The retirement fund body EPFO, on Monday, issued the standard operating procedures (SOPs), listing out the valid documents for correction in employees profile while fixing timelines for processing the correction-related applications and allowing subscribers to online monitor their application.
The central board of trustees of EPFO, headed by the labour and employment minister Bhupender Yadav, gave its go ahead to the proposed interest rate at the 235rd board meeting of EPFO on Saturday.
The first round of meetings, held twice with the central provident fund commissioner on November 9 and 14 and with labour minister Bhupender Yadav on Tuesday, saw the tripartite body discussing more than a dozen EPFO staff-related issues as the retirement fund body struggles to resolve administrative, human resources as well as infrastructure challenges, a CBT member of the trade union told ET.
In response to the escalating challenge of delayed recovery of dues from subscribers, the Employees Provident Fund Organisation (EPFO) is set to embark on a special recovery drive spanning three months, starting from December 2023 to February 2024.
The Employees Provident Fund Organisation (EPFO) has issued new standard operating procedure (SOP) via a circular. The new SOP will allow the EPF member to update 11 profile-related parameters.