-The Telegraph The Centre has issued a directive asking officials to seek only the minimum number of documents required for claiming family pension following complaints of unnecessary harassment. In a memorandum issued last week, the department of pension and Pensioners’ welfare asked all central government ministries and departments to “strictly” adhere to instructions so that relatives of deceased Pensioners are not put through “any hardships”. From the “representations received in this department it...
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Govt wants EPFO pension raised to Rs 1,000 a month
-The Times of India The labour ministry has written to the finance ministry recommending that the minimum monthly pension for members of the Employees Provident Fund Organization (EPFO) be raised to Rs 1,000 per month. Who will fund the additional Rs 539 crore per year that this will cost, the government or workers, however remains a fraught issue. The EPFO currently has 35 lakh Pensioners as its subscribers, of whom 7 lakh...
More »Eye on polls: Minimum PF pension of Rs 1,000 a month likely-Vikas Dhoot
-The Economic Times Nearly 6 crore formal sector employees could look forward to retiring with a minimum pension of Rs 1,000 a month, in addition to their provident fund savings, if the finance ministry green signals a labour ministry proposal to increase the pension of PF subscribers. At present, most provident fund subscribers receive less than Rs 500 a month as pension after decades of service, with some getting as low as...
More »Govt push for Rs. 1,000 monthly pension plan-Vivek Sinha
-The Hindustan Times The labour ministry has proposed a minimum pension of Rs. 1,000 a month for all those who subscribe to the Employees’ Pension Scheme (EPS). If implemented, the move will benefit nearly 3 million workers engaged in small and medium enterprises with higher retirement benefits. Under the EPS 95 scheme, which has been in operation since 1995, a part of the employees’ provident fund contributions are set aside into...
More »Cry in the wilderness-Vikhar Ahmed Sayeed
By stopping social security pensions, the Karnataka government has put the lives of over 10 lakh poor in peril. Naveen Basavaraj Kuntoji is nine years old and suffers from cerebral palsy. His movements are greatly restricted, and it looks like he is in great pain every time he valiantly wills his body to do something. When he is hungry, he slowly lifts his hand and points to his mouth. When this...
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