EPFO 3.0 Current Affairs for UPSC
A complete UPSC revision trail for EPFO 3.0: 2 published analyses, their syllabus connections and closely related themes.
Where this topic fits in the UPSC syllabus
Complete coverage and analysis
Newest first. Open each article for concepts, evidence, Mains questions and related reading.
EPFO 3.0 Explained: Universal Pension Cover and Social Security for Gig Workers
The Employees' Provident Fund Organisation (EPFO) is planning a set of reforms under its EPFO 3.0 phase, including a universal pension cover for all workers, first-time social security contributions for gig and platform workers, and a technology upgrade to a Core Banking Solution (CBS) platform. A key feature is a defined-contribution pension built around a Target Retirement Sum (TRS), aligned with the Code on Social Security, 2020. This article explains what EPFO 3.0 proposes, how the TRS works, how gig workers would be covered, the existing EPFO framework, and the wider social security architecture.
EPFO 3.0 Explained: Why Govt's New Target Retirement Sum Pension Plan Covers Gig and Unorganised Workers
The Government of India is working on a new contributory pension scheme under the EPFO 3.0 reform programme to extend retirement security to unorganised and formal sector workers currently left out of the Employees' Pension Scheme (EPS). The scheme proposes a Target Retirement Sum (TRS) that converts accumulated savings into a pension at age 60, with options of an annuity or a systematic withdrawal plan. This article explains the proposed scheme, the TRS concept, the existing EPFO and EPS-95 framework, the defined contribution model, the Code on Social Security 2020, comparisons with NPS and PM-SYM, the Singapore model, and key data for UPSC Prelims and Mains.
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- Read older coverage to track how the issue, policy and arguments evolved.
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