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EPFO launches new facilities for pensioners; check details

Employees Provident Fund Organisation (EPFO) has rolled out a new facility for pensioners. EPFO launched a face recognition facility for its 73 lakh pensioners for filing digital life certificate. Beneficiaries can avail of this service from anywhere.
EPFO said the face recognition authentication will help pensioners who face difficulties in getting their biometrics captured due to old age for filing the life certificate.
Union Minister of Labour and Employment Bhupender Yadav who also chairs EPFO’s apex decision-making body Central Board of Trustees (CBT) launched the face authentication technology for pensioners.
CBT in its recent on Saturday gave permission for centralised disbursal of funds for further improving the EPFO services for pensioners.
The Labour minister also launched pension and employees deposit linked insurance scheme calculator online service for pensioners and family members to calculate the benefits of Pension and Death Linked Insurance Benefit for which they are eligible.
The minister also released a training policy for EPFO staff which aims at making the service into a competent, and future-ready cadre committed to fulfilling the vision and mission of EPFO as a world-class social security provider. Under the policy 14,000 personnel will be trained annually for 8 days and the total budget will be 3% of the salary budget.
The minister also released the Legal Framework Document in order to make reduce litigation time at EPFO.
The CBT also approved the appointment of CITI Bank as Custodian of securities of EPFO for three years.

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