Under the Employees' Provident Fund Organisation's (EPFO) "Prayas" initiative, the first Pension Payment Order (PPO) was issued at Bokaro Steel Limited (BSL). The PPO was presented by BSL's Director-in-Charge, Birendra Kumar Tiwari, to Neena Singh, General Manager (HR), upon her retirement.
The event saw the presence of several senior officials, including BSL’s Executive Director (Projects and Additional Charge MM) C.R. Mahapatra, Executive Director (Finance and Accounts) Suresh Rangani, Executive Director (HR and Additional Charge Works) Rajan Prasad, Chief General Manager (HR) Hari Mohan Jha, EPFO Nodal Officer and Deputy General Manager (Finance and Accounts) Poonam Singh, and EPFO Enforcement Officer, Bokaro, Ritu Raj Kumar.
As per EPFO norms, pension payments commence upon an employee reaching the age of 58. Three months before this milestone, the HR department initiates the process, conducting a thorough verification of each employee's service record and documents. Upon successful completion of this review, the PPO is generated, ensuring that pension payments are processed promptly. The timely issuance of this PPO reflects the combined efforts of EPFO and BSL, marking a significant achievement in enhancing employee welfare.
