We often see no Provident Fund account for unorganized sector
especially in construction sector as well as small scale industries. EPFO comes
out with a great plan in which it will provide a universal social security
number to all the workers in unorganized sector. This number will link to the compulsory
provident fund account.
This service will commence from December 2013. This service
will bring all the workers of unorganized sector under social security and
minimum wage rights.
Any organization or firm employing more than 20 employees
will need to implement this rule.
The construction sector in India has the least cover of the
social security as around 5% employees have the social security cover. The
Employee’s social security number will work like a bank account which will not
change in the case of change the job. The new employer need to feed his/her
social security number in the system for transferring his/her PF account.
Tags-pf account for workers,pf account for construction workers,pf account for unorganised workers,pf account,how to get a epf account,how to get a pf account
The IDEA is well but what about the SMELL?
ReplyDeleteThis is a pre-election gimmick no doubt.
It is common knowledge that there is no way the Govt.can ensure PF Contrbn. of Unorganized Sector employees except doing some superficial annointing of this programme.
Once the 2014 elections are over the usual lethargy and postponements of actual implementation are visualized.
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