PF Body's Rs 1,000 Minimum Pension to Benefit 32 Lakh Immediately

New Delhi: The government's decision to amend the Employees Pension Scheme, 1995 (EPS-95) run by EPFO to provide minimum monthly pension of Rs 1,000 will immediately benefit around 32 lakh pensioners who get less than this.

Earlier, estimates of EPFO had suggested that the immediate beneficiaries who were getting less than Rs 1000 every month would be 28 lakh while the total number of pensioners under the Employees' Pension Scheme (EPS-95) of Employees Provident Fund (EPFO) were 44 lakh.

"Out of the present 49 lakh pensioners of EPS-95 approximately 32 lakh pensioners are drawing less than Rs 1000 per month with a large number of them drawing less than Rs 500 per month," an EPFO order said.

Though the entitlement provided by the government under the EPS-95 was made effective on September 1, the pensioners getting less than Rs 1000 per month would be paid this much amount from next month onwards.