Provident Fund
1) GPF (General Provident Fund), 2) CPF (Contributory Provident Fund), 3) EPF (Employees Provident Fund).
Application for final payment should be submitted in proper form in due time prescribed by the government. (Form 10A where the subscriber is alive and Form 10B in case of death of a subscriber).
GPF, CPF, CPFE shall carry interest at the rate of 8% (eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six per cent) w.e.f. 01.12.2011.
State Assisted Scheme of Provident Fund for Unorganized Workers (SASPFUW), Buildings and Other Construction Workers’ Welfare (BOCWA) and West Bengal Motor Transport Workers’ Welfare (WBTWSS) Schemes
Introduction of a facility in IFMS to access a statement showing up-to-date GPF balance for State Government Employees whose GPF Accounts are maintained by the Office of the Accountant General, West Bengal.
Introduction of Non-Government Institutions Provident Fund (NGIPF) Module in WBIFMS for Provident Fund maintenance in Non-Government Educational Institutions, Local Bodies and other similar institutions.
GPF interest at the rate of 8.8% (eight point eight per cent) per annum. This rate will be in force during the financial year beginning on 1st April, 2012.
In case the employees do not revise their contributions, the respective DDOs must regulate the subscription so that the threshold limit of Rs. 5 Lakh is not exceeded in a financial year.
Monthly PF subscription should strictly be regulated in such a manner so that the total sum of subscription in a financial year does not exceed the limit of Rs. 5 lakh.
D.D.O’s and Heads of offices are requested to forward all the final payment cases of the retiring employees to the A.G. Office immediately after compulsory stoppage of G.P.F. subscriptions.
Fixation of rate of interest in cases of refund of employer’s share of contribution towards C.P. FUND for availing pensionary benefits etc.