Half of EPFO board likely to be replaced At least half of the long term representatives on the central board of trustees of the Employees Provident Fund Organisation (EPFO) will make way for new members when the board is reconstituted by the end of this month, marking a shift from the past model that had no cap on tenure. This follows a decision last year that no board member will hold the post for more than two terms. Earlier, members could be re-appointed any number of times. The CBT, the apex decision-making body of the EPFO, is reconstituted every five years. The induction of new members is expected to help the organisation push through the modernisation agenda. The CBT, the apex decision-making body of the EPFO, is reconstituted every five years. The induction of new members is expected to help the organisation push through the modernisation agenda. The CBT comprises 10 members of trade unions or employees’ representatives, 10 members of employers’ representatives, and 20