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.