Pension: Enhancement of EPF pension
Enhancement of EPF pension
GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
RAJYA SABHA
UNSTARRED QUESTION NO-401
ANSWERED ON-27.02.2013
Enhancement of EPF pension
401 . SHRI SYED AZEEZ PASHA
(a)whether there is a proposal to provide fixed minimum pension to all the employees who are covered under Employees” Provident Fund Organisation (EPFO);
(b)if so, the details thereof alongwith the minimum amount Government is planning to give to the pensioners;
(c)whether Government has decided to revise the existing scheme in view of demand of workers for a reasonable hike in their EPF pension;
(d)if so, by when the enhanced pension is likely to be disbursed; and
(e)the number of employees who are getting pension benefits from EPFO at present?
ANSWER
(SHRI KODIKUNNIL SURESH)
(a) to (d): A proposal to enhance minimum pension to Rs.1,000/- per month under Employees’ Pension Scheme, 1995 is under consideration of the Government. However, no time frame for implementation of the proposal can be given.
(e): At present, 41 lakh pensioners are getting pension benefits from EPFO.
Source- Rajya sabha
Govt says employees are the back bone of the nation, but under EPF pension scheme they are getting very poor amount as pension.Is it a social justice?
FOR QUITE SOME MONTHS/YEARS IT HAS BEEN GATHERED THAT MINIMUM EPF MONTHLY PENSION IS LIKELY TO BE ENHANCED FOR EPF PENSIONERS. WHEN THE ENHANCEMENT IS TO EFFECTED WITH MIMI UM MONTHLY PENSION IS GOING TO BE ENHANCED. EAGERLY WAITING REGARDING THE NEW MINIMUM SCALE TO TO BE GRANTED.