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Tuesday, October 29, 2013

Now, transfer your EPF accounts online

Now, transfer your EPF accounts online - The Hindu var _comscore = _comscore || [];_comscore.push({ c1: "2", c2: "11398210" });(function() {var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; s.async = true;s.src = (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js";el.parentNode.insertBefore(s, el);})(); Follow Today's Paper Archive Subscriptions RSS Feeds Site Map ePaperMobileApps Social SEARCH

Home News Opinion Business Sport S & T Features Books In-depth Jobs Classifieds Shopping Bus tickets Cities Bangalore Chennai Coimbatore Delhi Hyderabad Kochi Kozhikode Madurai Mangalore Visakhapatnam Thiruvananthapuram Tiruchirapalli Vijayawada Cities» VisakhapatnamVISAKHAPATNAM, October 29, 2013 Updated: October 29, 2013 13:56 IST
Now, transfer your EPF accounts onlineNivedita GangulyShare · Comment · print · TweetTOPICS Andhra Pradesh Visakhapatnam
labour employee
Worried about transferring your Employee Provident Fund (EPF) account after a job change? Here’s some good news. For scores of employed professionals, the implementation of online transfer of EPF accounts has come as a relief. What used to be a laborious process is now expected to be reduced to a few days time.

“Earlier, it used to take one to two years for the EPF account transfer to take place. But with the start of the online transfer system, we are aiming to speed up the entire process and ensure that it happens within three days time,” said M. Jagadeeshwar Rao, Member of Central Board of Trustee, Employee Provident Fund Organisation (EPFO).

There are over 14 lakh EPF accounts that come under the purview of the Visakhapatnam Provident Fund Office, which caters to Srikakulam, Vizianagaram and Visakhapatnam districts.

Previously, the manual process of transferring the EPF account involved filling up of Form 13, getting it attested from the previous employer and submitting it to the Provident Fund Office. From thereon, the process would take a long time.

In the online transfer system, PF subscribers need to visit the website www.epfindia.com and click on ‘Online Transfer Claim Portal’ (OTCP) and follow the process. With this the money can get transferred from one account to another online. However, for online transfer of EPF account from a previous employer to the current employer, it is important that the digital signatures of these employers are registered with EPFO to verify claim papers online. The EPFO had started registering digital signatures of companies from July this year.

“With the introduction of OTCP, the EPF authorities are in the loop as soon as an EPF account transfer is initiated. In the earlier process, the employer would take a lot of time in submitting the Form 13 to EPF authorities, but EPFO did not have the scope of figuring out the delay in submission. But now, the process is faster,” said Mr Rao.

Currently, the online process is being upgraded in all the PF offices across the country. “There are some technical issues at some places, which will be fixed within the next two months,” Mr Rao added.

Keywords: Employee Provident Fund, EPF account, EPFO, PF subscribers, online transfer system

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Saturday, October 5, 2013

School leaders ask Mo. lawmakers for transfer fix

COTTLEVILLE, Mo. (AP) — A roving panel of Missouri lawmakers started a three-day, statewide fact-finding trip on education policy in a suburban St. Louis school district where hundreds of students from a failing district are being bussed to better-performing schools up to 30 miles away.

The 17 members of the interim House Committee on Education who attended the Monday afternoon meeting at St. Charles Community College heard from superintendents, school choice advocates, local school board members and parent activists. The advance agenda listed eight topics, but the interconnected issues of costly school transfers and failing schools were clearly on the minds of most in the room.

The legislators were encouraged to seek a long-term fix to what those providing public testimony called a short-term solution that came to a head over the summer after a state Supreme Court ruling triggered the exodus of nearly 2,600 students from the unaccredited Normandy and Riverview Gardens districts...

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Saturday, June 8, 2013

College Coaches Use Transfer Rules to Limit Athletes’ Options

Then the transfer process started, producing the latest and perhaps an extreme example of what is occurring throughout the country this time of year as many college athletes try to move to different universities.

The Oklahoma State coach, Mike Gundy, ruled out nearly 40 universities as transfer options for quarterback Wes Lunt, an apparent show of gamesmanship and punishment toward a college athlete who wanted to take his skills elsewhere.

The forces at work were not new, but Gundy, like a growing number of coaches, chose to harness them to eliminate many, if not all, of Lunt’s preferred options and to keep a potential rival from gaining the services of a highly regarded quarterback entering his sophomore season. It was a powerful illustration of the big-business mind-set of college sports and the control that coaches have over players.

When an athlete chooses to transfer, three sets of rules can be involved: those of the N.C.A.A.; those of the conference in which the university competes; and those that accompany the national letter of intent, a contract that athletes sign while still in high school to announce their intention to attend a university.

“It’s entirely slanted to the coach’s side,” said Don Jackson, a lawyer who runs the Sports Group in Montgomery, Ala., and who has represented dozens of athletes attempting to transfer to a university of their choice. “Once the student-athlete signs that national letter of intent, it’s essentially a contract of adhesion. They have limited rights.”

Universities have long sought to block student-athletes from transferring to a rival program. Alabama’s football team, for example, would not be expected to let a star player go to Auburn. But the impulse to limit the student-athlete’s options has been heightened to the point that coaches are now blacklisting dozens of universities.

Proponents of transfer limits say that they are put in place to prevent coaches from continually attempting to lure athletes from other universities, which could create a never-ending recruiting cycle. Critics counter that the rules make it much too easy for coaches to act punitively, penalizing athletes for changing their minds about decisions made when they were teenagers.

Coaches cannot fully prevent athletes like Lunt from transferring to any university they want. But if a coach does not grant an athlete a release, the player must forfeit any scholarship opportunity, pay his own way to the new university and sit out the next season. Meanwhile, Gundy, whose contract pays him $30.3 million over eight years, and other coaches can routinely move from one college to another with minimal consequence, often for bigger contracts after arranging a buyout with the first college.

Lunt, who did not respond to requests for comment, is reportedly deciding whether to transfer to Louisville or Illinois, neither of which was blocked by Gundy, 45, who declined to comment and has not spoken publicly about the restrictions placed on Lunt.

The N.C.A.A. also declined to comment.

When Eugene Byrd worked for the Southeastern Conference, he oversaw the administration of the national letter of intent, essentially a one-year contract between a student and an institution with four yearly options to renew. As an assistant commissioner, he tried to simplify the often confusing process.

Byrd said the national letter of intent no longer served its original purpose, which was to stop the pursuit of high school players once they committed to a university. “It was supposed to end the recruiting once you signed,” he said. “It became a threat to limit the ability to transfer.”

In 2009, Robert Marve, who had started 11 games at quarterback for Miami before being benched, announced his intention to transfer. Randy Shannon, then the team’s coach, blocked him from transferring to any program in the Atlantic Coast Conference, which Miami belongs to; any program in the SEC; and any program in Florida, Marve’s home state.

Jack Styczynski contributed research.

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