A big plan is being made by the Center regarding the pension of the employees, after which there will be a bumper increase in the pension of all the employees. There is also talk of increasing the minimum salary of employees under EPFO. The government is going to take a big decision regarding the employees soon. Currently, the minimum salary of employees is Rs 15,000, which can be increased to Rs 21,000. After increasing the minimum salary of the employees, the pension will also increase.
The Center last hiked the minimum salary in 2014. At present, once again the government is making a plan to increase the salary of the employees. If the salary increases, then the share of pension and PF will also increase automatically. By increasing the minimum wage of the government, the contribution of the employees to the PF fund will also increase.
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