EPFO to Hire Retired Officers on Contract to Address Staff Vacancies

The Employees' Provident Fund Organisation (EPFO) plans to hire retired government officers and employees on a contract basis to fill over 4,000 vacancies across various cadres. The initial focus is on the investment division managing a corpus exceeding Rs 28 lakh crore, where retired senior officials from institutions like SBI, RBI, and LIC will serve as independent advisors. This move aims to address staff shortages and expedite recruitment, as filling vacancies through open market hiring is time-consuming.