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Over 4 million Beedi workers likely to get relief on pension math
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Shiva Rajora New Delhi
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In a move that could benefit over 4 million beedi workers in nearly 8,000 establishments covered under the Employees' Provident Fund Organisation (EPFO), the Union labour ministry is going to examine classifying the beedi industry as 'seasonal' establishments. The move will relax the 'non-contributory period' (NCP) norms under the Employees' Pension Scheme, 1995 (EPS-95) for beedi workers, making it easier for them to qualify for pension benefits.
A non-contributory period (NCP) refers to a period when an employee is absent from work and does not receive wages. During such periods, no contribution is made to the employee's provident fund (PF)
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