New Delhi : The Employees’ Provident Fund Organisation (EPFO) on Tuesday explained that it is “actively assessing the program of action” to be taken in response to the Karnataka High Court judgment on international employees lined underneath its PF and pension schemes.
“The EPFO acknowledges the new judgment issued by the esteemed High Court of Karnataka. The judgment pertains to the specific provisions for Intercontinental Personnel outlined in Paragraph 83 of the Employees’ Provident Fund Plan, 1952 and Paragraph 43A of the Employees’ Pension Plan, 1995, which had been considered to be inconsistent with Post 14 of the Structure. The EPFO is actively analyzing the program of motion in reaction to this judgement,” EPFO claimed in an formal statement.
India presently has social stability agreements with 21 international locations. These agreements guarantee continued social safety protection for employees from these nations on a mutually reciprocal foundation. When citizens from these nations get up employment in just about every other’s territories, their social security coverage stays uninterrupted, EPFO stated.
These agreements intention to ensure the uninterrupted social stability coverage of workforce all through worldwide work. These agreements are quite essential for India for selling International mobility and leverage the demographic dividend. The EPFO serves as the operational agency in India for these social safety agreements, the assertion additional.