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NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is looking to make it more attractive for its subscribers to stay invested in its Employees’ Pension Scheme (EPS) even as the government decides on raising the minimum pension payment for individuals who are currently entitled to get at least Rs 1,000 a month.

Sources said the retirement savings agency has set up a committee which is looking at multiple options to make EPS more attractive for the subscribers to stay invested in the scheme even if they switch jobs. “We are seeing if we can offer a choice to put more money into the pension scheme. Also we will see if incentives can be given,” said a source, who did not wish to be identified.

Employees have to contribute 12% of their basic pay and dearness allowance towards their EPF contribution, with a matching contribution…



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