Ad-hoc panel backs raising the wage ceiling under EPFO to Rs 21,000: Report

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme

The proposed increase in wage ceiling under the Employees' Provident Fund Organisation (EPFO) to Rs 21,000 a month has been backed by an ad-hoc committee, which has said the government can implement the increase from a later date after deliberations, according to a media report on Monday.

The proposal, if accepted by the central board of the trustees of EPFO, will give a breather to the employers who are reluctant to immediately take on any additional financial burden.

The EPFO is committed to extending social security benefits in the form of Provident, Pension and Insurance Funds to the organised workforce