The Narendra Singh Tomar-led labour ministry has notified the much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO (Employees' Provident Fund Organisation), a move that will benefit lakhs of pensioners and workers across the country. The changes will be effective from September 1.
Source - http://economictimes.indiatimes.com
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