Key Points
As per the draft annual report of EPFO for 2023-24, approved by the labour secretary Sumita Dawra-led executive committee of the central board of trustees of EPFO, the number of contributing establishments under the retirement fund body went up by 6.6% to 0.76 million as against 0.71 million in 2022-23..
The Employees Provident Fund Organisation witnessed 7.6% jump in number of contributing members in 2023-24 at 73.7million compared to 68.5 million in the preceding years while the number of contributing establishments went up by 6.6% to 0.76 million as against 0.71 million in 2022-23, shows the draft annual report of EPFO for 2023-24...
Labour secretary Sumita Dawra-led executive committee of the central board of trustees of EPFO deliberated and approved the draft annual report for 2023-24 at its 109th meeting held on Friday, the ministry of labour and employment said in a statement issued on Sunday...
This will ensure that the annual accounts are prepared timely, and bring in professionalism and latest practices in the process, it said.. Further, the executive committee also deliberated on the draft New Compassionate Appointment Policy, 2024 to bring relief to the dependents and wards of many employees of EPFO who have lost their lives with the majority of them during the pandemic...
Steps to enable centralized pension payment as well as the interventions in improving IT related software and hardware were discussed, and timelines for completion of overhaul of the IT system were noted, the ministry said.. To enhance the ease of living for the citizens through systemic improvements, the executive committee will now hold monthly meetings for the next few months to regularly monitor and review the reform agenda, including modernization projects and other important initiatives that are under way at present, the ministry added...
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