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GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

LOK SABHA

UNSTARRED QUESTION NO. 1053 TO BE ANSWERED ON 26.07.2021 

EPS CONTRIBUTION  

1053. SHRI SUDHAKAR TUKARAM SHRANGARE:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a)whether it is true that the Government has not given its EPS contribution to Employees‘ Provident Fund Organisation since 2014-15;

(b)if so, the reasons therefor along with the quantum of pending arrears in this regard as on date; and

(c)the corrective steps taken by the Government in this regard?

ANSWER 

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI RAMESWAR TELI)  

(a) & (b): The details of funds released to the Employees’ Provident Fund Organisation (EPFO) since 2014-15 towards Government of India’s statutory contribution of 1.16 per cent under the Employees’ Pension Scheme (EPS), 1995
are as follows: 

Year                      Funds released (Rupees in Crores) 

2014-15                2,299.80  

2015-16                3,030.20

2016-17                3,525.00  

2017-18                4,040.18

2018-19                3,900.00  

2019-20                3696.67  

2020-21                6027.61

As on 31.03.2021, there is a cumulative arrear of Rs.10,589.20 crore (provisional).

(c): Keeping in view the trend, a provision of Rs. 6364 crore has been made in Budget Estimates 2021-22 towards Government of India’s statutory contribution under EPS, 1995.