Monday, 1 September 2014

Govt Announce Minimum Pension is 1000 and PF Salary range is 15000 is fixed

EPFO plans organization that EPF's pension plan monthly pension to the much anticipated notification of at least 1,000 rupees is given released today. Additionally in terms of key measures of social security under EPF to Maximum salary range has been increased to RS. 15,000. This decision shall apply from 1 September2014. Employees ' pension scheme 1995 i.e. EPS-95 minimum from 1000 rupee yielded 28 million pension Will benefit pensioners who receive less pension.

EPF organization i.e. Pay for the entitlement of the EPFO maximum limit can increase from RS 15,000 to RS 6,500 monthly to the organized sector 50 million and employees will come under this scheme. The Central Provident Fund Commissioner, Jalan said that the Government has increased the salary range was 15,000 per month. The lowest monthly salary under the EPS-95 1000 RS and Goblet EDLI insurance associated with that employee's EPF scheme under the maximum insured amount to RS. Three lakh family pensions have issued the notice.

The decision will benefit nearly 28 million pensioners immediately which will include 5 million widows. Overall EPFO come under 44 million pensioners the highest decision making body of the EPFO. Central Board of Trustees that CBT had a meeting on February 5 and EPS-95 scheme decided to amend.

No comments:

Post a Comment