new Delhi. The Modi government is announcing one after the other over Diwali. Which is the bat of government employees. In such a situation, it is expected that the government may soon give good news to pensioners as well. Because the pension of about 60 lakh pensioners in the country can be doubled. This announcement may be on or before Diwali. In such a situation, the pension is likely to be increased from one thousand to two thousand.
According to media reports, pensioners can get the enhanced pension gift on Diwali from EPFO. In this connection, the Finance Ministry has agreed to the proposal of the Ministry of Labor to increase the minimum pension. It is said that the Ministry of Labor had proposed to increase the minimum pension from one thousand to two thousand. It can be officially announced soon after the approval from the government. The Central Board of Trustees has been asked to increase the minimum pension from Rs 2,000 to Rs 3,000. Doubling the pension will cost the government from 2000 to 2500 crores. About 60 lakh pensioners will benefit from this increase.
These people will get benefit
The increase in pension will benefit the employees of organized sector companies under the ambit of EPFO. With this proposal of the Ministry of Labor, people whose pension is minimum one thousand rupees, it will increase to two thousand rupees. It is known that both the employer and the employee contribute to the EPF. It accounts for 12-12% of the employee’s basic salary + DA. The Employee Pension Scheme, or EPS, accounts for 8.33% of the company’s 12% contribution.