DMK member T. R. Baalu on March 14 slammed the government for lowering the interest rate on Employees' Provident Fund deposits to 8.1%.
Raising the issue during Zero Hour, Mr. Baalu also demanded that the Centre restore the interest rate on EPF deposits to 8.5% and fix the minimum pension under the employee pension scheme at ₹3,000 per month. Mr. Baalu, who represents Sriperumbudur in Lok Sabha, said the seventh pay commission had recommended ₹18,000 as minimum wage and ₹9,000 as monthly pension.
