The EPFO Pension This information is useful if you have a PF account and are employed. The government has rejected the idea to raise the pension for EPFO (Employees' Provident Fund Organization) members.
Actually, there has long been a call for raising PF subscribers' pensions. However, the Labor Ministry's suggestion on this matter was rejected by the Financial Ministry.
Pension proposal should be increased to Rs. 2000 per month The Ministry of Labor proposed raising the current monthly salary cap by Rs 1000. The parliamentary committee will ask the Financial Ministry for explanation on this.
However, the amount of the pension that the Ministry of Labor had suggested could not be found.
The Parliamentary Standing Committee on Labor, which is chaired by BJD MP Bhartrihari Mahtab, was briefed on the operation of the EPF Pension Scheme and the administration of its funds by top officials from the Ministry of Labor and EPFO.
Officials informed the committee that the finance ministry rejected the labour ministry's request for a monthly pension hike.
To get further information on this action, the committee has now agreed to call senior officials from the Financial Ministry. The committee had advocated raising the minimum monthly pension due to the member, widow, or widow pensioner by at least Rs 2,000 in its report.