Employees Provident Fund Organisation EPFO to liquidate Rs 3,150 cr arrears

In what could help the retirement fund manager improve its performance,the Employees Provident Fund Organisation is set to start work on liquidation of arrears amounting to Rs 3,150 crore.

The move is a part of thorough revamp of the EPFOs operations with a crucial meeting early next month to review the performance of its various divisions. Liquidating arrears,increasing focus on compliance,processing all pending exemption proposals and updation of members accounts are some of the key items on the agenda of the meeting that has been called by Central PF Commissioner KK Jalan.

The Central Provident Fund Commissioner has decided to have a comprehensive review of performance of the zones in all functional areas on September 6, according to an internal missive of the EPFO.