PF body proposes decreasing administrative charges for employers The central board of trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) will discuss a proposal to decrease the administrative charges for employers in a bid to boost social security coverage for the workers later this month. The EPFO has proposed to decrease the administrative charges to 0.50 per cent from 0.65 per cent of the worker’s monthly income that goes as employer’s share. This is the third year in a row that the EPFO has proposed decreasing the administrative charges for employers. “It is recommended that the administrative charges may further be reduced to 0.50 per cent of pay to ensure that the benefits of efficiency and savings are passed on to employers. The reduced liability on establishment can provide incentive to the employers to extend social security coverage to more employees or workers,” the agenda item of the CBT meeting, to be held on February 21, said. The EPFO meets the e