1.2 Lakh Persons Applied To Opt For Higher Pension Till March 9: Centre

1.2 Lakh Persons Applied To Opt For Higher Pension Till March 9: Centre

Many EPFO subscribers have been contributing on threshold wage of Rs 15,000 per thirty days. (File)

New Delhi:

As many as 1,20,279 individuals have utilized on-line to go for increased pension beneath Employees’ Pension Scheme 1995 (EPS-95) until March 9, 2023, Parliament was knowledgeable on Thursday.

In November final 12 months, the Supreme Court had requested the Employees’ Provident Fund Organisation (EPFO) to present 4 months time to subscribers in addition to pensioners to contribute on their precise salaries in direction of EPS-95.

Many EPFO subscribers have been contributing on threshold (pensionable wage) of Rs 15,000 per thirty days which is lower than their precise pay. This choice will allow beneficiaries to get increased pension ultimately.

“Till 09.03.2023, 1,20,279 purposes/ joint choices have been utilized on-line at Unified Portal of EPFO by the workers,” Minister of State for Labour and Employment Rameswar Teli mentioned in a written reply to Rajya Sabha.

The complete variety of beneficiaries in accordance with the instructions given within the Supreme Court judgement of November 4, 2022 will rely upon the workers exercising the joint choice and the variety of such workers who’re eligible, the minister defined.

The quantum of month-to-month pension payout for such pensioners will rely upon the variety of eligible members exercising the choice for pension at increased wage, he added.

As per directions issued by EPFO in accordance with the Supreme¬†Court’s judgment, the joint choice for pension on increased wages is obtainable to solely these workers the place worker’s and employer’s contributions have been on precise wage exceeding the prevalent wage ceiling and who didn’t train joint choice beneath para 11(3) of the pre-amendment EPS-95 (since deleted) whereas being members of EPS-95 and have been members previous to September 1, 2014 and continued to be members on or after September 1, 2014, he acknowledged.

In one other reply to the House, the minister mentioned that as on March 10, 2023, a complete of 28.64 crore unorganised employees have been registered on eShram portal.

As on March 31, 2022 a complete of three,250 representations have been lodged within the Grievance Management System claiming for unintentional deaths/ incapacity by eShram registrants, he added.

He additionally advised the House that as on March 13, 2023, 2.79 crore home and family employees have registered on eShram portal out of which 2.67 crore are girls.

In one other reply, Rameswar Teli mentioned as a step in direction of implementation of the all 4 Labour Codes, guidelines are required to be framed by the central authorities in addition to by state governments.

The central authorities and a variety of states/Union Territories (UTs) have pre-published guidelines beneath the 4 Labour Codes.

As per accessible info, 5, eight, eight and 10 States/UTs haven’t thus far pre-published draft guidelines beneath the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, respectively, he acknowledged.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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