Pension scheme for platform workers soon

The Government is likely to soon introduce a scheme to provide pensions to platform workers, along with bringing them under social security net, according to a senior official.

- PRIYANSH VERMA

The scheme, which will be administered by the Employees' Provident Fund Organisation (EPFO), is likely to provide pensions to around 1 million platform workers, and may be launched by early FY26, according to sources.

Although the mechanism through which contribution towards the workers' pension fund is still under works, sources say that about 2% of any workers' daily earnings would be added to that fund. "The employer (platform) will make this contribution to the fund, based on the determined formula (2% of earnings)," an official said.