Increment in Minimum Pension

By | January 18, 2015

 

Chances of Increment in Minimum Pension up to Rs 1000/- per month under EPS 95 Pension Scheme of EPF India!

There is a proposal of increment in minimum pension to Rs. 1000. This proposal is still under consideration of government. If this proposal is passed approx. 28 lakh pensioners will get benefited from it.

Who will get benefit?

According to data on Dec 31st 2012, Approx. 12 lakh beneficiaries get less than Rs.500 per month as pension and moreover approx. 16 lakh beneficiaries get more than Rs.500 and less than Rs.1000 per month. All these pensioners are eagerly waiting for this proposal to be passed.

Ministry of Labour and Employment has raised this proposal to provide minimum Rs.1000 as pension to all EPF India Pensioners and thereby enhancing contribution of government.

There have been many representations regarding the current pension and increase in minimum pension. As a result Government of India constituted an Expert Committee for reviewing the Employees’ Pension Scheme 1995. Pension Implementation Committee (PIC) has recommended a minimum monthly pension of Rs.1000. However this recommendation is still under consideration. You can check your PF Balance here!

 

Category: EPF India Online

About Anu Dey

I am Anu Dey currently in Kolkata. On this site you can find helpful information on The PF Office India, Provident Fund Status, PF Claim Status, EPF Claim Status and How to Check PF Status Online!

2 thoughts on “Increment in Minimum Pension

  1. R.DINAKARAN C/O R.RANGANATHAN

    R.DINAKARAN C/O R.RANGANATHAN PF A/C NO;TN/10771/112 PPO NO;TN/AMB/212321 RECEIPT NO 28084593 PPO ON 20/02/2009 INCREASED EFF AMOUNT RS 1000 NOT RECEIVED, ONLY OLD AMOUNT RS664 IS RECEIVED LAST MONTH ITSELF .PLEASE ARRANGE TO SANCTION THE NEW AMOUNT RS 1000 NEXT MONTH ON WARDS …THANK YOU.

    Reply
    1. Anu Dey Post author

      PPOs are not dealt online. However increased pension with arrears will get credited automatically to your account.

      Reply

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