Many employee unions across the country have been pushing for a hike in the minimum Employees’ Pension Scheme (EPS) amount from Rs 1,000 to Rs 7,500. However, when the government was questioned about any plans to raise the minimum EPS pension, no increase was announced.
In response to a query in Lok Sabha this week, Shobha Karandlaje, the Minister of State for Labour and Employment, said that the government is committed to providing robust social security coverage to EPFO members while also considering the fund’s sustainability and future obligations.
