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As is custom every year, the Foundation made changes this year in April too. Primarily, the changes are for the better and serve the long term requirements EPFO and its members wish to have with policy structural changes. Let’s discuss these puzzling and intricate changes, further redefining your productivity with us. Un-supervised transfers of PF accounts.EPFO is now permitting users to transfer their PF accounts un-supervised without needing allowances from their previous accounts’ employers for various reasons. Specifically, non-compatibility with fund mobility user accounts rules set-by-date-non-retirement-deemed. Furthermore, having UAN drivers licenses check linked-to-adhard. Moreover, unique identification numbers can effortlessly move between G-docs based on needing common identifying name information like birth date, orient, gender, set-non-changed.You will be able to update profile onlineRecently, the Employees’ Provident Fund Organization (EPFO) has also streamlined the process of updating the profile. This means that employees will not have to visit the office numerous times. In fact, if your UAN is Aadhaar enabled, you can change your date of birth, gender, parent’s name, marital status, spouse’s name, and the date you started or left working at a company online. You will be able to submit joint declaration from homeAdditionally, the EPFO has done away with the previous joint declaration rule and restructured members into three categories. First, those whose members’ UAN is linked to Aadhar can make online declaration; second, those whose UAN is an old one but Aadhar is verified will also receive this amenity; and third and finally, those whose Aadhar is not verified will have to visit the EPFO office and submit a joint declaration.Withdraw PF money via any bank accountRecently, the fund body has also changed some policies concerning pension payments and starting from January 1, 2025, they will implement Centralized Pension Payment System (CPPS), having already started the facility for payment through CPPS. In this context, members can now withdraw pension money from any bank of their choice associated with the National Payment Corporation of India (NPCI). EPFO’s decision removes the necessity of transferring Pension Payment Order (PPO) between regional offices.Amendments of pension plan policiesThe Employees’ Provident Fund Organization has also modified some of the guidelines and policies regarding perchased pensions primarily aimed for people who withdraw or intend to withdraw. These changes come after suggestions were received from different regional offices where having a single method where EPFO calculates monthly pension for all pensioners is adopted. Even though this will happen, the method for recovering overdue amounts and paying overdue amounts will remain distinct.