Unclaimed EPF money to fund Medical costs of EPF Pensioners

5 comments

There is currently a proposal by which unclaimed EPF money will be used for funding medical expenses of EPFO pensioners at ESIC hospitals

 

Savings remaining unclaimed in dormant Employees’ Provident Fund (EPF) accounts for seven years will be used to fund a new scheme for providing medical benefits to pensioners under the EPF scheme, according to Labour Ministry sources.

 

As per the news on Hindu Business line, the amount that is remaining claimed for nearly 7 years will be used to fund a new welfare scheme if it’s implemented which would benefit only EPF Pensioners

 

 

5 comments on this post

  1. Sir we have been waiting eagerly for the finalization and announcement of the proposed medical benefit scheme from ESIC for US (EPS 1995 pensioners.) .Even essential medicine is beyond our reach.May I request for an immediate action on this.-thanks and regards

  2. Dear Sir, I am S.Kannan retired Staff from Private sector company.Now I am getting Rs.1540/- as monthly pension from PF office, Chennai. My wife is a dialysis patient due to kiddny failiur. I am suffering a lot to meet out Medical expenses. How to get the aid from PF unclaimed fund for the medical expenses. Please explain the procedure to apply.

    1. Sir, This has not been notified yet by Central Government, Once there is an official Gazette notification from Central Government you can make use of it (This proposal is still being discussed by EPF board and has not been approved yet)

  3. I have unclaimed EPF money at Pune office science 2009.
    How to get it clamed ?

    1. I think it has been inoperative account, you need to reach your Local EPF Office to know about the details!

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