Coal_Mines_Provident_Fund_Organisation

Coal Mines Provident Fund Organisation

Coal Mines Provident Fund Organisation

Indian government agency


Coal Mines Provident Fund Organisation (CMPF) is an agency of the Indian government established in 1948 under The Coal Mines Provident Fund and Miscellaneous Provisions Act 1948.[1] It serves as the official pension fund of coal miners and is financed by coal producers on a per-tonne basis.[2] The fund pays the pensions of about 500,000 former coal miners, and has been considered financially precarious since 2017. [3]

Quick Facts Agency overview, Jurisdiction ...

References

  1. "Coal Mines Provident Fund Organisation". cmpfo.gov.in. Archived from the original on 28 April 2015. Retrieved 27 September 2015.
  2. Sengupta, Debjoy (9 May 2020). "CIL board to take up PF contribution plan". The Economic Times. Retrieved 20 May 2020.
  3. Sengupta, Debjoy (7 May 2020). "EPFO, CMPFO merger on cards". The Economic Times. Retrieved 20 May 2020.



Share this article:

This article uses material from the Wikipedia article Coal_Mines_Provident_Fund_Organisation, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.