EPS 95 Higher Pension News from Loksabha: whether there has been demand for higher pension on higher contributions among the members of EPFO

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED    QUESTION NO:    1888
ANSWERED ON: 14.03.2022

New Pension for Employees of EPFO

• Bharatiben Dhirubhai Shyal
• Manne Srinivas Reddy
• Vellalath Kochukrishnan Nair. Sreekandan
• Y. S. Avinash Reddy
• Komati Reddy Venkat Reddy
• Rodmal Nagar
• Ravneet Singh
• Will the Minister of

LABOUR AND EMPLOYMENT be pleased to state:-

(a)whether the Government proposes to introduce pension for the employees of EPFO covered organized sectors getting more than Rs. 15000/- as basic salary;

(b)if so, the details thereof along with the time by which the said scheme is likely to be started; and

(c)the details of the features of the said scheme along with benefits the pensioners are likely to get from the said scheme;

(d)whether there has been demand for higher pension on higher contributions among the members of EPFO; and

(e)if so, the details thereof along with the other measures being taken by EPFO for the benefit of employees?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT

(SHRI RAMESWAR TELI)

(a): No, Sir.

(b) & (c): Does not arise.

(d) & (e): The issue of granting higher pension under the Employees’ Pension Scheme, 1995 is sub-judice in the Hon’ble Supreme Court of India.

Employees’ Provident Fund Organisation (EPFO) has taken various measures for the benefit of employees which, inter-alia, include online claim settlement, provision of e-nomination, settlement of pension claims on the date of retirement, and organising Pension Adalats.