If you do a job, your PF will be deducted and the company will deposit the same amount in your account. In such a situation, you get a good fund at the time of need. In such a situation, now not only government employees but also employees working in the private sector are going to benefit before the new year.
Will get pension
The government has directed that the pension of private employees is going to increase before the new year. Let us tell you that recently the government has implemented the UPS system. However, only government employees benefited from its implementation. But it is being told that the government is going to approve the increase in basic salary in EPFO very soon. Due to which employees working in the private sector will also get a pension of Rs 10,500 per month after retirement.
Demand for increase in salary limit
The Labor Ministry has recently sent a proposal to the Finance Ministry, in which it is clearly stated that the pension of employees which is currently being calculated from Rs 15000 should now be increased to Rs 21000.
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