States govt eases GPF regulation

Tribune News Service

Jammu, February 20

In a major relief to government employees, the state government today relaxed norms for the settlement of final refund cases of the General Provident Fund (GPF) by the District Fund Offices.

An announcement in this regard was made by Minister for Finance Haseeb A Drabu in his Budget speech in the Legislature last month. “The employees face considerable difficulties in the settlement of their GP Fund cases at the time of their retirement and they are asked to produce a certificate relating to withdrawals since their joining of service. The government employees will, henceforth, be required to furnish only credit and debit statements for the past five years for their final GPF withdrawal,” Drabu had said in his Budget speech.

The Finance Department issued a formal order today.

According to the order issued by Principal Secretary, Finance, Navin Kumar Choudhary, now at the time of settlement of the final GPF claims, debit and credit statements of the past five years, showing withdrawals and subscriptions made by the subscriber, shall be required to be furnished.

It further said where the information for such period was not readily available, an indemnity bond shall be taken from the subscriber.