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EPFO releases pensions to 307 employees under Prayaas scheme in Ahmedabad

by TLAteam June 30, 2022June 30, 2022
written by TLAteam June 30, 2022June 30, 2022
EPFO releases pensions to 307 employees under Prayaas scheme in Ahmedabad

The Employees’ Provident Fund Organisation (EPFO) regional office in Ahmedabad released pension to 307 employees of various organisations in Gujarat under the Prayaas scheme on Thursday. Members are given a pension order on the day of their superannuation under this scheme.

Business News

“The regional PF office at Ahmedabad is one of the largest offices in the country and we are among those giving maximum pension. For the month of June, we have released pensions for more than 1,000 persons. This number is usually around 500 every month. Of the 1,000 pensions released, we have given 307 under the Prayaas scheme, which is perhaps the highest in the country. The pension released under the Prayaas scheme last month was just 70,” said Manoranjan Kumar, regional commissioner of Ahmedabad EPFO office.

“Pension is an important scheme where we give a monthly pension to members who retire after a minimum of 10 years of service. Earlier, people used to face a lot of issues with regard to submission of documents. Government launched this scheme to provide pension from the last day of the retirement of the member,” Kumar added

The official said the Ahmedabad office has given pensions to over 500 employees under the Prayaas scheme so far.

When asked if the numbers were on the lower side, Kumar said, “The scheme has just begun. If documents are submitted on time by the concerned human resource department, then it will be easier to release pension under the scheme. This scheme has picked up in the last 2-3 months. When we started, we used to give out only 2 or 3 pensions every month under this scheme.”

Officials stated that frequent webinars with various organisations are being organised to raise awareness about the scheme. Every month, the EPFO office in Ahmedabad processes pensions for over 1.48 lakh pensioners.

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