EPFO Update: If your PF is being deducted while working in a private institution, then this news will be like a big gift. Do you know that PF employees can now easily fulfill their dream of getting a pension of Rs 10,000 per month. If your monthly basic salary is Rs 15,000, then you will be eligible to get Rs 10,000 till retirement.
To get monthly pension, you have to understand some important things, so that there is no problem. To become eligible for pension from EPFO, any member must be a member of EPS. If you also want to get the benefit of pension every month after retirement, then first you will need to read our article till the end, so that there is no problem.
How will you get pension every month from EPFO?
To get pension from EPFO, your service should be at least 10 years. Apart from this, the pension that PF employees will start getting, for this, the minimum age must be 58 years. The central government can soon give a big gift to PF employees, the possibilities of which are constantly increasing.
Union Labor Minister Mansukh L Mandaviya had indicated a few days ago that a decision can be taken to increase the basic pay limit of PF employees under EPF from Rs 15,000 to Rs 21,000. The government can make this big announcement by the year 2025.
How can one get a pension of Rs 10,000?
How will a PF employee get the benefit of a pension of Rs 10,000 every month. Suppose an employee joined the company in January 2015. At that time his basic pay limit was Rs 15,000. Now his basic pay limit can be changed. At the beginning of the year 2025, the government can increase the pay limit to Rs 21,000.
If an employee retires in 2049 after working for 35 years, he will easily get a pension of Rs 10,000. If total pension after 35 years of service = Rs 2,142.86 + Rs 7,500 = Rs 9,642.86 per month. In this way, on retirement, a pension of about Rs 10,000 will be easily available every month, which will be like a big gift. For information, let us tell you that this news has been published on the basis of news going on in the media.
