The Central Board of Trustees (CBT), the highest decision-making body of the Employees’ Provident Fund Organisation (EPFO), is scheduled to meet in Bengaluru on October 10 and 11. This meeting is likely to discuss a proposal to increase the minimum pension from Rs 1,000 to Rs 2,500 per month, according to reports.
Minimum pension expected to increase after 11 years
The minimum pension under the Employees’ Pension Scheme (EPS-95) under the EPFO is currently Rs 1,000 per month. This was fixed in 2014 and has remained unchanged since then.
Various employee organisations have long been demanding that the Rs 1,000 amount is too low given the current inflation. Trade unions and various associations of pensioners have long been demanding an increase in the pension amount to Rs 7,500 unde