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PF Committee for framing of draft schemes under the social security code 2020


Contents News/Article Date: 2nd June 2023

Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952;            

Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both].

Applicable to which State:  All the States and Establishments to be covered by these Acts 

Type: EPFO, Ministry of Labour & Employment, Order No. committee/SSCode/95074 dated 2nd June 2023 issued by RPFC – 1 Legal

Pertains to: PF registered establishments and members

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And in the current instance: In terms of Section 15 of the Social Security Code 2020(“the Code”), the Central Government, by notification, has to frame the following three Schemes: –

(i) Employees’ Provident Fund Scheme (EPFS)

(ii) Employees’ Pension Scheme (EPS)

(iii) Employees’ Deposit Linked Insurance Scheme (EDLIS)

  1. The draft of the above three Schemes are, therefore, to be prepared and placed before the Government of India (MoL&E), for consideration. Accordingly, the following Committees are constituted for framing of the draft Schemes: –

Subject: Committee for framing of draft schemes under the social security code 2020


Attached is the notification



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