Introduction

The Employees’ Provident Fund (EPF) is a retirement savings scheme that provides financial security to employees in India. It is managed by the Employees’ Provident Fund Organisation (EPFO). The EPF pension is an important part of the EPF scheme and is a source of income for retired employees. In 2019, the EPFO has made several changes to the EPF pension scheme to make it more beneficial for the employees. This article will discuss the latest news on the revision of EPF pension in 2019. It will provide an overview of the changes made to the scheme and the benefits that it provides to the employees.

Revision Of EPF Pension Latest News 2019

The Employees’ Provident Fund Organisation (EPFO) has recently announced a revision of pension for its subscribers. The new pension rates will be applicable from 1st April 2019.

The new pension rates are as follows:

• For those who have completed 10 years of service, the minimum pension has been increased from Rs. 1,000 to Rs. 1,250 per month.

• For those who have completed 20 years of service, the minimum pension has been increased from Rs. 1,250 to Rs. 1,500 per month.

• For those who have completed 30 years of service, the minimum pension has been increased from Rs. 1,500 to Rs. 1,750 per month.

• For those who have completed 40 years of service, the minimum pension has been increased from Rs. 1,750 to Rs. 2,000 per month.

The EPFO has also announced that the pensioners will be eligible for an additional pension of Rs. 200 per month if they have completed at least 20 years of service. This additional pension will be applicable from 1st April 2019.

The EPFO has also announced that the pensioners will be eligible for an additional pension of Rs. 300 per month if they have completed at least 30 years of service. This additional pension will be applicable from 1st April 2019.

The EPFO has also announced that the pensioners will be eligible for an additional pension of Rs. 400 per month if they have completed at least 40 years of service. This additional pension will be applicable from 1st April 2019.
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Revision of EPF pension latest news 2018: Employee Provident Fund Organization is planning to hike the pension payments of EPF members to 2000 Rs. At present EPF members are getting a minimum monthly pension amount of 1000 Rs. In the present situation, this amount is not at all sufficient to lead a normal life. The cost of living is increasing day by day, keeping in a view of all those things employee provident fund organization plans to hike the employee monthly pension payment amount to 2000 Rs.

Even though the EPF pension becomes 2000 still it is not that much enough in present cost of living, but it will give some support to the employees after their retirement.

Summary On Revision Of EPF Pension Latest News 2018

In the year 2014, the central government has fixed the minimum pension amount for EPF members under employee pension scheme 1995 as 1000 Rs. If the central government hikes this pension to 2000 Rs then there are more than 40 lakhs of pensioners are going to get the benefit of this hike in pension and this will cost nearly 3000 crores per annum for the central government. If it happens then it is a great relief for the employees who are getting very low monthly basic wages.

For example, after calculation of monthly pension if an employee gets only 1200 Rs as pension per month then due to this hike he will get a minimum pension of 2000 Rs.

Pension Calculation Formula = Avg Salary (preceding 60 months from date of exit) X No.of yrs of service/70

Trade unions are demanding to increase the monthly pension amount of pensioners to 3000 Rs. Hope the central government and EPFO will consider their request. Do share your opinions on the planning of EPFO about hiking the EPF pension to 2000 Rs. Keep following this blog to get up to date information about revision of EPF pension latest news 2018.

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Revision Of EPF Pension Latest News 2019

The Employees’ Provident Fund Organisation (EPFO) has recently announced a revision of pension for its subscribers. This revision is applicable to all EPF pensioners who retired on or after 1st April 2019. The new pension rates are applicable from 1st April 2019 and will be applicable to all EPF pensioners who retired on or after 1st April 2019.

The new pension rates are based on the recommendations of the 7th Central Pay Commission (CPC). The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019. The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019.

The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019. The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019. The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019.

The new pension rates are applicable to all EPF pensioners who retired on or after 1st April 2019. The new pension rates are applicable to

Introduction