NEW DELHI: Retirement fund body EPFO may soon allow its subscribers to contribute voluntarily towards its pension scheme in addition to their employers' mandatory contributions. Thus the employees should have an option to contribute more towards the pension scheme. "We are considering a proposal to allow employees to contribute towards 'EPS 95' for getting enhanced benefits after retirement. However, government has fixed minimum monthly pension of Rs 1,000 under the scheme. "The unions have been demanding indexing of pension and a minimum monthly benefit of Rs 3,000 under the scheme.

Source: Economic Times June 13, 2016 12:16 UTC