PF Commissioner to pay Rs 1.42 lakh penalty for delay in settlement
The Central Provident Fund Commissioner and others have been asked by a consumer court here to pay Rs 1.42 lakh interest due to a man along with Rs 8,000 compensation for delay in disbursement of his PF.
The Consumer Forum took note of the provisions in the Employees' Provident Fund and Miscellaneous Provisions Act-1952 which stated that the claims, complete in all respects submitted along with requisite documents, shall be settled and benefit amount paid to the beneficiaries within 30 days from the date of its receipt by Commissioner. If there is any deficiency in the claim, the same shall be recorded in writing and communicated to the applicant within 30 days from the date of receipt of such application.
In keeping with the provisions, there is a delay of 175 days in settlement; hence, the Central Provident Fund Commissioner, and five other respondents, including the PF regional offices in Mumbai and Thane need to pay Rs 1,42,893 to subscriber Tambe.