Need to enhance EPF pension: Minister
Union Minister of State for Labour and Employment Kodikunnil Suresh stressed the need for enhancing the Employees Provident Fund (EPF) pension.
He was speaking after visiting the Sub-Regional Office of the Employees Provident Fund Organisation in Kochi on Wednesday.
The Minister said he had received a large number of representations urging to enhance EPF pension. The matter will be presented in the forthcoming meeting of the Central Board of Trustees of EPF, the minister said.
Kodikunnil Suresh also deliberated on the need for enhancing the statutory salary limit of `6,500 a month for EPF Eligibility.
The minister said that more Bhavishayanidhi Adalats should be organised to redress the grievances of the EPF members. He held discussions with the officers and the union representatives in the EPF office.
The minister had earlier said that the Labour Ministry was actively considering a proposal to increase the Employees Provident Fund pension amount by `1,000.
He said he had received several representations from the EPF pensioners Association saying the pension was as low as `50 to `300.