It is noteworthy, that the Union Labour Minister Santosh Gangwar recently said that the increase in minimum pension would increase the burden on the government. If this proposal is passed, around ...

Dawra also announced major pension reforms, stating that EPFO’s 78 lakh pensioners will now receive benefits through a centralized pension system, allowing them to access their pensions from any ...

Dawra said EPFO currently has around 7.5 crore active members who maintain their PF accounts and contribute towards their pension. “We have undertaken significant work in this regard.

The Employees Provident Fund Organisation fears that it may have to spend ₹1,86,920 crore to pay just 50% of the total applicants for a higher pension. In a note circulated to the Central Board ...