FourV Update-EPFO: New updates! Big relief to pensioners!
15000 limit is going to be removed!
Pension Update: There is great news for pensioners. If you are also a government employee, then a big update regarding pension has come out. According to the new update, the pension of government employees is going to increase soon. The government is now going to increase the limit of pension.
Pension will increase manifold
Let us tell you that the matter of abolishing this salary limit of Employees’ Provident Fund Organization is going on in the Supreme Court. Along with this, the calculation of pension in EPFO can also be done on the previous salary i.e. higher salary category. After this decision of EPFO, there will be a bumper increase in the pension received by the employees. With this decision, the employees will get many times more benefits of pension.
Hearing was held in August
Let us tell you that on August 12 last year, the Supreme Court had adjourned the hearing of a batch of petitions filed by Union of India and EPFO, which said that the pension of the employees cannot be limited. The hearing of these cases is going on in the court.
How much is the maximum pension now?
Employed people are members of the Employees’ Provident Fund Organisation, who are also considered members of the EPS. All employees contribute 12% of their salary to EPF. Along with this, the employee gets the same amount from the company and 8.33 percent of it also goes to the Employees’ Pension Scheme. Talking about the maximum pensionable salary at this time, it is Rs 15,000.
Pension is available after the age of 58 years.
Let us tell you that any employee gets the benefit of pension after 58 years. For this, it is mandatory for the employees to work for at least 10 years. Along with this, tell that employees who contribute to EPF are also eligible for EPS.
There is also a demand for fixing the date of pension.
Along with this, recently many complaints have been received from the pensioners, in which it has been said that people have to wait a long time for their pension. For this, the Employees’ Provident Fund Organization has decided to fix the date of pension.
