New Delhi, June 27: Faced with arrears of Rs 1200 crore on account of default, EPFO today announced setting up of a Directorate of Recovery, apart from another Directorate for Audit. EPFO also said it would give 50 lakh social security numbers during this year.
"We have decided to establish Directorate of Recovery and Directorte of Audit and Confidence Validity for expediting the recovery of arrears, of which about 70 per cent were locked in litigation," labour minister Sahib Singh Verma told reporters here.

The proposed Directorate of Recovery would maintain dossiers on large defaulters, apart from tracking delinquency and defaults.

At present, 70 per cent of the estimated PF arrears were locked up in litigation, including in high courts and BIFR courts, Singh said.
However, with the present internal recovery system there was around 800 per cent increase in recovery after 1998 in comparison to before 1990s. Bureau Report