Simplified one-page pension claim form introduced

Image
Press Trust of India Chennai
Last Updated : Feb 16 2016 | 7:02 PM IST
Government today unveiled a new simplified one-page pension claim form to enable simplified processing and easier withdrawal.
The single-page Pension Payment Order (PPO) format would form an important 'stepping stone and fulcrum' for further improvements in pension processes and procedures, Labour and Employment Ministry said in a release here.
The single-page PPO unveiled by Union Labour and Employment Minister Bandaru Dattatreya here, replaces the current 8-page format.
"It is a step towards the ongoing efforts of the Government in simplification of forms and procedures of the Ministries and Departments," the release said.
This would reduce "some amount of" processing time and would be easy to handle for the EPFO staff, it said.
The new format is also expected to be more simple and comprehensible for members and pensioners.
The simplified pension claim Form 10 D (UAN-Universal Account Number) is another step taken by EPFO towards rationalisation and simplification of forms in line with the initiatives of the government in this regard, it added.
Earlier, UAN-based claim forms for final PF settlement, advances and withdrawal benefits EPS-95 (Form 19 (UAN)), Form 31 (UAN) and Form 10 C (UAN) were introduced.
The next step is the introduction of a simplified UAN-based form for pension benefits, it said. Accordingly, a simplified UAN-based pension claim form 10 D-UAN has been devised.
Through this form, EPFO will be able to extend pension claim service to a member directly without any attestation by the employer. At present, on-line nomination facility is available for members.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 16 2016 | 7:02 PM IST

Next Story