When Government will implement this verdict and instruct the EPFO to take actions for giving higher pension

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GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

RAJYA SABHA

UNSTARRED QUESTION NO. 1855

TO BE ANSWERED ON 22.12.2022

SUPREME COURT VERDICT ON EPF PENSION SCHEME

1855. SHRI ELAMARAM KAREEM:

Will the Minister of Labour and Employment be pleased to state:

(a)whether Government is aware about the Supreme Court verdict of 4th November on EPF Pension Scheme;

(b)by when Government will implement this verdict and instruct the EPFO to take actions for giving higher pension; and

(c)the quantum of the corpus fund available with the EPFO till date?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT

(SHRI RAMESWAR TELI)

(a) & (b): Yes, Sir. The directions of the Hon’ble Supreme Court in the judgment are under examination.

(c): The details of the corpus available with the Employees’ Provident Fund Organisation, as on 31.03.2022, are as under:

Sl. No.                      Name of the Scheme                                                Amount (Rs. In crore)
1                               Employees’ Provident Fund Scheme,                      1952 11,37,096.72
2                               Employees’ Pension Scheme, 1995                         6,89,210.72
3                               Employees’ Deposit-Linked  Insurance Scheme,    1976  37,828.56
                                                                                                    TOTAL 18,64,136.00 




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