GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO. 2659 TO BE ANSWERED ON 11.08.2021 CONTRIBUTION TOWARDS EPS 2659.
SMT. AMBIKA SONI: Will the Minister of Labour and Employment be pleased to state: (a)whether it is a fact that Government has not given its Employees' Pesnion Scheme (EPS) contribution to Employees Provident Fund Organisation (EPFO) during the last five years; (b)if so, the reasons therefor along with the quantum of pending arrears in this regard ason date; and (c)the corrective steps taken by Government in this regard?
ANSWER MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI RAMESWAR TELI)
(a) & (b): The details of funds released to the Employees’ Provident Fund Organisation (EPFO) during the last five years towards Government of India’s statutory contribution of 1.16 per cent under the Employees’ Pension Scheme (EPS), 1995 are as follows: Year Funds released (Rupees in Crore) 2016-17 3,525.00 2017-18 4,040.18 2018-19 3,900.00 2019-20 3696.67 2020-21 6027.61 As on 31.03.2021, there is a cumulative arrear of Rs.10,589.20 crore (provisional). (c): Keeping in view the trend, a provision of Rs. 6364 crore has been made in Budget Estimates 2021-22 towards Government of India’s statutory contribution under EPS, 1995.
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