PF Cases Awaiting Settlement

As on 13.12.2012 (for the period from 01.04.2012 to 13.12.2012), out of 107.16 Lakh claims received for settlement order, only 6.96 Lakh claims are pending for settlement.

The obstacles faced in settlement of claims inter-alia include:

(i) Incomplete claims (no bank account number,incomplete employee details, etc.)

(ii) Incorrect claims (wrong account number, incorrect personal details, etc.)

(iii) Unattested claims

(iv) Unsigned claims

(v) Default by employer in terms of remittance/returns

As per the provisions contained in para 72(7) of the Employees’ Provident Funds Scheme, 1952, all claims found in order are to be settled within 30 days. Employees of the covered establishments are guided through print media, seminar & training of the employers for submitting error free claims.

Instructions have been issued to field offices to monitor the status of settlement of claims in their region on regular basis and take corrective steps to settle the claims within the stipulated time-frame