Pension: Enhancement of EPF pension

Enhancement of EPF pension

GOVERNMENT OF INDIA
MINISTRY OF  LABOUR AND EMPLOYMENT
RAJYA SABHA
UNSTARRED QUESTION NO-401
ANSWERED ON-27.02.2013

Enhancement of EPF pension

401 .    SHRI SYED AZEEZ PASHA

(a)whether there is a proposal to provide fixed minimum pension to all the employees who are covered under Employees” Provident Fund Organisation (EPFO);

(b)if so, the details thereof alongwith the minimum amount Government is planning to give to the pensioners;

(c)whether Government has decided to revise the existing scheme in view of demand of workers for a reasonable hike in their EPF pension;

(d)if so, by when the enhanced pension is likely to be disbursed; and
(e)the number of employees who are getting pension benefits from EPFO at present?

ANSWER
(SHRI KODIKUNNIL SURESH)

(a) to (d):     A proposal to enhance minimum pension to Rs.1,000/- per month under Employees’ Pension Scheme, 1995 is under consideration of the Government. However, no time frame for implementation of the proposal can be given.

(e):     At present, 41 lakh pensioners are getting pension benefits from EPFO.

Source- Rajya sabha