Good News For EPFO Members, Minimum Pension May Hike to Rs 7500: An EPFO is going to make a very big announcement regarding the increment of EPs 95. A resolution will be passed soon on this issue which has been hanging for a long time and EPS 95 will get an increment. As soon as this proposal is passed, There will be a huge increment in pension amounts. At present pension is being given ₹1000 under EPS 95, in such a situation, it is expected that in the coming time, the pension amount will increase to ₹7500 under EPS 95. EPs 95 to be raised by the government.
Every employee working under the Employee Provident Fund Organization has to pay the contribution for pension funds from his salary under the Pension Fund Scheme, in which 12% is contributed by the employee. The same 12% is contributed by the employer. Out of this entire amount, 8.33% is transferred to the pension scheme. The remaining 3.67 % share is deposited in EPS 95. Under the EPS 95, the amount cut off from the salary of the employee is paid as pension. Currently, under EPS 95, each employee is getting an average pension of Rs 1450, while pensioners are given a pension of this EPS 95 to only ₹ 1000. In such a situation, due to increasing inflation rate, employees are now demanding to increase this pension amount to ₹7500.
Good News For EPFO Members, Minimum Pension May Hike to Rs 7500
A huge news is also coming out on this whole issue from the Employment Provident Fund Organization. It is being said that in view of inflation rate and market price hikes EPFO will soon take the decision on EPs 95 and the minimum pension is considered to increase to 7500 and a proposal will be passed soon.
The national movement on this entire issue was also formed some time ago. Employees were constantly protesting on the matter since last year, Where the entire pensioners across the country were united and raising their demands in one voice. In view of this, the issue was also raised in the cabinet and now it is expected that under EPS 95 the minimum pension amount will be given up to 7500.
What is the difference between EPF and EPS 95?
EPF and EPS 95 are the types of retirement benefit schemes of employees. Employees and employers both contribute to this EPF and EPS 95 fund . While the amount of EPF is given to employees in the form of provident fund, and the amount of the Eps 95 is provided as pension to the employees. That is, the amount which gets deducted from the basic salary of the employees is returned to the employees in the form of EPS 95. Currently this amount is only up to ₹ 1000, which is much lower than inflation rate.
IGNOU NSP Scholarship 2025: छात्रों को उच्च शिक्षा के लिए मिलेगी छात्रवृति, जाने पूरी जानकारी
Why the employees have raised this demand?
From last 10 years An amount of ₹ 1000 is being given under Eps 95 . No amendment has been made in this scheme for 8 years. In such a situation, in view of daily rising inflation and the cost of living, about 78 lakh pensioners decided to make a national movement and started the protest. In 2024 last year, protests were started on the issue and finally the government had to take a concrete decision on the entire matter. However, the government has not yet officially confirmed this. But the employees are hopeful that the government now soon EPS 95.
Due to this national movement launched by 78 lakh pensioners, the government Will soon increase the pension amount. If this happens, the employees will get up to 7500 instead of the minimum pension of ₹ 1000.
Finally after a long protest of 8 years results have arrived
All central government employees across the country are getting a monthly pension of Rs 1450 under Eps 95 , they say that this pension amount is very low. For the last 10 years, running home on such a low pension amount, to bear the expenses of medicine, has become very difficult. In such a situation, considering the demand of employees ,it is the responsibility of the government that the government should increase the pension amount.
Elderly retired employees can now have decent life
Under the EPS 95, almost all the employees receiving pension up to ₹1000 are elderly and only ₹1000 proves to be quite low to live for such elders. The government should ensure that all the elders under the same policy can get the amount worth living with at least self -respect. In such a situation, it is constantly being emphasized that the pension amount should be raised from ₹ 1000 to 7500 per month so that in this era of inflation, retired elderly employees do not have to face problems for daily expenses and do not have to depend on anyone else.
AICTE Saksham Scholarship 2025: छात्रों को मिलेगी 25000 की छात्रवृति, ऐसे करें आवेदन
BSKY Nabin Card Online Apply at bsky.odisha.gov.in, Deadline Extended- Check All Details
Conclusion
Overall, all the employees are hopeful that the government will take some strong decisions on this matter and by the end of the year 2025, the minimum pension amount of EPS 95 will be increased from ₹1000 to ₹7500.
