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EPFO decides to develop system for  auto fund  transfer on  employee job change

Employees' Provident Fund Organisation (EPFO) has approved the development of centralised IT-enabled systems by the Centre for Development of Advanced Computing (C-DAC). This move will allow an employee’s PF account number to remain the same even after they change their jobs. So, after the EPFO decision, PF account holders need worry about the account transfer.

The field functionalities will move on a central database in a phased manner enabling smoother operations and enhanced service delivery. The system will facilitate the de-duplication and merger of all PF accounts of any member, according to press release .

Additionally, EPFO has decided to constitute four sub-committees, comprising members of the board from employees' and employers’ sides as well as representatives of the government.

The committees on establishment related matters and futuristic implementation of the social security code will be headed by the minister of state for labour and employment. The Union labour and employment secretary will head the remaining two on digital capacity building and pension related issues.

The 229th meeting of the Central Board of Trustees (CBT), the apex decision-making body of EPFO, was headed by Minister for Labour and Employment Bhupender Yadav.