A Significant Step Towards Strengthening Social Security for Millions of Workers
Under the leadership of Prime Minister Narendra Modi, the Union Cabinet has decided to increase the monthly wage ceiling for mandatory EPFO coverage from ₹15,000 to ₹25,000.
Key Highlights:
51 lakh+ additional employees may come under mandatory PF, pension, and insurance coverage.
Triple Social Security — Savings through EPF, pension benefits under EPS, and life insurance coverage under EDLI.
Greater Financial Security — Regular PF contributions can help strengthen long-term savings and retirement funds.
Boost to Formal Employment — This initiative can help bring more workers into the formal social security system.
Empowered workers, a secure future, and a stronger India. 🇮🇳
#EPFO #SocialSecurity #Employment #Workers #PMModi #ViksitBharat
