You are here: Home » Economy & Policy » News
Business Standard

Govt in consultation to increase minimum pension: Minister Gangwar tells LS

It was the Modi government which had hiked the pension to Rs 1000 in 2014, minister Gangwar said

Press Trust of India  |  New Delhi 

Santosh Gangwar
Union Minister Santosh Gangwar | Photo: @santoshgangwar (Twitter)

An increase in minimum for employees affiliated to EPF to Rs 2000 will cost the government Rs 4,671 crore and Rs 11696 crore if hiked to Rs 3000, Labour Minister told the on Monday.

Amid demand by some members to increase the minimum from the existing Rs 1000, Gangwar told the House that a consultation process has been initiated with Employees' Provident Fund Organisation (EPFO) and Central Board of Trustees.

He noted that a committee had earlier recommended increase of the minimum monthly member

It was the which had hiked the pension to Rs 1000 in 2014, he said.

First Published: Mon, June 24 2019. 15:10 IST