Pension and Salary Update: If you too are waiting to increase your pension and salary (Pension Hike), then there is good news for you. The Central Government is now going to increase the pension and salary of lakhs of employees.
Pension and Salary Rules: If you too are waiting to increase your pension and salary (Pension Hike), then there is good news for you. The Central Government is now going to increase the pension and salary of lakhs of employees. In the year 2023, there is going to be a bumper increase in the pension of the employees. An order has been issued by the government regarding this. Central government employees are going to get big money this year. At this time, there is a war going on across the country regarding the old pension. Meanwhile, the government can take a decision to increase the pension of the employees.
There is an ongoing demand for restoration of old pension.
The demand for restoration of old pension is going on fast across the country at this time. In the midst of all these demands, the government can increase the minimum salary limit of the employees. This year the government can increase the salary of the employees. According to media reports, the minimum salary can be increased from 15,000 to 21,000.
Contribution of Provident Fund will increase
Let us tell you that after increasing the minimum salary limit of the employees, there will be a bumper increase in the pension as well. Before this, last time in the year 2014, the government had increased this limit. At present, in the new year, the government is planning to increase the salary once again. With the increase in salary, the contribution to PF will also increase and at the same time the pension will also increase.
How much will the contribution of PF increase
Talking about the contribution of Provident Fund, the minimum salary is calculated at Rs 15,000, due to which only a maximum of Rs 1250 can be contributed to the EPS account. If the government increases the salary limit, then the contribution will also increase. After the increase in salary, the monthly contribution will be Rs 1749 (8.33% of Rs 21,000).
