EPFO coverage for Indians working abroad too: CPFC

Indians working abroad can now exempt themselves from their host country’s social security scheme and get covered by retirement fund body EPFO, Central Provident Fund Commissioner (CPFC) V.P Joy said.

An online facility to avail the benefit has been made functional, he said at a national seminar on ‘Fraud Risk Management-The New Initiatives’ in New Delhi.

The scheme allows Indian employees the option of not being part of their host country’s social security scheme and saves employers from double social security contributions.

The Employees’ Provident Fund Organisation, which manages the money in employees provident fund accounts, has entered into an agreement with 18 countries.

“We have made the whole process employee friendly. Employees going abroad to work can get a certificate of coverage (CoC). They can apply for the CoC online and can get it too,” he told.

(Agencies)

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