Panels formed to look into EPFO functioning.

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• The Union Labor and Employment cabinet  Minister Bhupendra Yadav has approved four ad-hoc board-level committees to oversee the functioning of various aspects of the Employees' Provident Fund Organization (EPFO), including IT, communications and pensions.
• The committee headed by  Labour Secretary “Sunil Barthwal”:
  • Committee on ‘pension reforms’  and 
  • Committee on ‘IT and Communications’
• The committee headed by Minister of State for Labour and Employment Rameswar Teli.
  • Committee on ‘EPFO’s internal human resources and establishment matters’ and
  • Committee on ‘finding ways to enhance EPFO’s coverage and reducing related litigation’.

EPFO

Employees Provident Fund Organisation  is a statutory organisation  set up under the Union  ministry of Labour and Employment was set up in 1951 by an Ordordinance issued by the President . Later Parliament passed Employees’ Provident Funds Scheme, act 1952.  It is the country’s largest social security ororganisation.

Function of EPFO

• EPFO assists the Central Board of Trustees (EPF) in the administration of a provident fund scheme, pension scheme and an insurance scheme for the registered establishments in India 

The Central Board of Trustees (EPF) operates 3 schemes.

The Employees’ Provident Funds Scheme, 1952 (EPF)

The Employees’ Pension Scheme, 1995 (EPS)

The Employees’ Deposit Linked Insurance Scheme, 1976 (EDLI)

• EPFO is also the nodal agency for implementing Bilateral Social Security Agreements with other countries.