NEW DELHI, Sept. 16 -- The Centre is expanding mandatory retirement and social-security coverage to more formal-sector workers, raising the wage ceiling for compulsory Employees' Provident Fund Organisation (EPFO) coverage to Rs.25,000 a month from Rs.15,000.

The move, the first revision of the ceiling in 12 years, is expected to bring more than 5.1 million additional employees under mandatory EPFO coverage. The revised ceiling will take effect from 17 September.

The decision assumes significance as EPFO currently has 79.8 million contributing members across 768,000 establishments, according to the EPFO dashboard.

The decision was announced by Union minister for information and broadcasting Ashwini Vaishnaw while briefing the media on ...