EPFO Update: Ever since the Modi government at the center started UPS for central employees, PF employees working in the private sector also became active to make their future bright. PF employee organizations are constantly demanding the central government to increase the minimum amount of pension under EPS.
Due to the long-standing demand, the central government can take a decision to increase this amount. Employees’ organizations are demanding to increase the minimum pension amount to Rs 7500. But everyone’s eyes are fixed on how much the government increases it now. However, nothing has been said by the government on this yet. Such things are being said in media reports.
How much can be the minimum pension?
PF employee organizations have been demanding for a long time to increase the pension amount under EPS. If the central government increases the minimum pension amount to Rs 7500 for some reason, then it will prove to be a big gift in inflation. However, at present the amount of EPS is Rs 1000.
If the media reports prove to be correct, then an increase of Rs 6500 can be made. If the information related to the sources is to be believed, then the minimum pension amount can be increased to Rs 3,000 per month. By the way, the matter of relief is that a parliamentary committee has also demanded to increase the minimum pension amount.
Which employees get pension under EPS
EPS benefits are available to those PF employees whose service period is at least 10 years. If the job is less than this, then you will not be entitled to get pension from EPFO. If you retire at the age of 58, then the employee will be the claimant. The central government started EPS to make the old age of PF employees better.
For information, let us tell you that a few days ago, the central government had announced to give 8.25 interest for PF employees. After this, everyone is eagerly waiting to get the interest amount. Soon EPFO will transfer the interest amount to your EPF.