Sunday, October 19, 2025
spot_img

Government forms four panels to look into EPFO functioning

spot_img
- Advertisement -

According to The Hindu report, the Government of India has formed four ad-hoc board-level committees to look into the EPFO functioning for its different aspects, including IT, communications, and pension.

Bhupender Yadav, Union Cabinet Minister of Labour and Employment, Environment, Forest and Climate Change in the Government of India who chairs the Central Board of Trustees of the EPFO that manages about Rs. 15 lakh crore of retirement savings, has approved the formation of these panels.

All the committees, notified on November 27, have been granted tenure of three months.

Sunil Barthwal, Labour Secretary has been tasked with steering two of the committees — on ‘pension reforms’ and ‘IT and Communications’.

Labour Secretary was in charge of the EPFO as the Central PF Commissioner (CPFC) till late September.

As per its terms of reference, the eight-member panel on pension reforms had been told to submit a report advising ‘on matters relating to pension reforms for universalisation of social security’.

The EPS is the pension scheme administered by the EPFO, where a part of monthly EPF contributions deducted from employees’ salaries is diverted.

The Pension and EDLI (Employees’ Deposit Linked Insurance) Implementation Committee is usually headed by the CPFC.

The ad-hoc committee on IT and Communications has 10 members, including three representatives each from employers and employee unions.

The panel has been asked to suggest ‘IT measures to improve service delivery’ for EPFO members, build capacity of EPFO’s IT personnel and ‘effective media and communication with stakeholders’.

Minister of State for Labour and Employment Rameswar Teli has been appointed as chair of the two other committees.

One of them pertains to EPFO’s internal human resources and establishment matters while the other is tasked with finding ways to enhance EPFO’s coverage and reducing related litigation.

The proceedings of the human resources committee will also be closely watched after the hasty appointments and transfers for almost 120 senior officials in July.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Tim Ringo on Employee Performance & Productivity Challenges in 2022

Tim Ringo on Employee Performance & Productivity Challenges in...

Netflix Co-CEO Ted Sarandos Addresses Culture Shift Concerns

Netflix, the global streaming giant, has been at the...

Google Cloud launches new product ‘Google Workspace’

Google Cloud launches new product 'Google Workspace' Google Cloud announced Google...

Alibaba e-commerce arm to hire 2,000 graduates 

A Chinese multinational technology company, Alibaba Group Holding’s e-commerce...

NTT Data Hiring in India: 500+ Job Opportunities Available

NTT Data, a global leader in IT services and...

Accenture in India tweaks its leave policy

An Irish-American professional services company, Accenture has revised its leave...

IICA & SCPWD sign MoU for Job Coach for Inclusivity Programmes

A Memorandum of Understanding (MoU) was signed between the...

ISRO is inviting applications for Internship, Apply

The national space agency of India, the Indian Space...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/