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Hike minimum pension under EPS, complete evaluation by 2025: Panel
Business Standard
|April 18, 2025
A parliamentary panel has asked the labour ministry to complete third-party evaluation of the Employee Pension Scheme (EPS)—the first such exercise since its inception 30 years ago—within a definite timeframe, preferably by the end of 2025, to make it more effective.
Headed by Bharatiya Janata Party Member of Parliament Basavaraj Bommai, the Parliamentary Standing Committee on Labour has also asked the ministry to consider "with a sense of urgency" increasing the minimum pension of ₹1,000 under EPS, given the "manifold increase in the cost of living".
The EPS, which came into force in November 1995, is administered by the Employees' Provident Fund Organisation (EPFO).
The committee said the ministry had awarded the contract for conducting the maiden third-party evaluation of the EPS through the request for proposal (RFP) route, and the exercise was currently underway.
Bu hikaye Business Standard dergisinin April 18, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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