Revision of EPF pension latest news 2018: Employee Provident Fund Organization is planning to hike the pension payments of EPF members to 2000 Rs. At present EPF members are getting a minimum monthly pension amount of 1000 Rs. In the present situation, this amount is not at all sufficient to lead a normal life. The cost of living is increasing day by day, keeping in a view of all those things employee provident fund organization plans to hike the employee monthly pension payment amount to 2000 Rs.
Even though the EPF pension becomes 2000 still it is not that much enough in present cost of living, but it will give some support to the employees after their retirement.
Summary On Revision Of EPF Pension Latest News 2018
In the year 2014, the central government has fixed the minimum pension amount for EPF members under employee pension scheme 1995 as 1000 Rs. If the central government hikes this pension to 2000 Rs then there are more than 40 lakhs of pensioners are going to get the benefit of this hike in pension and this will cost nearly 3000 crores per annum for the central government. If it happens then it is a great relief for the employees who are getting very low monthly basic wages.
For example, after calculation of monthly pension if an employee gets only 1200 Rs as pension per month then due to this hike he will get a minimum pension of 2000 Rs.
Pension Calculation Formula = Avg Salary (preceding 60 months from date of exit) X No.of yrs of service/70
Trade unions are demanding to increase the monthly pension amount of pensioners to 3000 Rs. Hope the central government and EPFO will consider their request. Do share your opinions on the planning of EPFO about hiking the EPF pension to 2000 Rs. Keep following this blog to get up to date information about revision of EPF pension latest news 2018.
Sir,
Maximum persons are working in private sector. Kindly consider the minimum
pension issue I-e RS 7500 P.M
AFTER 1995 NO GOVT. CONSIDER ABOUT THE REVISION OF MINIMUM PENTION.
PENTION OF GOVT. SECTOR EMPLOYEES IS REVISING EVERY YEAR. WHY EPS 95
ARE IGNORED.
AN EMPLOYED PERSON IS BEING GIVEN PENSION FROM rS 750, 1000/- BY THE GOVERNMENT, THEN WHAT IS PROBLEM WITH GOVT TO GIVE LATEST MINIMUM PENSION TO AN EMPLOYEE WHO HAS SERVED FROM A INSTITUTION AND GIVEN HIS 60 YEARS. gOVT MUST LOOK INTO THIS MATTEROTHER WISE A CASE AGAINST DEFAULTER WILL BE SHORTLY TAKEN IN HIGH COURT/SUPREME COURT. hOW CAN A SIXTY YEARS MAN CAN GET HIS DAILY BREAD FOR HIS FAMILY FROM rS 2000/- OF EPF PENSION ? MINISTER ARE GETTING TOO MUCH PENSION AFTER 5 YEARS?
Dear Sir
-. Private /public sector employees will not be left any thing by the time they retire . Most of there earnings are spent for Childrens education are loans taken for owning a house or education of children . After retirement only pension will enable them for leading life . Health issues also starts form that age. I request authorities to take a very liniment view against the guanine request of Sr citizens since they can hardly look at Children for help in the present circumstances. The existing Govt is the best to take any decision in this regard and request to enhance pension to a minimum of Rs 7500/- P M& d.a. to be linked with as per Govt. Pensioners being availed of the same. + Medical facilities on concessional base, which becomes the part & parcel of old Sr. Citizens.
Looking forward for early decision
Respected PM sir,
Kindly look into the matter of an early hike in pf pension which is anticipated at least Rs.7500/- per head and to be linked to present scenario of Govt. Pensioners DA so that the said pensioners can survive properly in their remaining life. Otherwise, they do not find any reason to continue further their further life.
pls act fast on minimum pension for private sector/ make it at par with govt/ pls act fast…
a ghosh
Dear Sir
-. Private /public sector employees will not be left any thing by the time they retire . Most of there earnings are spent for Childrens education are loans taken for owning a house or education of children . After retirement only pension will enable them for leading life . Health issues also starts form that age. I request authorities to take a very liniment view against the guanine request of Sr citizens since they can hardly look at Children for help in the present circumstances. The existing Govt is the best to take any decision in this regard and request to enhance pension to a minimum of Rs 5000/- P M
Looking forward for early decision
why epf minimum pension decision is taking so much time /pls hurry up…….
after all,noone is demanding extra favour from anyone / private and govt minimum pension should be same on absolute term…. there is no sence in making a difference …every one is a human being after all… LOL/ pls contact pm …he knows what to do and when /how …most imp
Arrears of enhaced EPF contribution may be collected from those opting for higher pension.This was done in case of Mr Kohli in Hariyana
Sir Ian getting early pension of eps from 1/4/2016 only Rs 1209/-have Iminimum pension 3000/- and higher pension if balance contribution of eps amount Will remitted
dear fm
pls note that a private sector employee is instrumental in country’s growth equally as a govt employee is and therefore they should not feel alienated and feel left out.
besides, govt should not show any sign of favouritism towards any particular group and should be neutral on absolute term. pls take quick action and make every1 happy and gay.
regards,
a ghosh
mr desai is absolutely right / private sector job is much more insecured and tougher than govt job as every1 knows. their pension status must be at par with govt employees. otherwise it would be a disservice towards them.
regards
a ghosh
In the current scenario , after death , wife of the EPF pensioners would get double pension . After revision , what will be pension for wives ?
dear fm,
our great and loving pm is back — take his permission and take care of oldies of this country through minimum pension hike to 3000.
thanx
a ghosh
EPF pension rate revision is pending for a long time. Will the revision be implemented with retrospective date and arrears also paid from 2018 ? Also Finance Ministry must link EPF pension rates with cost of living index as done for other pensions. Currently EPF pension is lowest among all pensions in India . Many senior citizens may not survive till next election . Urgent action is needed .
