The decision was made at the 229th meeting of the highest decision-making body of the Employee Provident Fund Organization – the Central Board of Trustees (CBT), headed by Union Labor Minister Bhupender Yadav.
During the meeting, it was also decided to set up four subcommittees, made up of members of the employee and employer board, as well as government representatives. The State Minister of Labor and Employment will head two committees on matters related to the establishment and future application of the Social Security Code.
Approval for the development of centralized IT-enabled systems was granted by C-DAC. Post this, field functionalities will be moved into a central database in a staggered manner, allowing for smoother operations and better service delivery, according to the statement. The centralized system will facilitate the deduplication and merging of all FP accounts of any member. It will also eliminate the account transfer requirement in the event of a job change.
With PTI inputs
(Edited by : Anshul)
First published: IST