However, the EPFO's income projection, payment of 8.8 percent rate of interest can be provided for current fiscal as it would a surplus of 77.15 crore.

But since the income projection of Rs 29,136.42 crore for current fiscal was done without factoring in interest payment burden due to enhanced wage ceiling, EPFO suggested to fix 8.7 percent rate of return on PF deposits for 2014-15.

The EPFO had provided 8.75 percent rate of interest on PF deposits for 2013-14, which was higher than 8.5 percent paid for the previous fiscal.

The agenda note also said that the damages recovery drive is likely to yield additional Rs 200 crore in the current financial year.

EPFO pointed out that an additional 0.05 percent can be provided for every Rs 165 crore collected as damages from firms that did not complied with the rules.

Another agenda item for the CBT meeting pertains to allowing EPFO to invest up to 15 percent of its huge corpus of around Rs 6 lakh crore into equity linked schemes of mutual funds, exchange traded funds and index funds.

"As investment in stocks is speculative and risky, we will oppose it. We have done it in the past also," Hind Mazdoor Sabha Secretary and an EPFO trustee A D Nagpal said.