Update April 2017: The proposal to increase the PF wage ceiling to Rs 25,000/- was listed for the EPFO’s trustees’ meet held last 30th March, 2017, Thursday.
EPFO trustee D L Sachdev said, “The proposal to hike PF wage ceiling to Rs 25,000/- was deferred due to the lack of time and would be taken up at another meeting being planned for later this April, 2017,”
Earlier in the last month Employees Provident Fund Organisation proposed to increase PF Wage Limit for its coverage to Rs 25,000/- from Rs 15,000. The proposal was submitted before Labour Ministry for its final approval.
The apex decision making body of the EPFO — the Central Board of Trustees (CBT), headed by the Labour Minister — is scheduled to meet on Monday (December 19).
According to the sources the Central Board of Trustees (CBT) is likely to discuss and approve the proposal to increase the monthly wage ceiling to 25,000 for coverage for providing provident fund, group insurance and pension in its trustees’ meet at Bengaluru on 19th December, 2016.