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EPF Pension: No New Plan Considered: Center

New Delhi
EPFO will not be contemplating a brand new pension scheme for these incomes greater than Rs 15,000 a month, Labor Minister Rameshwar Theli informed John Brittas within the Rajya Sabha. As on March 31, the EPFO ​​had a web price of Rs 3930.85 crore with out heirs, the minister mentioned.

The Minister didn’t give a particular reply to the query whether or not the wage cap for becoming a member of the EPF pension scheme can be raised from Rs 15,000 or the minimal pension can be elevated to Rs 10,000. The minister additionally claimed {that a} minimal pension of Rs 1,000 has been supplied since 2014 with funds help.

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