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EPFO to offer minimum month pension of Rs. 1,000 soon

The decision to provide the entitlement under EPS-95 run by the EPFO was taken by the Union Cabinet in its meeting held on February 28

May 21, 2014 3:43 IST | India Infoline News Service
The UPA government's decision to provide a minimum monthly pension of Rs 1,000 under EPFO's ( Employees' Provident Fund Organisation) scheme will be implemented now as the elections are over, according to a media report.
The EPFO said that the decision, which would benefit 28 lakh subscribers, could not be implemented because the model code of conduct (MCC) came into force once the general election were announced on March 5, the report added.
The decision to provide the entitlement under EPS-95 run by the EPFO was taken by the Union Cabinet in its meeting held on February 28.
The Central Board of Trustees (CBT), the apex decision making body of EPFO had met on February 5, and decided to amend the EPS-95 scheme for the purpose.

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