EPFO's trustees to meet on Nov 11

Retirement fund body EPFO's apex decision making body the Central Board of Trustees' (CBT) will meet next month on November 11 to discuss and approve audit as well as annual report for 2013-14.
Besides the trustees body headed by the Labour Minister will also review the Employees' Provident Fund Organisation's (EPFO) ambitious Universal Account Number (UAN) project under which a portable permanent PF account number is being provided to over four crore subscribers of the social security scheme.
"...205th Meeting of the Central Board of Trustees (EPF) has been scheduled to be held on November 11," an office order said.

An EPFO's senior official said that the meeting is being called for discussing and approving the audit and annual report of the body for the previous fiscal.
As per the practice, the EPFO trustees have to approved the audit and annual report every year before December 10 for tabling the documents in the Parliament during Winter Session.
According to the official, the trustees would also review the EPFO ambitious UAN project.
Prime Minister Narendra Modi is likely to launch the UAN members' portal on October 16, which would facilitate over four crore EPFO members' to access their accounts online in real time basis.

As the UAN will be a portable account, the formal sector workers would not have to apply for transfer of PF accounts on changing jobs. Thus the UAN will be a permanent and portable account number for lifetime of the members.