The Employees’ Provident Fund Organisation will soon seek assistance from World Bank to assess the extent of deficit in the Employees Pension Scheme (EPS), which was pegged at over R50,000 crore in 2009-10 and is believed to have widened further. The EPFO is considering raising the minimum mandated basic salary limit to R15,000 per month from the present R6,500 and raising the contribution for EPS by 0.66% to close to 9% to narrow the EPS deficit, sources said, adding that a final decision would be taken after assessment by World Bank. “We are seriously concerned and we are going to find out what the actual deficit is, and find remedial measures,” central PF commissioner Anil Swarup told FE. He did n’t deny or confirm that the deficit has widened further. However,

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