The Central Board of Trustees of the Employees’ Provident Fund Organisation is set to meet on October 13 to discuss a range of issues including the retirement fund manager’s technology upgrade under EPFO 3.0, the recent employment linked incentive scheme as well as strengthening of its investment patterns.
While the issue of an increase in the minimum pension of Rs 1,000 is not on the agenda that has been circulated for now, sources indicated it could be brought up for discussion in the meeting. Advertisement
The labour ministry has been looking into a possible revision in the current monthly pension of Rs 1,000 under the Employees’ Provident Scheme, 1995 and various options to revise it, which has been a demand from several pensioners and trade unions who have pointed out that the amou