As per a leading business daily report which cited officials, the EPFO amid cash crunch has for now shelved off its plan to double pension for its around 4.5 million pensioners.
EPFO Shelves Off Plan Of Doubling Minimum Pension
Earlier there was a proposal put forth to increase the pension amount from Rs. 1000 to Rs. 2000 on a monthly basis.
"This is now on hold. We cannot go ahead as it will burden us financially," one of the officials was quoted as saying in the report.
It also cited that doubling of pension amount would increase the expenditure of the government by Rs. 1,500 crore. Also an official from the labour ministry said that this year being the election year, the retirement fund body cannot ask for more of funding.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google