Running a big deficit on its pension scheme, the Employees’ Provident Fund Organisation has charted out a plan to track subscribers drawing pension from more than one account in violation of rules. The move assumes importance in the light of the government notifying that it will ensure a minimum monthly pension of R1,000 for EPFO subscribers, which will cost the exchequer an additional R1,217 crore in 2014-15. EPFO commissioner KK Jalan told FE that some subscribers were operating multiple EPF accounts for more than 10 years and drawing pension from more than one account. "It is not permitted under the employees pension scheme (EPS)," he said.

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