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Increase in Provident Fund pension and details of contribution to this scheme

GOVERNMENT OF INDIA
MINISTRY OF  LABOUR AND EMPLOYMENT
RAJYA SABHA

STARRED QUESTION NO-187

ANSWERED ON-18.12.2013

Increase in Provident Fund pension

187 . SHRI P. RAJEEVE

(a)whether the Ministry has decided to increase the Provident Fund pension, if so, the details thereof;
(b)the total deposit as contribution from the employees towards Provident Fund pension; and
(c)the contribution of the employees, the employers and Government to this scheme?

ANSWER

MINISTER OF LABOUR AND EMPLOYMENT (SHRI OSCAR FERNANDES)

(a) to (c): A Statement is laid on the Table of the House.

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STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (c) OF RAJYA SABHA STARRED QUESTION NO. 187 TO BE ANSWERED ON 18.12.2013 BY SHRI P. RAJEEVE REGARDING INCREASE IN PROVIDENT FUND PENSION.

(a): A proposal for providing minimum pension of Rs. 1000/- to member pensioners under Employees’ Pension Scheme, 1995 is under consideration of the Government.
(b): Employees do not contribute to Employees’ Pension Scheme, 1995.
(c): The contribution of the employees, the employers and the Government to Employees’ Pension Scheme, 1995 is as under:

S. No. Particulars % of Wages
1. Employees’ contribution NIL
2. Employers’ contribution 8.33%
3. Government contribution  1.16%

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