NEW DELHI, May 20: Retirement fund body EPFO has recorded a net addition of 14.41 lakh members in March this year, according to the latest payroll data released on Monday.
The payroll data highlighted that approximately 11.80 lakh members exited and subsequently rejoined the EPFO (Employees’ Provident Fund Organisation), a labour ministry statement said.
According to the statement, these members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, safeguarding long-term financial well-being and extending their social security protection. (PTI)
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