Number of EPFO subscribers up 7.6% at 73.7 million in 2023-24
The retirement fund body witnessed an increase of 55.4% in realizing arrear dues (Rs 5268 crore vis-a-vis Rs 3390 crore) over the previous year and an increase of 7.8% in the number of claims settled over the previous year at 44.5 million as compared to 41.2 million).
Labour secretary Sumita Dawra-led executive committee of the central board of trustees of EPFO deliberated and approved the draft annual report for 2023-24 at its 109th meeting held on Friday, the ministry of labour and employment said in a statement issued on Sunday.
“The executive committee recommended the report for adoption to the central board,” it said. The central board of trustees (CBT) of EPFO will meet on November 23 to approve the annual report for 2023-24.
Besides, the CBT will also deliberate and approve the audited annual accounts of EPFO for the years 2021-22 and 2022-23, thereby ensuring that the backlog of annual accounts was cleared.
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