PF monthly pension yet to be notified, may last only a year

Apr 21 2014, 12:04 IST
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Finance Ministry has called for an actuarial evaluation of the pension scheme to understand the financial implication on the higher EPF wage ceiling. Finance Ministry has called for an actuarial evaluation of the pension scheme to understand the financial implication on the higher EPF wage ceiling.
SummaryLabour ministry is yet to notify UPA's pre-poll largesse of minimum monthly pension to PF subscribers.

more employees coming into the formal sector, putting further pressure on the scheme that is already facing a deficit.

Some board members are understood to have also raised concerns over a possible rollback of the enhanced pension in case the actuarial evaluation was not completed in time or other modifications suggested by the finance ministry were not done.

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