PRIVATE AND GOVT PENSIONS MUST BE AT PAR WITH EACH OTHER IN TERNS OF CALCULATION. IT MUST BE A FAIR DEAL FOR EVERY ONE
REGARDS
A GHOSH
to finance minister,
pls make sure there is most eqitable distribution of pension portfolio in between govt and private cos.
after all this is one of the best govts in india that functions most sincerely and efficiently. pls dont let the govt lose image of a careful and honest political set up .
regards, a ghosh
I am getting Rs.3000 pension at present. Will my pension become double?
epf pention must be as per central ovt. pention, as per costitiutin same pay for same work, hear also as er central govt. pentioner recived last pay 50 % petion simillariy epfo pentioners are elligible for the same. this small size petion rs. 10000 to rs.3300 is totally discrmination. So justice epfo pentioners at the earliest.
Please give pension as per Central Govt. Employees Norms to us. At least 50% of last retirement month pay. Today life maintainance is very difficult, we cont posible to maintain health and other family expenses.
It will be more benefitted to sr. citizens.
Minimim pension is 5000is essential to ma aga min req such as foods and medicines
Pls increase the PF pension minimum Rs 5000 to meet the basin needs . Also provide ESI cards benifts for retired persons
Tks
Pension should be increasing up to rs. 10000/- because family pension fund was dedicated from 1971. Govt. Should think how much amt. Grab by govt. And that is workers hard money
All the governments are favouring to increase the pension to the Govt. employees without any limit. increase the old age pension to get votes, buy the votes by paying amount to the farmers etc., All the exchequer is going to the above categories. For enhancing the pension to the P.F. pensioners, the Govt. is not even caring. In fact, the private employees have contributed their services to the nation without taking money from the Government and also have paid taxes in lakhs of rupees. But the Govt. is least bothered to think of the p.f. pensioners who are being paid very very meager amount as pension. Even now, the BJP Govt. must think humanly and enhance the pension to Rs.7,500 p.m.
EPF minimum pension amount should be Rs.5000 considering the cost of living prevailing at present.The government should show justice to senior citizens and increase the minimum pension.
EPF 1995, pensioners all received 1000₹ this amount not sufficient, to basic thinks cost very high, we r all expecting pension increased this budget, but not touch, so I request please consider our senior employees/ citizen, they r all having valuable votes,
EPF minimum pension amount should be Rs.5000 considering the cost of living prevailing at present.
When the government proposed to give pension of Rs 3000 to unorganized sector workers, why not EPF pensioners have been left behind, which is not all justifiable. The government should show justice to senior citizens and increase the minimum pension amount to Rs.3000/-, which will benefit the government in the long run
Pension not received
We had a great expectation from the interim budget. EPF pension for senior citizens which was funded by their PF contributions of employees still stands at Rs. 1000/- per month only. There have been talks for the last few years for an upward revision considering the hike in cost of living index. While monthly pension for unorganised sector workers above 60 years have been allowed to Rs.3000/- per month, there is no revision in EPF pension .Not all senior citizens have enough taxable income so as to benefit from reduction of income tax. This is injustice for senior citizens and should be looked into immediately.
Amal Kumar Sen
240 Rajdanga Main Road
Kolkata 700107.
Pm modiji we are totally disappointed there is no mention of epf pension in the budget
Epf pensioners hard work. Of 30 or more years getting meger 1000 as pension.will the pm look in to this matter and arrange to grant pension as per the cost of living today.matter most urgent we are totally disappointed there is no mention about epf pension in the buget.we once again request the pm to do something on this matter.
Government / EPFO should consider to raise the employee Pension at least Rs.10000/- per month. The monthly Pension Contribution rate needs to be reviewed at present.
It’s BJP govt, it only takes from common man, doesn’t favor anything in return
At present one person need minimum Rs 10,000/- to lead a normal life, so, if Prime Minister, Modi Ji sanction/announces Rs 10,000/- as minimum EPF pension, definitely, all the people
will say thanks to Modi Ji by selecting the Modi Ji Government in the elections coming this year
and this will lay a strong foundation in the hearts of the poor people for Mr Modi Ji.
Know a dayes wife and husbend living cost at vilages also a minimum rs 10.000 per month because rent milk daily food medicine ext
Hi
I have been retired from Fertilizer Corporation of India in Feb., 2003 and getting the pension of Rs 961/- per month even after decision of hiking of Rs. 1000/-. The matter has been discussed with the officials of EPFO, they said that my VRS is before 58 years, thereby, the I am not entitled for Rs. 1000/- pm. Here it is to clear that I have not taken VRS, there are 13 companies have been given Voluntary Separation Scheme not Voluntary Retirement and I the company the retirement age was 58 years. Then all the employees under the scheme have been retired before the age of 58 years. I rendered about 25 years in the company and after that I am getting pension only Rs. 961/-.
May I request to the trustees to look into the matter and sympathetically this matter may be taken up and should be paid minimum pension.
From when it is going to be get implemented?
EPF pension minimum hike Rs.10000 we need for leading our normal life and this is our expectations, Thank you.
Hi Latha,
What you said was definitely true, at present minimum 10000 Rs is required as a pension to lead a decent life after retirement, it will be more beneficial for private employees.
You are right, but where is the resources?
My pension should be 9000+ 500 because I have serviced in 22 years in a pvt. com
and pension receiving 1000/-
where as govet employees received the pension in this time rs. 40,999