standing to member's credit in the EPF account in the event of outbreak
of epidemic or pandemic.
COVID-19 has been
declared pandemic by appropriate authorities for the entire country and
therefore employees working in establishments and factories across entire
India, who are members of the EPF Scheme, 1952 are eligible for the benefits of
non-refundable advance. A sub-para(3) under para 68L has been inserted in the
EPF scheme,1952.The amended scheme Employees Provident Fund (Amendment)
scheme,2020 has come into force from 28th March,
2020.
Following the
notification, EPFO has issued directions to its field offices for promptly processing
any applications received from EPF members to help them fight the situation. In
its communication EPFO has stated that officers and staff must process claims
of EPF subscribers promptly so that relief reaches the worker and his family to
help them fight with COVID-19.
RCJ/SKP/JK (Release ID:
1608961) Dated: 29 March-2020
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