Par panel suggests a raise to EPF pension, says Rs 1,000 inadequate to meet basic needs
NEW DELHI, Mar 17 (PTI): A Parliamentary panel on Tuesday recommended an urgent, comprehensive review of the Rs 1,000 minimum monthly pension under the Employees’ Pension Scheme, 1995, to raise it to a more realistic and dignified level.
This assumes significance in view of pensioners’ demand to raise the pension to Rs 7,500 per month, as Rs 1,000 is not sufficient to make both ends meet.
Pensioners under the Employees’ Pension Scheme 1995 (EPS-95) run by the retirement fund body EPFO had also staged a three-day protest at Jantar Mantar from March 9, for increasing the minimum monthly pension to Rs 7,500.
