Pensioners got good news, now EPS pension has increased so much
Good news for private sector employees, there is going to be an increase in pension from the Employees' Provident Fund Organisation.
There is every possibility of increasing your pension manifold, so let's know what is the update.
It is believed that there can be an increase of 333% in the pension under the Employees Pension Scheme-95.
Check Mode: Online
The maximum pension in the Employee Pension Scheme is fixed at Rs 15,000.
The sealing of the pension case in the Employee Pension Scheme is pending with the Supreme Court bench. It has been heard at the career level, there is a persistent demand by the union that the limit be abolished.
If the decision is in favor of the employees, then the pension can also be calculated on the last pay i.e. higher pay bracket. With this decision, it is possible to increase the pension of the employees by up to 300%.
Some conditions have been kept for getting pension from EPFO, it is necessary to contribute for 10 years. Whereas, after completing 20 years of service, a weightage of 2 years is given.
If the pension limit is abolished, then the pension will increase in the Employee Pension Scheme of the same employee.