The Employees Provident Fund Organisation (EPFO) has onboarded Air India for social security benefits and has received contributions for 7,453 employees so far, the retirement fund body said on 29 January.
The announcement comes two days after the Tata Group took over the debt-ridden airline from the union government. Air India Ltd had applied for EPFO coverage, which has been allowed, the EPFO said.
“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. These Employees of Air India are entitled to several benefits,” EPFO said.
It said the employees will receive an extra 2% of the employer’s contributions in their EPF at 12% of their wages. Earlier they were covered under the PF Act of 1925, where the contributions to the Provident Fund was at 10% by the employer and 10% by the employee,