Enhancement of salary limit of Employees Provident Fund

GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

RAJYA SABHA

UNSTARRED QUESTION NO-748

ANSWERED ON-11.12.2013

Enhancement of salary limit of Employees Provident Fund

748 . SHRI RAMACHANDRA KHUNTIA

(a)whether Government is considering to enhance the salary limit of employees of provident fund to Rs. 15000/- and reduce the number of workers from 20 to 5 in view of the mechanization and down sizing of the workers; and

(b)whether Government is also considering to raise the provident fund related pension to Rs. 2000/- per month as minimum pension?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI KODIKUNNIL SURESH)

(a) Proposals for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the threshold limit from 20 to 10 under the Employees Provident Funds & Miscellaneous Provisions Act, 1952 are under consideration of the Government.

(b) A proposal for providing a minimum pension of Rs. 1000/- to member pensioners under Employees’ Pension Scheme, 1995 is also under consideration of the Government.
Source: rajyasabha.nic.in

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Enhancement of salary limit of Employees Provident Fund