Employee Pension Scheme Update – 2023: Employee Pension Scheme Rashtriya Sangharsh Samiti has warned to increase the minimum monthly pension from the existing Rs 1,000 to Rs 7,500. The committee of this EPS Pension (Pension Fund) has given 15 days notice to the Ministry of Labor (Modi Government). The committee said that if the demand is not fulfilled, a countrywide movement will be organized.
Employee Pension Scheme Update – 2023
Employee Pension Scheme Update – 2023
Employee Pension Scheme is operated by the retirement fund body Employees Provident Fund Organization (EPFO). Under this, more than six crore shareholders and 75 lakh EPS pensioners are beneficiaries.
What is the complaint of the committee: EPS Pension Fund 2023
Sangharsh Samiti has said in a letter written to Union Labor Minister Bhupendra Yadav on Monday that the amount of EPS pension (Pension Fund) of Employees Pension Scheme pensioners is very less. Also, medical facilities are limited. Because of this, the death rate of pensioners is increasing.
Committee’s movement warning
It has been said in the letter that if the increase in this EPS Pension (Pension Fund) amount is not announced within 15 days, then a nationwide agitation will be done! Under the Employee Pension Scheme movement, warnings have been given to stop rail and road transport and take steps like genocide.
EPFO Family Pension : Employee Pension Scheme Update
12% of the basic salary and DA of all employees working in the organized sector is deposited in the Employees’ Provident Fund (EPF) every month. The employer also has to contribute the same amount. Employee Pension Scheme Out of 12 percent contributed by the employer, 8.33 percent goes to the employee’s pension account and 3.67 percent goes to the EPS pension (Pension Fund) every month.
EPS Pension Fund 2023
This money deposited in the pension account is deposited year after year and after retirement is given in the form of EPS Pension (Pension Fund). But if due to some reason the EPF member dies, then his family gets the benefit of this pension. For this reason it is also called family pension. Know which family members are entitled to get pension in the Employee Pension Scheme on the death of the employee.
Wife and children are entitled to pension : Employee Pension Scheme
According to the rules of EPFO, if the employee has completed 10 years of service, then he becomes entitled to get EPS pension (Pension Fund). If he dies after becoming a pension officer, then the benefit of pension received under the Employee Pension Scheme is given to the spouse (spouse) and maximum two children of the deceased employee. In such a situation, the wife gets 50 percent pension and if the children are less than 25 years old, then they are given 25-25 percent pension. Children include actual, legally adopted children.
If the spouse remarries: EPS Pension Fund
If after the death of the EPS Pension Fund member, her husband also dies or he marries a second time, then the children get 75 percent of the Employee Pension Scheme pension till the age of 25 years. . If the child is physically handicapped, he is given 75 percent pension.
In Employee Pension Scheme who is entitled to remain unmarried
If the employee is unmarried, then his parents will be given lifelong EPS pension (Pension Fund). If either the father or the mother of the employee has died, the survivor of the two shall be entitled to receive the pension. If there is no one in the family, then whoever is the nominee is given the benefit of pension in the Employee Pension Scheme.
7th Pay Commission Good News: Increase in pay scales of central employees, see full news