New Delhi. Big news can come for EPFO members today. Modi government (Modi government) The minimum pension amount of PF account holders can increase soon.
According to media reports, the meeting of the Central Board of Trustees of EPFO is going to be held on November 20. Many big decisions have to be considered in this meeting. The main agenda of the meeting is to increase the minimum amount of pension and take a decision on interest rates.
EPFO has issued a circular for the Central Board of Trustees (CBT) meeting to be held in Delhi on 20 November 2021. Agenda has also been issued for the members attending the meeting. It is expected that a decision can be taken in this meeting regarding interest rates and minimum pension. The last meeting of the CBT was held in March in Srinagar. The CBT had recommended an interest rate of 8.5 per cent per annum on EPF deposits in the accounts of members for 2020-21.
Pension can be so much
According to media reports, the central trade unions have demanded an increase in the existing minimum pension from Rs 1,000 to Rs 6,000, while the Central Board of Trustees or CBT may increase it to Rs 3,000. The controversial issue of investing EPFO money in private corporate bonds will also be a topic of discussion in the meeting. Also, a decision can also be taken on the issue of what should be the interest rate of the pension fund for 2021-22.
Minimum Pension
CBT may decide to increase the minimum pension to Rs 3,000. The trade union is demanding to increase it. It is believed that the current interest rate of 8.5 percent on the amount deposited in EPF can continue. There is little chance of any change in the current interest rate.
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