What significant liability does EPFO face due to demands for higher pensions, and how are workers and pensioners responding to it
Challenges concerning pension payments and reactions from workers and pensioners regarding the EPFO's financial obligations.
- EPFO faces significant liability due to demands for higher pensions primarily because of changing demographics and increased life expectancy of pensioners.
- Workers and pensioners are responding by demanding revisions in pension schemes to ensure their financial security post-retirement.
- Challenges concerning pension payments include ensuring sustainability of the pension fund amidst increasing demands and shifting economic conditions.
- Workers and pensioners are advocating for better fund management and investment strategies by EPFO to maximize returns and meet pension obligations.
- Reactions from workers and pensioners highlight the need for transparency and accountability in handling pension funds to safeguard their interests effectively.
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2 months ago