New Delhi, July 2 -- The government has announced a major overhaul of the Employees' Provident Fund Organisation (EPFO) system, bringing in a digital-first framework aimed at making retirement-related services faster, simpler, and more transparent for millions of employees.

The revamp comes with the notification of three new social security schemes for 2026 under the Code on Social Security. The move is expected to improve service delivery while reducing paperwork and delays in claims processing, according to a PTI report.

The government has introduced three updated schemes:

Employees' Provident Funds Scheme 2026

Employees' Pension Scheme 2026

Employees' Deposit-Linked Insurance Scheme 2026

These new schemes replace older rules that...