EPFO postpones trustees meeting scheduled for November 11

During the next meeting, date for which is yet to be announced, the trustees will review the EPFO’s ambitious Universal Account Number project.

November 04, 2014 04:10 pm | Updated November 16, 2021 07:08 pm IST - New Delhi

This November 4, 2014 screenshot shows the UAN service portal on the EPFO site.

This November 4, 2014 screenshot shows the UAN service portal on the EPFO site.

Retirement fund manager EPFO has postponed the November 11, 2014 meeting of its apex decision making body, the Central Board of Trustees, which was scheduled to discuss and approve audit as well as annual report for 2013-14.

“The 205th meeting of the CBT scheduled to be held on November 11 has been postponed. The next date of meeting shall be informed shortly,” said a circular of the Employees’ Provident Fund Organisation.

During the next meeting, the trustees body headed by the Union Labour Minister will also review the EPFO’s ambitious Universal Account Number project under which a portable permanent PF account number is being provided to about 5 crore subscribers of the social security scheme.

Besides, the CBT may deliberate on tweaking its investment norm to improve the returns on the provident fund deposits by its subscribers.

A senior EPFO official said the meeting is being called mainly for discussing and approving the audit and annual report of the body for the previous fiscal.

As per the practice, the EPFO trustees have to approve the audit and annual report every year before December 10 for tabling the documents in the Parliament during Winter Session.

According to the official, the trustees would also review the UAN project and may tweak investment norms to improve its returns.

The UAN will be a permanent and portable account number for lifetime of the members. After getting the UAN, the formal sector workers would not have to apply for the transfer of PF accounts on changing jobs.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.