The Employees Provident Fund Organisation (EPFO) admits Air India in its fold for the provision of benefits of Social Security coverage of its employees.
In effect, this would enable Air India to avail the service of the Social Security needs of their employees.
Air India Ltd applied for inclusion in the scheme under EPF & MP Act 1952, which has been upheld by EPFO with effect from December 1, 2021.
The social security benefits will be provided to around 7,453 employees for whom contributions have been filed by Air India with EPFO for the month of December 2021.
In the new dispensation, these employees of Air India will receive an extra 2 per cent employer’s contributions in their Provident Fund Accounts at 12 per cent of their wages.
