Very good news is coming to pension holders. The minimum pension under EPFO EPS can now be 3000. Till now the minimum pension has been fixed at ₹ 1000 per month. The Board of Trustees of the EPFO had proposed to increase the pension amount last year. The minimum amount of pension received under the Employees Pension Scheme ie EPS can now be increased. Till now the minimum amount of pension received under EPS is ₹ 1000 per month. This amount can be increased to 2000 or ₹ 3000 per month.
The CBT of the Employees Provident Fund Organization EPFO had proposed to increase the amount of pension received under it last year. But it has not been decided yet.
Recently, the Standing Committee of Parliament has directed to take a quick decision in this matter. Because of which the Ministry of Labor is about to start the process of increasing pension. According to sources, increasing the monthly pension of ₹ 1000 to ₹ 3000 will increase the burden on the government significantly. The Finance Ministry will also be consulted before a decision in this matter.
It is noteworthy that a part of the PF deducted from the salary of the employee goes to the pension fund, gets a lump sum upon the retirement of the employee and the monthly pension is determined on the basis of the fund.
Currently the maximum amount of monthly pension under GPF is ₹ 7500. For all the information about the EPS pension scheme, you can subscribe to our website, so that we keep sending you the latest updates.
If you have any kind of problem related to pension, then you must send your comments here so that we can solve your problem. Please visit our website for any other type of pension, Scholarship, Government scheme related information.
1 Comments
sir,
ReplyDeletemy basic salary ia 13300/ & service period 10years sa i m working inOUT sourceing agency , pl let me know whether we will get pension or not... my service period continus 10 year & PF & EPF DEDUCITNG