EPFO Update: PF employees are going to get a significant gift. The central government can soon open the treasure box for PF employees. It is believed that the central government can decide to increase the minimum pension limit for PF employees. This decision is supposed to be taken this year.
If this happens, this year will be good news for PF employees. The government announces interest to PF employees in the financial year, which is like a booster dose. Now the employees have given a memorandum several times demanding an increase in the minimum amount of EPS. However, the government has not officially announced anything.
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EPFO members are constantly demanding
Do you know that EPFO members constantly demand an increase in EPS? At present, the minimum pension amount is Rs 1,000. Union Labor Minister Mansukh Mandaviya has assured us of timely action on their demands, including a minimum pension, as per EPS-95.
In a statement issued by the body of pensioners, it has been stated that more than 78 lakh pensioners coming under EPFO across the country also benefit from this. EPF may announce an increase in the minimum pension amount in this financial year.
How many EPFO employees will benefit?
If the central government increases the minimum pension to Rs 7500, it will be a significant gift. In the current situation, EPFO has about seven crore members. The government has announced it will give 8.25 percent interest for 2024-2025. Now everyone is eagerly waiting for the interest amount to come into the account.
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