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Wednesday, July 30, 2014

Increase in wage ceiling for coverage under Employees’ Provident Funds

 Increase in wage ceiling for coverage under Employees’ Provident Funds 


Press Information Bureau,
Government of India
Ministry of Labour & Employment
30-July, 2014 16:25 IST

Revision of EPF Pension 

      The Minister of State for Mines, Steel and Labour and Employment, Shri Vishnu Deo Sai has said that the Government has since approved a proposal for increase in wage ceiling for coverage under Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 from Rs. 6,500/- to Rs. 15,000/- per month. 


In a written reply in the Rajya Sabha today, Shri Vishnu Deo Sai has said that there is no proposal under consideration for revision of pensionable salary at regular intervals keeping in view the rate of inflation. The Government has approved a minimum pension of Rs. 1,000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995.


NSK/NN
(Release ID :107634)

Source: PIB 

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