ALSO READEPFO to take over 500 small private PF trusts, each with Rs 1 crore funds EPFO to announce interest rate on PF deposit for FY18 next month Good news: Private EPF trusts can't have interest rate lower than EPFO Soon, your PF account will be transferred automatically when you shift jobs How to link multiple EPF accounts with UAN? Here is a step-by-step guide
Thousands of pensioners covered under the EPF-95 scheme staged a march in New Delhi on Thursday demanding that the minimum monthly pension be raised to Rs 7,500.
The amount under the scheme, run by the Employees' Provident Fund Organisation (EPFO), is Rs 1,000 at present.
"Today pensioners protested from Ramlila Maidan to Jantar Mantar for their honour and right. Thousands of Protesters from 22 states voiced their right to pension...," said a statement All-India EPS-95 Pensioners Sangharsh Samiti.
The Samiti's National Convener Ashok Raut said: "If they dont fulfil our demands, we will go and talk to every Minister, MP, and MLA and will make it a national agitation as retired employees get less than Rs 2,500 monthly pension which is not enough to meet their daily needs.
"So it is the matter of 17 crore people of unorganised sector and their future."
The statement said that after prolonged discussions in Parliament, the labour minister announced setting up of another expert committee on the subject but the delay in decision is hampering livelihood of 60 lakhs old age families.
The pensioners have demanded Rs 7,500 as a basic pension plus DA (dearness allowance) under Employees Pension Scheme 1995 (EPF-95).
They said in their memorandum that until this demand is fulfilled, Rs 5,000 plus DA be granted as an interim relief considering inflation since the Koshiyari Committee recommendations (Rs 3,000 or more plus DA) were made, and provide Free Medical facilities to all EPS-95 pensioners and their spouses.