Coal Mines Provident Fund Organisation Explained

Agency Name:Coal Mines Provident Fund Organisation
Seal:Emblem_of_India.svg
Jurisdiction:Republic of India
Headquarters:Office of the Coal Mines Provident Fund Commissioner, Police Line, Dhanbad-826001 (Jharkhand)
Region Code:IN
Chief1 Name:Animesh Bharati
Chief1 Position:Commissioner

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]

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Notes and References

  1. Web site: Coal Mines Provident Fund Organisation. cmpfo.gov.in. 27 September 2015. 28 April 2015. https://web.archive.org/web/20150428061010/http://cmpfo.gov.in/CMPF_Act.html. dead.
  2. News: Sengupta. Debjoy. 2020-05-09. CIL board to take up PF contribution plan. The Economic Times. 2020-05-20.
  3. News: Sengupta. Debjoy. 2020-05-07. EPFO, CMPFO merger on cards. The Economic Times. 2020-05-20.