PDUNASS Inaugurates Joint EPFO–ITC-ILO Training Programme on “Actuarial Practices in Social Security: Strengthening Actuarial Governance at EPFO India”
Read or download the official PDF of this gazette notification issued by the Ministry of Labour and Employment on 11th August 2026. Classified under Press Release.
Executive Summary
The Pandit Deendayal Upadhyaya National Academy of Social Security (PDUNASS) inaugurated a specialized training programme on "Actuarial Practices in Social Security" on August 10, 2026, in New Delhi. This initiative, a collaboration between EPFO and the International Training Centre of the ILO (ITC-ILO), includes a residential phase from August 10–12, 2026, following a multi-month online module. The program aims to strengthen in-house actuarial governance to ensure the financial sustainability of social security schemes.
Key Points / Main Content
Programme Overview and Structure
Blended Learning: The training consists of an online module (May 25 to August 9, 2026) followed by a three-day intensive residential phase (August 10–12, 2026).
Collaborative Effort: Organized jointly by the Employees’ Provident Fund Organisation (EPFO) and the ITC-ILO to bring international benchmarking to Indian social security officers.
Curriculum Focus
Actuarial Methods: Training covers advanced actuarial valuation methods.
Financial Management: Includes Asset-Liability Management (ALM) to ensure institutional stability.
Governance Standards: Focuses on global best governance practices specifically tailored for social security institutions.
Strategic Objectives
Regulatory Alignment: Aims to align the EPF, EPS, and EDLI schemes with the requirements of the Code on Social Security, 2020.
Capacity Building: Seeks to transition actuarial work from a routine task to a strategic governance function.
Sustainability: Focuses on ensuring the long-term financial health of social security systems through evidence-based decision-making.
Impact Analysis
EPFO Leadership and Operational OfficersImpact: Senior leadership (FA & CAO, ACCs) and operational officers (RPFCs, SOs, ASOs) gain specialized technical knowledge in actuarial practices.
Action Required: Officers must apply these practices to foster an evidence-based culture and use actuarial data to make strategic decisions regarding retirement savings and pensions.
EPFO (as an Institution)Impact: The organization strengthens its in-house capacity to manage its growing size and responsibility as a custodian of worker savings.
Action Required: Implement the benchmarked learning to align internal schemes with the Code on Social Security, 2020.
Employees' State Insurance Corporation (ESIC)Impact: Representatives from ESIC participated in the session, promoting inter-departmental knowledge sharing on social protection.
Action Required: Integrate the shared actuarial governance insights into ESIC’s operational framework where applicable.
ITC-ILO and ILOImpact: Demonstrates their commitment to strengthening social protection systems across South Asia through strategic partnerships.
Action Required: Continue providing technical expertise and faculty support to maintain international standards in training.
Key Entities Referenced
Code on Social Security, 2020: The overarching legal framework with which the EPF, EPS, and EDLI schemes are being aligned, necessitating the strengthening of actuarial governance.
Employees’ Provident Fund Organisation (EPFO): The primary statutory body and social security institution in India seeking to build in-house actuarial capacity to manage retirement savings and pensions.
International Training Centre of the International Labour Organization (ITC-ILO): The international training arm providing technical expertise and globally benchmarked learning modules for social security administration.
Pandit Deendayal Upadhyaya National Academy of Social Security (PDUNASS): The apex training and research institute of the EPFO responsible for conducting specialized capacity-building programs for social security officers.
Ministry of Labour & Employment
PDUNASS Inaugurates Joint EPFO–ITC-ILO
Training Programme on “Actuarial Practices in
Social Security: Strengthening Actuarial
Governance at EPFO India”
प्रव तथ: 11 AUG 2026 4:17PM by PIB Delhi
The Pandit Deendayal Upadhyaya National Academy of Social Security (PDUNASS)
inaugurated the residential phase of a specialized training programme titled “Actuarial Practices
in Social Security: Strengthening Actuarial Governance at EPFO India” on 10th August in New
Delhi.
Organized jointly by the Employees’ Provident Fund Organisation (EPFO) and the International
Training Centre of the International Labour Organization (ITC-ILO), the three-day residential
phase (10–12 August 2026) follows a comprehensive online module conducted via the ITC-ILO
e-Campus from 25 May to 9 August 2026.
Welcoming the Chief Guest and the ILO/ITC-ILO delegation, Shri Kumar Rohit, Director,
PDUNASS, noted that the initiative aligns with PDUNASS’s mandate as EPFO’s apex training
institute to bring internationally benchmarked learning to its officers. Expressing gratitude for
the strategic partnership, he remarked:"With the EPF, EPS, and EDLI schemes aligning with the
Code on Social Security, 2020, strengthening in-house actuarial capacity is both timely and
essential."Mr. Oktavianto Pasaribu, Deputy Director and Senior Advisor for Regional Partnership and
Resource Mobilization, ILO, highlighted that the collaboration reflects the ILO’s commitment to
strengthening social protection systems across South Asia. He emphasized that sound
actuarial governance is central to the financial sustainability of social security institutions and
commended EPFO’s proactive approach to building in-house capacity.
Presenting an overview of the curriculum, Mr. Charles Crevier, ITC-ILO Faculty, outlined the
blended structure of the programme and the key residential themes, which include:
Actuarial valuation methods
Asset-Liability Management (ALM)
Global best governance practices in social security institutions
Delivering the keynote address and formally declaring the programme inaugurated, Shri
Ramesh Krishnamurthi, Central Provident Fund Commissioner (CPFC), observed that as
custodian of retirement savings, pensions, and insurance for crores of workers, every actuarial
decision at EPFO impacts the financial security of millions. He urged officers to elevate actuarial
work into a strategic governance function and foster an evidence-based culture across
EPFO."As EPFO continues to grow in size and responsibility, strengthening our actuarial
capacity becomes increasingly important to strengthen governance and prepare better for
future challenges." Said Shri Ramesh Krishnamurthi, CPFC.
The inaugural session and residential phase were attended by senior leadership and operational
officers, including:
Financial Adviser & Chief Accounts Officer (FA & CAO), ACCs, RPFC-Is, RPFC-IIs, SOs,
and ASOs from EPFO
Representatives and officials from ESIC
Other prominent experts present included Mr. Amjad Rabi (ITC-ILO Faculty), Ms. Divya
Verma (Senior Programme Officer, ILO), and Mr. Karun Gopinath (National Project
Coordinator, ILO).About PDUNASS
The Pandit Deendayal Upadhyaya National Academy of Social Security (PDUNASS) is the apex
training and research institute of the Employees’ Provident Fund Organisation (EPFO),
functioning under the Ministry of Labour & Employment, Government of India. Established in
1990, PDUNASS is dedicated to training, research, and consultancy in social security
administration.
About ITC-ILO
The International Training Centre of the International Labour Organization (ITC-ILO), based in
Turin, Italy, is the training arm of the ILO. It designs and delivers capacity-building programmes
for ILO constituents worldwide—including governments, employers’ and workers’ organisations
—in areas central to promoting decent work, social protection, and social security governance.
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