EPFO will evaluate the course of action in pursuance of the judgment issued by the Karnataka High Court

Recently, the Employees Provident Fund Organization (EPFO) will be actively evaluating the course of action in pursuance of the judgment issued by the Honorable Karnataka High Court.

Key Points

• The judgment issued by the Karnataka High Court pertains to specific provisions for international workers mentioned in Article 83 of the Employees’ Provident Fund Scheme, 1952 of the EPFO and Article 43A of the Employees’ Pension Scheme, 1995, which were held to be inconsistent with Article 14 of the Constitution.
• India currently has social security agreements with 21 countries. These agreements ensure continued social security for the employees of these countries.
• The purpose of the Social Security Agreement is to guarantee uninterrupted social security coverage of employees during international employment.
• These agreements are very important for India in order to promote international mobility and take advantage of the demographic dividend

Employees Provident Fund Organization (EPFO)

• EPFO was established in 1952 under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
• It is a statutory body under the Ministry of Labor and Employment, Government of India.
• Its main objective is to administer social security and welfare schemes for private sector employees.

Main Schemes:

1. Employees’ Provident Fund (EPF): Savings and pension scheme for private sector employees.
2. Employees’ Pension Scheme (EPS): Retirement benefit scheme.
3. Employees’ Accidental Insurance Scheme (EDLI): To provide benefits in case of death/disability.

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