- The death of 20 workers in a fire in Goa has thrown the spotlight on major shortcomings of the Employee Provident Fund Organisation
- The EPFO, India’s largest retirement corpus provider, has faltered in keeping track of defaulting employers affecting millions of employees
- Employer arrears shot up sharply to touch Rs 26,000 crore in March 2024, and counting
- The failures reflect on the EPFO’s compliance machinery. The road to the default hell was paved with good ease-of-business intentions
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On 7 December, 25 people lost their lives to a fire accident in a Goa night club. Twenty of them were employees, and for their families, that wasn’t the only tragedy that struck them.
The business, Birch by Romeo Lane, (also called “establishment” in provident-fund parlance) had been defaulting on its contributions to the Employee Provident Fund Organisation (EPFO), failing to pay any dues for its employees.
“Securing the provident fund, pension, and insurance benefits for their families now presents a challenging task for the local EPFO office due to non-compliance by the establishment,” said a
From Mohit of Jharkhand to Manojit Mal of Assam to Dominic of Maharashtra and 17 other employees, the families of these migrant workers will now have to run from pillar to post to get what is rightfully theirs—likely in vain.
The Goa establishment’s default seems to just be the tip of the iceberg.
The incident, stated the letter, exposes “systemic and systematic” compliance failures and reflects very poorly on the EPFO’s current compliance machinery. The implication is that thousands of employers have been defaulting, depriving millions of employees of their EPF dues.
The rot seems deep, even if the data is shallow.
While some regional PF offices sporadically
Between March 2019 and March 2023, the arrears by employers ballooned over 70% to over Rs 15,000 crore (over $1.6 billion). And in the next one year, it had increased another 70% to almost Rs 26,000 crore. Nearly Rs 10,000 crore of that is thanks to about 2,400 employers, each of whom had arrears of Rs 50 lakh or more.
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