Trade unions oppose proposal to empower govt to reduce EPF contribution

As many as 10 central trade unions on Tuesday opposed a proposal to empower government to reduce or modify employees' provident fund (EPF) contribution by employers and employees in an amendment bill. The proposed amendment can increase take-home pay of organised sector workers and reduce contributions by employers.

"10 central trade unions have boycotted a meeting called by Labour Ministry to discuss proposed amendments in the Employees' Provident Fund and Miscellaneous Provision Act on September 24.

"Among other amendments, it is proposed to empower central government to modify or reduce the EPF contribution for employees and employers. This would defeat the purpose of social security scheme run Employees Provident Fund Organisation (EPFO)," Hind Mazdoor Sabha General Secretary H S Sidhu told PTI.

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