EPFO: Central Board of Trustees rejects proposal to reduce PF contribution to 10%
The Central Board of Trustees (CBT), a retirement fund body of EPFO, has turned down the proposal to reduce the mandatory provident fund (PF) contributions from workers and employers from present 12% to 10% in a meeting held in Pune on Saturday.
"The employer, employees and the government representatives expressed their reservations about it and they feel that it should be continued at 12%...,"Labour Secretary M Sathiyavathy said. Representational Image. Image Source: ZeeBiz WebDesk