Employees Provident Fund Organisation (EPFO)

About Employees Provident Fund Organisation (EPFO):

• It was established in 1952. 
• It is under the administrative control of the Union Ministry of Labor and Employment. 
• Mandate: 
  • It is tasked to assist the Central Board of Trustees in implementing the following three schemes for the workforce engaged in the organized sector in India:
    • EPF Scheme 1952;
    • Pension scheme 1995 (EPS); and
    • Insurance scheme (EDLI). 
  • It is also the nodal agency for implementing Bilateral Social Security Agreements with other countries on a reciprocal basis. 
  • In 2014, union government launched Universal Account Number (UAN) for Employees covered by EPFO to enable PF number portability. 

Source : PIB