The Employees' Provident Fund Organisation
(EPFO) is the social security body that is responsible for running and supervising the largest mandatory state pension scheme for people in India. The EPFO assists the Central Board in administering a compulsory contributory provident fund, pension and insurance scheme for the workforce engaged in India. It is also the nodal agency for implementing bilateral social security agreements with other countries. These schemes cover Indian workers as well as international workers in countries with which bilateral agreements have been signed. As of May 2021, 18 such agreements are operational. The EPFO's apex decision making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and under the jurisdiction of the Ministry of Labour and Employment. As of 2018, more than ₹
11 lakh crore are under EPFO management.