EPS 95 higher pension Implementation: When Government will implement this verdict and instruct the EPFO to take actions for giving higher pension

GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

RAJYA SABHA

UNSTARRED QUESTION NO. 1855

TO BE ANSWERED ON 22.12.2022

SUPREME COURT VERDICT ON EPF PENSION SCHEME

1855. SHRI ELAMARAM KAREEM:

Will the Minister of Labour and Employment be pleased to state:

(a)whether Government is aware about the Supreme Court verdict of 4th November on EPF Pension Scheme;

(b)by when Government will implement this verdict and instruct the EPFO to take actions for giving higher pension; and

(c)the quantum of the corpus fund available with the EPFO till date?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT

(SHRI RAMESWAR TELI)

(a) & (b): Yes, Sir. The directions of the Hon’ble Supreme Court in the judgment are under examination.

(c): The details of the corpus available with the Employees’ Provident Fund Organisation, as on 31.03.2022, are as under:

Sl. No.                      Name of the Scheme                                                Amount (Rs. In crore)
1                               Employees’ Provident Fund Scheme,                      1952 11,37,096.72
2                               Employees’ Pension Scheme, 1995                         6,89,210.72
3                               Employees’ Deposit-Linked  Insurance Scheme,    1976  37,828.56
                                                                                                    TOTAL 18,64,136.00