'Over 17.4 lakh opted for higher pension on higher contribution'
Millennium Post Delhi|December 17 2024
EPS, 1995 is a Defined Contribution-Defined Benefit’ social security scheme: MoS of Labour Employment
'Over 17.4 lakh opted for higher pension on higher contribution'

NEW DELHI: As many as 17.49 lakh members of retirement fund body EPFO have applied for the option to contribute on their actual (higher) basic pay for eventually getting higher pension after an apex court order in November 2022, Parliament was informed on Monday.

Presently, these applicants are either contributing or contributed on fixed threshold of Rs 15,000 per month, irrespective of their higher actual basic wages.

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