Best year for employees? From Provident Fund UAN to new NPS – All that changed in 2019

Provident Fund Rules 2020: The year 2019 brought several good news for employees. The government approved 8.65 per cent interest on PF contributions. For traders, a new pension scheme was announced for the first time. Not just this, the EPFO provided facility to generate UAN for PF accounts online. Two mega pension schemes were also launched during the year for old age protection and social security of unorganized workers. The government took steps for codification of existing Central labour laws into four codes by simplifying the relevant provisions of the Central Labour laws. Before we enter 2020, here’s a look at all that changed for employees this year:

Shram Suvidha Portal: Ministry of Labour & Employment has developed a unified Web Portal ‘Shram Suvidha Portal’, to bring transparency and accountability in enforcement of labour laws and ease complexity of compliance.

Ayushman Bharat for ESIC members: ESIC decided to provide cashless medical care services to entitled Insured Persons and Beneficiaries under Ayushman Bharat package rates in newly implemented area of 102 designated Districts through PMJAY empanelled hospitals up to a maximum limit of Rs.5.00 lakh, beyond which individual case will be channelled to ESIC for seeking approval for further expenditure on ESI beneficiaries. Similarly, PMJAY beneficiaries may get in-house medical treatment services as per Ayushman Bharat approved packages from underutilized ESI Hospitals.

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