What EPFO 3.0 proposes: Pension cover for all, social security for gig workers
The Employees’ Provident Fund Organisation (EPFO) plans to introduce universal pension coverage for all workers and social security contributions for unorganised sector workers, including gig workers, as part of its EPFO 3.0 reforms. This initiative aims to cover over 60 crore workers, enhancing access to funds and streamlining claims through a revamped tech platform. The reforms also include options for annuity or systematic withdrawal plans, reflecting a significant shift in India's social security landscape.