https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IAS Sumita Dawra Chairs 109th Meeting of EPFO Executive Committee: Key Reforms and Initiatives Discussed

Sumita Dawra chaired the 109th EPFO Executive Committee meeting, discussing key reforms, annual accounts, the new compassionate appointment policy, and performance growth, recommending adoption of the 2023-24 Annual Report.
Indian Masterminds Stories

1991 Batch IAS officer Sumita Dawra, Secretary of Labour & Employment and Chairperson of the Executive Committee of the Central Board of Trustees (CBT), Employees’ Provident Fund Organization (EPFO), presided over the 109th meeting of the Executive Committee.

The meeting, which took place in the presence of Ramesh Krishnamurthi, the Central PF Commissioner and Member-Secretary, covered a range of critical issues, including reforms within the EPFO, financial accounts, policy decisions, and the 71st Annual Report of the organization.

Key Discussions and Decisions:
1- EPFO Reform Agenda: The Executive Committee discussed the EPFO reform agenda, focusing on enhancing the efficiency of the organization’s processes. The meeting highlighted recent changes to streamline claims processing, with a particular emphasis on relaxing the criteria for auto-settlement of claims, expanding the grounds under which claims can be processed, and improving accessibility for members.

2- Annual Accounts and Financial Oversight: The Audited Annual Accounts for the financial years 2021-22 and 2022-23 were presented for consideration. This marked the clearing of the backlog in the organization’s financial reporting. The Committee emphasized the timely preparation and presentation of the 2023-24 annual accounts. To facilitate this, it was approved that two Chartered Accountant firms will be hired to assist in the preparation of financial statements, bringing in automation and professional expertise to ensure timely and efficient account management.

3- Performance Review and Annual Report: The Annual Report for 2023-24 was reviewed, with the Executive Committee noting the steady growth in key performance metrics. Highlights of the report included:

  • A 6.6% increase in contributing establishments (7.66 lakh from 7.18 lakh).
  • A 7.6% growth in contributing members (7.37 crore from 6.85 crore).
  • A significant 55.4% increase in arrear dues realization (Rs 5268 crore from Rs 3390 crore).
  • A 7.8% rise in the number of claims settled (4.45 crore from 4.13 crore).
  • The Committee recommended the adoption of the report by the Central Board of Trustees.

4- Compassionate Appointment Policy: The Committee also reviewed the draft of the New Compassionate Appointment Policy, 2024, aimed at providing support to the dependents and families of EPFO employees who had passed away, many of whom died during the Covid-19 pandemic. The policy aims to ease the process for dependent family members to secure employment within the organization, offering them much-needed financial and emotional relief.

5- Governance and Administrative Reforms: A significant part of the meeting was dedicated to discussions on improving the governance framework of EPFO. Proposals were made on administrative, financial, and IT-related improvements to ensure better service delivery, enhanced transparency, and overall efficiency within the organization.

6- Streamlining Claims and Member Services: As part of ongoing reforms, the Committee discussed several measures to streamline claims processing and make it easier for EPFO members to claim their dues. Notable among these was the relaxation of the criteria for auto-settlement of claims, which is expected to simplify the process and reduce delays.

Moving Forward:
The discussions and decisions from the 109th meeting of the EPFO Executive Committee reflect the organization’s commitment to improving its operational efficiency, member services, and governance framework. These reforms, along with the adoption of the new compassionate appointment policy and the hiring of professional firms for financial management, are expected to significantly benefit both the employees and the millions of EPFO members across the country.

The EPFO continues to be a cornerstone of India’s social security system, and these reforms underscore the organization’s ongoing efforts to modernize and serve its stakeholders better.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
LCH Prachand helicopter
LCH Prachand Helicopters Deal: Indian Air Force Signed ₹62,700 Crore Deal Marks Atmanirbhar Bharat Milestone
Su-30mki
India & Russia Seal Deal for RVV-BD “Fox-Killer” Missiles to Arm Su-30MKI Fleet
iaf day
Air Force Day 2025: Why India Celebrates IAF on October 8 | History & Significance Since 1932
IAS Officers Indian Administrative Services (IAS)
Retired IAS Officer Manoj Aggarwal Named Chief Mentor for Ahmedabad International Literature Festival
IPS Officer Indian Police Services
IPS Officer Accused of Fund Misuse to Remain in Custody Till Oct 17, ACB Court Rules
Durga Shakti Nagpal
UP Cadre IAS Officer Durga Shakti Nagpal Faces ₹1.63 Cr Penalty Over 'Unauthorised Stay' in Government Bungalow
IAS Officers Indian Administrative Services IAS logo
Retired but Not Forgotten: 2 Ex-HCS Officers Elevated to IAS After Tribunal Order
IPS Y
What Killed an Honest IPS? Y Puran Kumar's 9 Page Suicide Note Unlocks Secrets of Job Stress, Names 3 Top Officials
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
LCH Prachand helicopter
LCH Prachand Helicopters Deal: Indian Air Force Signed ₹62,700 Crore Deal Marks Atmanirbhar Bharat Milestone
Su-30mki
India & Russia Seal Deal for RVV-BD “Fox-Killer” Missiles to Arm Su-30MKI Fleet
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT