Brick HR

Many employees forget to transfer the balance from their previous provident fund (PF) accounts when they change jobs. Some of them even withdraw the money from PF account. Since PF is meant for one’s retirement years, financial experts suggest that the accumulated savings should not be withdrawn during one’s working years. To encourage employees consolidate multiple accounts, Employees’ Provident Fund Organisation (EPFO) has launched a special drive called “One Employee-One EPF Account”. Here is a 10-point cheat-sheet: EPFO has set up a special portal for the “One Employee-One EPF Account” drive. Under this drive EPFO will actively help those who want to transfer the balance from their past PF accounts to current PF account which is linked to universal account number (UAN). You need to enter your activated UAN along with your current UAN-linked PF number and mobile number registered with the EPFO. Both your UAN and PF number is mentioned on your salary slip. If your UAN is a

The Government of India has extended the ESI Scheme to all the 26 Districts in Karnataka with effect from 1.5.2016. Heither to the ESI Act was applicable to the industrial and commercial clusters notified from time to time. From 1 st  May 2016 ESI Scheme will cover the entire District. Hence, it is obligatory for all the coverable establishments to register under the ESI Act, obtain code number and cover the eligible employees under the ESI Scheme. In Karnataka all the Factories and Establishments employing 10 and above persons are covered. Further, in such establishments the employees who are getting salary upto Rs.15,000/- are covered under the ESI Scheme. It is obligatory for the employers to register within 15 days. For registration and details, contact www.esic.in or call Toll Free Number 1800-425-0636. The Act has come into force in the following areas in the State of Karnataka w.e.f. 1.5.2016:- Sl.No. Name of the District/Areas 1 Bagalkot 2 Bellary 3 Belagavi 4 Bengal

Government is working on a scheme to provide low-cost housing for retirement fund body EPFO's over five crore subscribers, Parliament was informed Monday.   "Government is exploring the possibility for providing a suitable low-cost housing scheme for subscribers of Employees' Pension Fund. It is in preliminary discussion stage," Labour Minister Bandaru Dattatreya said in a written reply to Lok Sabha.   The minister was replying to a question whether the government or the EPFO has introduced/proposes to introduce a scheme to allow its subscribers to pledge their future PF contribution to buy low-cost houses. Last year, the proposal was also listed on the agenda of the meeting of the Employees' Provident Fund Organisation's EPFO trustees meeting on September 16. The proposal was to allow its subscribers to pledge their future PF contribution to buy low-cost houses. A report of the expert committee on housing facility for the subscribers was als