Pension to Retired Employees Covered Under PF Scheme

Press Information Bureau 
Government of India
Ministry of Labour & Employment 
07-August-2013 14:38 IST

Pension to Retired Employees Covered Under PF Scheme 

The Employees’ Pension Scheme, 1995 came into effect from 16th November, 1995 replacing the erstwhile Employees Family Pension Scheme, 1971, which inter-alia provides superannuation/retirement and family pension. 
In order to secure a minimum pension of Rs. 1,000/- per month under Employees’ Pension Scheme (EPS), 1995 to the member pensioners, the present Government contribution to EPS, 1995 is required to be raised from the existing 1.16% to 1.79% of wages thereby increasing the Government’s present contribution from approximate Rs.990 crore per annum to Rs.1533 crore per annum in the first year. An analysis of the trend in the contribution made by the Central Government suggests that the contribution of the Central Government has been increasing at an average of 10-15% per annum over the last five years. 

This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Lok Sabha today in reply to a written question. 





  • Mazawni 1 year ago

    What about the 18 months DA arrear whilst the pandemic which we still haven’t received?we are all eagerly expecting every passing days and months in vain so far.