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EPFO should provide unemployment insurance, gratuity: Par panel

EPFO should provide unemployment insurance, gratuity: Par panel

Tuesday, April 11, 2017, 9:30 PM

A Parliamentary panel has recommended amendments in social security schemes run by retirement fund body EPFO to include unemployment insurance and gratuity benefits. At present, the Employees' Provident Fund Organisation provides retirement fund (EPF), pension and group insurance under its three schemes. These schemes are Employees' Provident Fund Scheme 1952, Employees' Pension Scheme 1995 and Employees Deposit Linked Insurance Scheme 1976.
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