The embattled UPA government is set to give a bonanza to 60 million workers in the organised sector. The minimum monthly pension for members of the Employees’ Provident Fund (EPF) could soon increase to Rs 1,000.
Currently, most EPF pensioners receive less than Rs 500 a month, but for some it is as low as 4 and 12. Union Labour Minister Mallikarjun Kharge has sought immediate measures to enable the first revision in workers’ pension income in 11 years – an annual bonus was last doled out in 2000.
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