Pension and Salary Rules: There is great news for government employees (Central Government). On the new year, the government is going to increase the pension of employees in ( Pension Update). If you are also an employee, then your salary may also have a bumper increase. Your earnings are going to increase in the year 2023. Let me tell you that there is talk of implementing old pension scheme in the country these days. Let us tell you under which plan the government is going to increase salary and pension.
Lottery will be engaged by employees
Let me tell you, in the midst of the demand for old pension reinstatement, the government is planning to increase the minimum salary limit of the employees. In the year 2023, there is going to be a big lottery of employees. It is believed that the government will increase the minimum salary from Rs 15,000 to Rs 21,000 directly.
PF contribution will increase
Let me tell you that after the increase in the new salary limit of employees, the pension will also increase. Earlier, in the year 2014, the government increased this limit for the last time. Currently, the government is planning to increase salary once again in the new year. Increasing salary will also increase the contribution of PF as well as increase in pension.
How much will the contribution of PF increase
Talking about the contribution of Provident Fund, the minimum salary is calculated at Rs 15,000, due to which only a maximum contribution of Rs 1250 is made in EPS account. If the government increases the salary limit, then the contribution will also increase. Monthly contribution will be 1749 rupees ( 8.33 per cent of Rs 21,000 ) after salary increases.