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.
🕑 25 Mar, 2025 08:02 AM
Govt fixes interest for purchase of Computer during 2025-26 at 9.1%
🕑 20 Mar, 2025 08:17 AM
Lok Sabha Q&A: On objectives of Unified Pension Scheme (UPS)
🕑 18 Mar, 2025 08:16 AM
Lok Sabha Q&A: Constitution of 8th Central Pay Commission
🕑 28 Feb, 2025 10:20 PM
Why no increase in pension rate was recommended by 7th CPC
🕑 26 Feb, 2025 10:54 AM
Special incentives for Central employees in Kashmir extended for 3 years
🕑 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
🕑 05 Mar, 2025 09:27 PM
8th CPC to reduce number of allowances applicable to employees, pensioners?
🕑 02 Mar, 2025 08:13 PM
8th Central Pay Commission: Speculations and Lessons from the Past
🕑 02 Mar, 2025 07:15 PM
Explained: Fitment Factor of 2.57 Or Higher justified by NC-JCM Secretary
🕑 13 Feb, 2025 09:43 AM
Frequently Asked Questions (FAQs) on the Unified Pension Scheme (UPS)
🕑 12 Feb, 2025 05:24 PM
10 takeaways in new Income Tax Bill for taxpayers
🕑 07 Feb, 2025 10:08 AM
After Income Tax cut, 8th CPC approval, Loans becoming cheaper
🕑 06 Feb, 2025 11:02 AM
8th CPC: A look at the HRA recommendations of the 7th Pay Commission
