What is latest about EPFO pension?

The government currently contributes 1.16% to the pension kitty of every PF member earning a monthly salary of less than ₹15,000 as part of the employees’ pension scheme of EPFO. “This subsidy for poor and low paid subscribers should continue.

Is there any hike in EPS 95 pension?

‘Expect hike in minimum pension to Rs 7,500 per month under EPS-95′ The pension is Rs 1,000 a month at present, provided under the Employees’ Pension Scheme 1995 (EPS-95) managed by the Employees’ Provident Fund Organisation (EPFO).

What is the minimum EPF pension now?

Currently, the minimum monthly pension that an individual will receive after his/her retirement through the EPS scheme is Rs. 1,000. However, the Union is demanding the government to increase this limit to Rs. 5,000 per month since a long time.

How much pension increase 2021?

The figures above include the pension and energy supplements. From 20 September 2021 the maximum full Age Pension increases $14.80 per fortnight for a single person, and $11.20 per person per fortnight for a couple.

Has there any good news for EPF pensioners?

Provident Fund News: The Employees’ Provident Fund Organization (EPFO) has announced huge relief for its millions of pensioners. Now retired employees will not have to visit the PF office for information related to their pension. EPFO has provided many facilities for pensioners on its portal.

When EPF pension will start?

On when and how much pension will be given to the EPFO beneficiary Jitendra Solanki said, “EPF pension under EPS benefit is given to the EPF account holder when the beneficiary turns 58 years of age.

Is the age pension going to rise?

The maximum single age pension rate was increased by $14.80 to $967.50 a fortnight on September 20. Couples will receive an extra $22.40 combined. The boost has taken the annual pension paid for a single person to $25,155 and $37,923 for a couple.