The above statement was submitted by MoLE in reply of undermentioned Rajy Sabha question:
UNSTARRED QUESTION NO-2134
2134 . SHRI RAMACHANDRA KHUNTIA
(a)whether Government is planning to bring amendment in Employees Provident Fund (EPF) Pension Scheme to enhance the quantum of monthly pension as the benefit in other scheme is highest than the present pension scheme and also increase the coverage limit to Rs. 15,000 per month and reduce the number of workers to 5 instead of 20 for coverage; and
(b)if so, the deatails thereof?
MINISTER OF STATE FOR LABOUR AND EMPLOYMENT
(SHRI KODIKUNNIL SURESH)
(a) & (b): *** see above ***
Source: Rajya Sabha Q&A
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COMMENTS
By implementation of minimum pension of Rs.1000/-, the marginal benefit is ranging from Rs.500/- to Rs.700/-. Then is there any slab fixation for the pensioners who are drawing Rs.1000/- and Rs.1500/-.