EPF ACT 10 employees will now also apply to institutions

New Delhi: Some time ago the people of the great institutions of social security benefits, but now there as smaller institutions where 10 or more people in work now Facilities such as the EPF They can be.Government to bring such companies under the EPF Act is discussed.In the current situation, actually 20 or more employees are covered under the companies. EPF ACT under which the companies would cut their employees' provident fund.

 

Vishnu Dev Sai (Labour Minister) had said in the Rajya Sabha today in a written reply that EPF And Miscellaneous Act 1952 for coverage of employees under the minimum limit reduced from 20 to 10 under consideration of the Government 's. But to implement this proposal has not set a time frame. Vishnu Dev Sai told the Rajya Sabha stating how many people will benefit from this offer, it just could not be predicted. In another response to the Council evidence that the unorganized sector workers covered under provident fund scheme has no plans to go.

 

Employees Provident Fund Organisation runs several schemes for the organized sector employees, including Imployij Provident Fund Scheme, 1952 Imployij Imployij Deposit Linked Insurance Scheme Pension Scheme in 1995 and incorporated in 1976 EPFO also told employees that they have the latest government decisions take steps to implement. EPF monthly income of Rs 15,000 employees now bring the budget was announced. But the scheme run by the Employees Provident Fund Organisation under EPS 95 minimum pension amount has been increased to Rs 1,000. Organization to ensure employees are asked to follow these two.