Ministry of Labour & Employment, Government of India
EPFO is one of the World's largest Social Security
Organisations in terms of clientele and the volume of financial
transactions undertaken. At present it maintains 27.74 crore
accounts (Annual Report 2021-22) pertaining to its members.
The Employees' Provident Fund came into existence with the
promulgation of the Employees' Provident
Funds Ordinance on the 15th November, 1951. It was replaced by the
Employees' Provident Funds Act, 1952. The Employees'
Provident Funds Bill was introduced in the Parliament as Bill
Number 15 of the year 1952 as a Bill to provide for the institution
of provident funds for employees in factories and other
establishments. The Act is now referred as the Employees' Provident
Funds & Miscellaneous Provisions Act, 1952 which extends to
the whole of India. The Act and Schemes framed there under are
administered by a tri-partite Board known as the Central Board of
Trustees, Employees' Provident Fund,consisting of representatives
of Government (Both Central and State), Employers, and Employees.
The Central Board of Trustees
administers a contributory provident fund, pension scheme and an
insurance scheme for the workforce engaged in the organized sector
in India. The Board is assisted by the Employees? PF Organization
(EPFO), consisting of offices at 138 locations across the country.
The Organization has a well equipped training set up where officers
and employees of the Organization as well as Representatives of the
Employers and Employees attend sessions for trainings and
seminars.The EPFO is under the administrative control of Ministry
of Labour and Employment, Government of India (click here 14-07-2015) EPFO Organisation
Structure (Annual Report 2021-22)
The Board operates three schemes - EPF Scheme 1952, Pension
Scheme 1995 (EPS) and Insurance Scheme 1976 (EDLI).
Employee's Provident Fund Organisation(EPFO).
EPFO HEAD OFFICE
Bhavishya Nidhi Bhawan,
New Delhi - 110 066.
Updated By : 22-11-2022 2:46
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