Reported By: | Edited By: DNA Web Crew |Source: DNA webdesk |Updated: Dec 20, 2021, 03: 52 PM IST
The Workers’ Provident Fund Organisation (EPFO) is a a really unparalleled organization for a host of the public and personal sector workers all over India. Now, a a really unparalleled announcement by EPFO is anticipated quickly, which will be significant for all workers in Uttar Pradesh.In conserving with media reports, the EPFO is planning to put into effect 100 p.c Provident Fund (PF) schemes all over the total native our bodies in Uttar Pradesh. This is also priceless for the total workers who work within the public and personal sectors in Uttar Pradesh.A gathering is doubtless to be held on December 22 between the Extra Chief Secretary Labour and EPFO Commissioner of the dwelling to raise a name on this regard. Making a formal policy for the implementation of this decision can even be talked about on the assembly, as per reports.If this decision is implemented in Uttar Pradesh, then the total workers of the public and personal sector will comprise a share of their salary contributed to their PF accounts, which will act as their savings and provide for a retirement conception later in life.Within the first segment of the 100 p.c implementation of PF in Uttar Pradesh, over 1 lakh workers will be ready to raise perfect thing about the PF diagram. If this decision is taken, the PF diagram is doubtless to be prolonged to contract workers, contract workers, municipal companies, municipalities, Nagar panchayats, and others.As of now, there are about 22 lakh EPFO fable holders in Uttar Pradesh nonetheless handiest 12,000 of these are active accounts. All around the assembly on December 22, a name concerning the pension of workers could be doubtless to be taken.PF accounts comprise turn into a mandate in a host of public and personal sector companies throughout India. The important causes why companies promote right here is to make definite that the plan in which forward for the workers is stable and that they’ve substantial quantity of savings for his or her retirement.
