Coal Mines Provident Fund Organisation

Summary

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]

Coal Mines Provident Fund Organisation
Emblem of India.svg
Agency overview
JurisdictionIndiaRepublic of India
HeadquartersOffice of the Coal Mines Provident Fund Commissioner, Police Line, Dhanbad-826001 (Jharkhand)
Agency executive
  • Animesh Bharati, Commissioner
WebsiteOfficial website

ReferencesEdit

  1. ^ "Coal Mines Provident Fund Organisation". cmpfo.gov.in. 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.