COAL MINERS PROVIDENT FUND ORGANISATION

COAL MINERS PROVIDENT
FUND ORGANISATION

The Coal Miners Provident Fund Organisation (CMPFO) is an autonomous body set up under the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948. The organisation administers the Coal Mines Provident Fund Scheme, 1948, Coal Mines Family Pension Scheme, 1971 since superseded by a new scheme namely Coal Mines Pension Scheme, 1998 which was brought into force from March 31, 1998 and the Coal Mines Deposit Linked Insurance Scheme, 1976 which are all framed under the aforesaid Act. The fund of the organisation is administered by a tripartite body, called the Board of Trustees, consisting of representatives of the Central Government, State Governments, the employers and the employees. One of the most important landmarks in the history of CMPF Organisation is the introduction of Coal Mines Pension Scheme, 1998 which has come into force from the March 31, 1998. The emblem of CMPFO has a rectangle with colliery machinery, equipment and pot for collecting deposits surrounded by a wreath. This also has its acronym CMPFO written vertically in white lettering.