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Seafarers on Indian, foreign ships to get PF, gratuity and pension benefits
January 12, 2021
SPFO to submit to govt modalities of the plan that will benefit 4-lakh seamen
Some four lakh Indian seafarers of all ranks working on board Indian and foreign flagged ships moved a step closer to getting provident fund, gratuity and pension benefits after their long-pending demand was accorded “in-principle” approval.
The Board of Trustees of the Seamens’ Provident Fund Organisation (SPFO), headed by Amitabh Kumar, Director-General of Shipping, backed the demand at a meeting on Monday.
“An in-principle decision has been taken by the SPFO Board of Trustees to extend these benefits to all seafarers working on Indian and foreign flagged ships,” Amitabh Kumar, who chaired the meeting, told BusinessLine. “With the in-principle approval, the SPFO will now work out the modalities, take approval from the Board of Trustees and make a recommendation to the government. The final de