EPFO Srinagar Srinagar: Employees Provident Fund Organisation (EPFO) Srinagar on Friday organised a seminar on various schemes framed under EPF and MP Act, 1952 in association with Muslim Education Institute, Pampore(MEI) under the “NidhiApkeNikat” programme.
As per the statement, RizwanUddin, PF Commissioner, J&K and Ladakh attendedthe programme along with AnkurJanghu, Enforcement Officer.
It said that the benefits of the Employees Deposit Linked Insurance Scheme andthe Employees’ Pension Scheme were elaborately explained to the participantsassembled on the premises from adjoining Educational Institutions of Srinagar.
After implementation of EPF and MP Act, 1952 in the UTs of J& K and Ladakh,employees are entitled to an Insurance Scheme titled Employees Deposit LinkedInsurance Scheme, 1976 to a maximum of Rs 7 lakh (in the event of servingmembers).
“A minimum of Rs 2.5 lakh is paid to the dependant/nominee of the deceasedmember if the employee has been a member for a continuous period of one year.Insurance benefits vary according to the length of service and the balance amountin the PF account of the member. PF Commissioner, J&K and Ladakhemphasisedthe need to maintain as much balance in PF Account as the members can, to getmaximum benefit under EDLI,” the statement reads.
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