The central board of trustees of the Employees' Provident Fund Organisation (EPFO) will hold its first meeting of the current financial year on November 23 to give its go ahead to the central pension payment system approved by the government, before it is rolled out on January 1, people in the know told.
"The central board of trustees (CBT) is also expected to approve the account statement and the Annual Report 2023-24 of the EPFO," one of the people said.
The EPFO has not circulated the agenda of the meeting to its board members till press time Wednesday. The board of trustees is the highest decision-making body of the EPFO and is chaired by the labour minister.
The last meeting of the CBT was held in February in which the board approved the employee provident fund interest rate at 8.25% for 2023-24 for over 70 million subscribers.
The EPFO is also expected to apprise the board of the development on the software update or EPFO 2.0, which has enhanced the speed of the unified EPFO portal by 30% and is expected to improve further with the ongoing hardware upgrade, the people said.
🕑 02 Jul, 2025 10:03 AM
Commutation Relief In Sight? Panel Likely To Review 15-Year Deduction Rule
🕑 12 Jun, 2025 08:12 AM
8th Pay Commission: Uncertainty Looms as Employees Await Terms of Reference
🕑 24 Apr, 2025 10:21 PM
Staff Side constitutes panel for drafting memorandum to 8th CPC when formed
🕑 24 Apr, 2025 10:17 PM
8th Pay Commission likely to be set up by mid May
🕑 09 Apr, 2025 10:27 AM
Loan EMIs to get Cheaper as RBI cuts Repo Rate sgain | See the benefit
🕑 04 Apr, 2025 04:49 PM
AICPI-IW declines again, may affect DA hike in July 2025
🕑 02 Apr, 2025 08:27 AM
8th Pay Commission update: Standing Committee of NC-JCM to meet on April 23
🕑 09 Jun, 2025 08:25 AM
📢 UPS vs NPS: The Retirement Dilemma Facing 27 Lakh Government Employees
🕑 04 Apr, 2025 04:46 PM
NPS To UPS Switch from April 1: A Detailed Look at the Option to Switch
🕑 30 Mar, 2025 11:01 AM
8th Pay Commission implementation may get delayed till 2027 – Here’s why
🕑 27 Mar, 2025 10:25 PM
7th CPC wanted a permanent pay panel, end DA revision twice
🕑 27 Mar, 2025 08:43 AM
8th Pay Commission: What Kind Of Salary Hike Can Be Staff Expected?
🕑 20 Mar, 2025 08:24 AM
Why the commuted pension is restored after 15 years, not 12 years
🕑 17 Mar, 2025 08:37 AM
📈 Expected Dearness Allowance (DA) from January 2026 Calculator
