EPFO may discuss higher minimum EPS pension on Nov. 19
In short
The Employees' Provident Fund Organisation may discuss raising the minimum monthly pension under the Employees' Pension Scheme at its proposed November 19 meeting. The summary says a proposal to increase the pension from Rs 1,000 is expected at the next Central Board of Trustees meeting.
This could matter to pensioners if the amount goes up. But the report does not say the new pension amount or whether any decision will be made.
What the reporting says
The Employees' Provident Fund Organisation may discuss increasing the minimum monthly pension under the Employees' Pension Scheme at its proposed November 19 meeting. The publisher-supplied summary says a proposal to raise the pension from Rs 1,000 is anticipated at the next Central Board of Trustees meeting. The report does not state the new amount or whether any decision will be taken.
Why it matters
The Employees' Provident Fund Organisation may consider a higher minimum monthly pension for the Employees' Pension Scheme at a proposed November 19 meeting. The summary says a proposal to raise the pension from Rs 1,000 is expected at the next Central Board of Trustees meeting. This would matter to pensioners, but the final amount and any approval are not stated.