EPFO Pension Update): Employees’ Provident Fund Organization’s customers are going to get a big benefit! For which preparations are being made by the government for the customers of EPFO. According to a report it is being believed! The minimum pension can be increased! There has been a discussion about this for a long time! In such a situation,
it is being told that the employees can get benefit from the increase in minimum pension. That the minimum monthly pension can be increased from Rs. 1 thousand to Rs. 9,000 by the government, for this pensioners have been demanding this for a long time!
EPFO Pension Update)
In this, regarding the increase in minimum monthly pension for EPFO (Employees’ Provident Fund Organisation) employees, the Autonomous Body i.e. Employees’ Provident Fund Organization is yet to decide on this matter.
According to information received from sources in this regard, an important meeting of the Ministry of Labor is going to be held in the month of February. In which a decision is expected to be taken keeping in mind the recommendations of the Standing Committee of the Parliament.
If you are currently an employee of the Employees Provident Fund Organization, then what information has been given by the government regarding the increase in pension for the customers of EPFO, let us know the complete information related to it! EPFO Pension Update
Will be discussed in the meeting of the Ministry of Labor
In the meeting of the Ministry of Labor to be held in the month of February, two important issues can be discussed regarding the increase in pension of EPFO (Employees’ Provident Fund Organisation) employees. Before this, a decision can be taken on the implementation of the new wage code.
After this, the second important issue is the minimum pension. On which it is expected to be agreed. It is expected that a decision can be taken on the minimum pension (Pension) received in the long-running Employees’ Pension Scheme!
Let us tell you that the demand for increasing the minimum pension for retired employees from Rs 1000 is being made continuously. Due to which now the minimum monthly pension of pension can be increased from Rs.1000 to Rs.9,000.
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Recommendation was made in March 2021: EPFO Pension (Update)
It is expected to be discussed under the chairmanship of Labor Minister Bhupendra Yadav regarding the minimum monthly pension. In March 2021, the Standing Committee in Parliament had recommended increasing the amount of minimum pension from Rs.1000 to Rs.3000. Although EPFO EPFO (Employees’ Provident Fund Organisation) pensioners demand that the pension amount is very less! For which he has been demanding to increase it for a long time. For this, he wants to increase the minimum monthly pension to at least Rs.9000. Due to which the EPS-95 pensioner will be benefited in true sense.
What is Employees’ Pension Scheme 95?
Employee Pension Scheme Employees Pension Scheme-1995 is for all subscribers on getting Employees’ Provident Fund Organization (EPFO)! Under which people working in organized sectors get pension after the age of 58. To take advantage of the scheme, it is mandatory for the employees to have at least 10 years of service. In this, employees contribute 12 percent of their salary to EPF. The same amount is also given by the company. A part of the company’s contribution is deposited in EPS.
Employees’ Provident Fund Organization
A minimum pension of Rs 1000 is given under the Employees’ Pension Scheme! Along with this, widow pension, children’s pension (Pension) facility is available, if an employee dies before 58 years during his job, then his wife and child are given pension facility! The new EPFO (Employees’ Provident Fund Organisation) update issued by the government regarding the increase of Rs 1 thousand in the minimum monthly pension of Employees’ Provident Fund Organization employees will be provided to you soon!