No plans to re-open higher pension window: EPFO CEO Ramesh Krishnamurthi
EPFO CEO Ramesh Krishnamurthi has confirmed that there are no plans to reopen the window for higher pension contributions under the current scheme. He emphasized that the new EPF scheme focuses on continuity and maintains existing contribution rates and wage ceilings.
Why it matters
This decision impacts millions of Indian employees planning for retirement and clarifies the government's stance on social security policy adjustments.
Allaying concerns raised by the trade unions that the Social Security Code and the newly drafted schemes of the Employees Provident Fund Organisation (EPFO) and its schemes will further shrink the social security ambit, the Chief Executive Officer (CEO) of the EPFO, Ramesh Krishnamurthi, said the EPF scheme 2026 is focused on continuity.
He said the core provisions of the EPS Scheme 1952, which was there for nearly seven decades, have not been touched. “The contributions remain at 12%. The wage ceiling as of now is also as per the earlier wage ceiling notified in 2014, which is ₹15,000. Earlier also this concept of voluntary PF contributions existed. Irrespective of the wage or the salary, most employers used to offer provident fund as a 12% of your wages. It’s not a new provision. There’s nothing which has changed. It’s always existed,” Mr. Krishnamurthi said.
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