EPF Salary Limit Hike After Decade: Millions Await Retirement Reform.

• The compulsory EPF salary limit of Rs 15,000, set a decade ago, is under review due to outdated salaries and cost of living.
• Private sector workers and unions are demanding an increase to the EPF salary limit, with proposals ranging from Rs 25,000 to Rs 30,000.
• Raising the limit could bring over one crore additional workers into the mandatory EPF and pension system, enhancing their financial security.
• The government acknowledges the need for change but states any revision requires consultation with trade unions and industry bodies.
• An increased limit would boost long-term savings and post-retirement pension benefits for covered employees, while also affecting take-home pay and employer costs.

Why It Matters: Raising EPF limit could secure retirement for millions of private workers.