Best ESI PF Consultant in Ahmedabad India by Pro Legal HR Compliance Consulting. EPFO's organizational structure The Central body of Trustees (EPF), a tripartite body, is responsible for overseeing the Act and all of its programs. Employers, employees, and representatives of the Central and State governments make up the board. The Indian government's Ministry of Labor and Employment serves as the board's chair. Three programs are run by the Central Board of Trustees (EPF).
Employee Provident Funds Scheme (EPF) established in 1952
The 1995 Employees' Pension Plan (EPS)
The Employees' Deposit Linked Insurance Plan (EDLI), established in 1976
The Ministry of Labor and Employment, Government of India, has administrative authority over the EPFO, an organization created to support the Central Board of Trustees (EPF).
EPFO's functions
For registered establishments in India, which includes covered employees as well as foreign workers, EPFO provides administrative support to the Central Board of Trustees (EPF) in managing provident fund, pension, and insurance schemes.
The operations of EPFO comprise
nationwide application of the Act.
Upkeep of personal accounts
Resolution of disputes
financial investment
Making sure pension payments arrive on time
updating documentation
Additionally, EPFO serves as the coordinating body for the execution of bilateral social security agreements with foreign nations. In addition, it is among the biggest social security agencies in India in terms of the number of financial transactions conducted as well as the beneficiary base.
Best ESI PF Consultant in Ahmedabad India by Pro Legal HR Compliance Consulting. The Central Board of Trustees is the highest decision-making body within the EPFO. Through the use of IT-enabled tools and procedures, EPFO has been implementing a number of initiatives aimed at streamlining the EPF account process for both employers and employees. EPFO has recently launched a number of digital initiatives.
In general, the EPFO serves as both a service provider for the members of the covered beneficiaries, or covered beneficiaries, and an administrator and supervisor of the Act's execution. Online services and information are accessible via the EPFO website.Â