- To be effected from 1st January, 2025.
With concerted effort, and rigorous follow up, approval has been received from Additional Central Provident Fund Commissioner, New Delhi for merger of Bolani PF Trust with Hindustan Steel Limited Contributory Provident Fund (HSLCPF) of Rourkela Steel Plant with effect from 1st January, 2025. To discuss the comprehensive roadmap for merger of the two trusts, a meeting was held today at ‘Chintan’ Conference Hall of F&A Department which was attended by all the trustees of both the trusts.
Speaking on the occasion, Mr. A K Behuria, ED (F&A) and the Chairman of the HSLCPF Trust emphasised that “We are committed to ensuring that the transition is smooth and beneficial for all our employees. By combining resources, we aim to provide even greater security and growth for our employees’ long-term savings”. He also said that the merger will result in improved financial stability, better returns for PF beneficiaries, and enhanced administrative efficiency.
A comprehensive roadmap for the merger was discussed in detail, focusing on ensuring a seamless transition of operations and adherence to statutory requirements. The meeting also addressed the post-merger arrangements for the employees of Bolani Ore Mines. It was emphasized that the merger would not cause any inconvenience to employees and that their future convenience would remain a priority.
