EPFO Board to Discuss Raising Minimum Pension on November 19

The Employees' Provident Fund Organisation (EPFO) is set to meet on November 19th to deliberate on a proposal to increase the minimum pension amount under the Employees' Pension Scheme (EPS). This meeting comes amidst growing demands from pensioners and employee unions for a higher minimum pension, citing the rising cost of living and inflation. The EPFO board will likely review the current pension structure and consider various factors, including the financial health of the scheme and the impact on both employers and employees, before making a decision on the proposed increase. The outcome of this meeting will have significant implications for millions of pensioners who rely on the EPS for their retirement income.