Government Reviews PF Wage Ceiling Amid Rising Salaries Across India

• Government is re-evaluating the Provident Fund (PF) wage ceiling, which has remained unchanged for years.
• The current mandatory PF contribution limit is Rs 15,000 per month, last revised in September 2014.
• Many workers, including those in low-paying jobs, now earn above this limit, reducing their social security coverage.
• The Supreme Court has urged the labour ministry to review the wage ceiling within four months, adding urgency to the matter.
• A higher cap would bring more workers under EPFO, leading to larger retirement savings and improved social security.

Why It Matters: Government reconsiders PF wage ceiling to expand social security coverage and boost retirement savings for workers.