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!
In Order to get benefit for the increase pension, I had filled the offline documents and post it to EPFO Noida office 4 months back but it is still not processed. Is their a way to apply for this online
No, you can’t apply it online. But you may raise your Grievance here..
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.
PPOs are not dealt online. However increased pension with arrears will get credited automatically to your account.