- Cost of withholding PF monies will increase in relation to the cost of borrowing
money from the bank or in the market. This will seek to create an environment that
makes it cheaper to comply and expensive to under report or non-report employment
and contributions in a timely manner.
- Separate collection program will be designed and put in place that will address
the issue of collection of unpaid arrears. The program will be entirely IT driven
drawing information from the accounting function. Special teams in designated EPF
call centers that will chase all delinquent accounts on a day to day basis.
- Special programs for extending the reach of EPF schemes over the informal sector,
migrant labour and service industry will be put in place to ensure enrolment and
transfer of benefits under the programs to such categories of workers.
- Each EPF employee (task holder) will have the information required to complete his/her
task on his/her desktop terminals.
- Retooled book-keeping & accounting function will maintain reconciled upto-date
accounts in real time on a secure and shared database that will support and be accessible
to all program divisions.
- Record keeping and paper management will be organised along modern lines with IT
enabled indexing for archiving and retrieval. This effort will also decongest EPF
work places and improve the physical environment.
- Special HRD effort will enhance the knowledge and skill levels of our existing officers
& staff to help them adjust and absorb change in work methods.
The objective in the creation of such a system is to register geometric growth in
the membership corpus of EPF/ improved customer client services.
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