EMPLOYEES’ PROVIDENT FUND APPEALS TO BE DISPOSED OF BY CGIT
Amendments has been carried out in certain Acts related to merger of Tribunals and other Authorities and conditions of service of Chairperson, Members, etc.
In a bid to rationalise tribunals and bring in more uniformity in terms of service and efficiency, the Centre brought the axe down on eight tribunals including EPF Appellate Tribunals. As part of its amendments to the Finance Bill which has now been notified in the Gazette of India vide notification No.1696(E) dated 26.5.2017.
The EPF Appellate Tribunals have been presently functioning at Delhi and Bengaluru. Now the appeals against the orders of the Employees’ Provident Fund Authorities under section 7A and 14B of the EPF&MP Act will be heard by the Central Government Industrial Tribunal which is functioning at 22 places all over India.
EPFO WON’T REDUCE PF CONTRIBUTION TO 10%
The Central Board of Trustees (CBT) of retirement fund body Employees’ Provident Fund Organisation (EPFO) on 27th May, 2017 turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.
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