Central Government News: A big plan is being made by the Central Government regarding pension to the employees, after which there will be a bumper increase in the pension of all the employees.
Pension and Salary Rules: A big plan is being made by the Central Government regarding pension to the employees, after which there will be a bumper increase in the pension of all the employees. At present, there is talk of increasing the minimum salary of the employees under the Employees’ Provident Fund Organization (EPFO). The government is going to take a big decision for the employees soon.
Salary will be Rs 21,000
Tell me, at present the minimum salary of the employees is Rs 15,000, a decision can be taken to increase it to Rs 21,000. After increasing the minimum salary of the employees, the pension will also increase. According to media reports, due to the increase in the minimum salary of the employees, the pension will also increase.
The minimum salary was also increased in 2014. The last time the central government increased the minimum salary was in the year 2014. At present, once again the government is planning to increase the salary of the employees. If the salary increases, then the share of pension and PF will also increase automatically. By increasing the minimum salary of the government, the contribution of the employees to the provident fund will also increase.
How much will be the contribution of PF, at this time the minimum salary of the employees is calculated at Rs 15,000, due to which only a maximum of Rs 1250 can be contributed to the EPS account. If the government increases the salary limit, then the contribution will also increase. After the increase in salary, the monthly contribution will be Rs 1749 (8.33% of Rs 21,000).
Employees will get many benefits
With this decision of the government, the employees will get the benefit of more pension even on retirement. If any employee worked for 20 years, then the monthly pension he would get through EPS would be Rs 7286. Apart from this, due to the increase in salary, the employees will also get many other benefits.
