EPFO onboards Air India, takes into fold 7,453 airline employees for social security benefits
The Hindu
Air India had applied for EPFO coverage, which has been allowed, says the retirement fund body
Retirement fund body Employees' Provident Fund Organisation ( EPFO) has onboarded Air India Ltd for social security benefits like provident fund (PF), pension and insurance and has received contributions for about 7,453 employees for the month of December from the airline, a labour ministry statement said on Saturday.
The Tata Group took over the debt-ridden airline from the Government of India. Air India had applied for EPFO coverage, which has been allowed, the retirement fund body said.
"EPFO onboards Air India for social security coverage to service the social security needs of their employees. Air India Ltd applied for voluntarily covered u/s 1(4) of the EPF & MP Act, 1952 which has been allowed vide gazette notification on January 13, 2022 -- with effect from December 1, 2021," the ministry statement said.