Employers rise 6.6% to 7.66 lakh, members up 7.6% to 7.37 cr in FY24

The Annual Report for year 2023-24 on the functioning of EPFO was also considered by the Executive Committee

Retirement fund body EPFO has seen a 6.6 percent year-on-year rise in contributing employers to 7.66 lakh while recording 7.6 percent growth in members to 7.37 crore in 2023-24, a labour ministry statement stated.

According to a statement issued on Sunday, the labour secretary and Chairperson of the Executive Committee, Central Board, Employees' Provident Fund Organisation (EPFO), presided over the 109th Meeting of the Executive Committee on November 8, 2024, at EPFO Head Office in the national capital.

This was the first meeting of the Executive Committee after the re-constitution of the panel on September 27, 2024.

The Executive Committee is a statutory panel under the EPF Act 1952, with the mandate of rendering assistance to the Central Board of Trustees, EPFO in the discharge of its functions.