EPFO Gives Gift: Now organized sector employees can also go to the EPFO portal and generate their own Universal Account Number (UAN). Retirement fund handling agency EPFO introduced the facility on Friday. Thus, employees will not have to depend on their employer ie company for UAN.
Now Companies Generate UAN
In the current system, an employee has to apply for a UAN through his employer, leaving him with the hassle of claiming a PF transfer while changing jobs. The employee’s UAN remains the same throughout life.
Now an employee can directly get the UAN by visiting the EPFO website, which leads to his registration for PF, pension and life insurance benefits. Also, the employee will not have to depend on his employer for UAN.
PPO Can be Downloaded on DigiLocker
Apart from this, the Employees Provident Fund Organization (EPFO) also introduced the facility of downloading pension-related documents like Pension Payment Order (PPO) on DigiLocker for its 65 lakh pensioners. The EPFO has integrated the DigiLocker of the National e-Governance Division (NeGD) to create an electronic PPO depository, which can be availed by pensioners.
This is a step taken by the EPFO towards a paperless system. Labor Minister Santosh Gangwar introduced these two facilities during the 67th Foundation Day celebrations.