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News of relief for retired employees

An important information has been revealed for millions of retired employees across the country. Employees Pension Scheme (EPS-95) Under Minimum pension ₹ 1,000 Increased ₹ 7,500 per month There was a long demand to do it. Now in this direction Government and Parliament Standing Committee Serious efforts are being made by.

Introduction to Employees Pension Scheme (EPS-95)

Staff pension scheme (EPS) Establishment of 1995 It was done in, which is aimed at providing a certain monthly pension to the employees after retirement, so that their old age can be safe. the scheme EPFO (Employees’ Provident Fund Organization) Under this, qualified employees are given pension under it.

Year 2014 EPFO in minimum pension amount ₹ 1,000 per month Was determined, but since then this amount was not increased, while Dearness Has increased manifold.

Reason for demand to increase pension

Retired employees receiving pension under EPS-95 National committee And various Organizations Has repeatedly demanded that:

• To minimum pension ₹ 7,500 per month Let’s do.

• as well as DA (dearness allowance) To be added, so that the purchasing power of pension remains.

Many times Picket, demonstrations, memorandum and petitions Also given, but no concrete decision was taken till now.

recently Parliamentary Standing Committee Has taken this issue seriously and Third party evaluation to the Ministry of Labor Instructions of

Importance of third party evaluation

The Parliamentary Committee has said that to understand the current structure and fund situation of EPS Request for proposal (rfp) By releasing its Independent assessment Is necessary.

Under this process:

• The financial burden of EPS will be calculated.

• It will be seen how much economic impact the EPFO ​​will have to increase the minimum pension.

• From this Transparency in policy Will come and further strategy can be made.

This process has started and Completion are supposed to.

Previous effort

• In 2020EPS pension to pension Proposal to up to ₹ 2,000 Was sent to the Ministry of Finance, but Could not get approval,

• Now since the budget of 2024-25 Again this issue in discussion And it is expected that the government can take a positive decision in this direction.

Inflation and pension status

In today’s time for ₹ 1,000 Basic needs are also not met.
In the last 10 years:

• Prices of medicines increased.

• Food items became expensive.

• Healthcare and fare also became expensive.

In such a situation, a pension of ₹ 1,000 for an old citizen Can not be considered justified.

The parliamentary committee also believes that Rapid increase in cost of living Given the improvement in pension has become extremely necessary.

₹ 7,500 Pension Benefits

If the government to EPS pension Increases from ₹ 1,000 to ₹ 7,500So:

• Crores of elderly Financial relief Will get

• Health services and living The needs will be fulfilled better.

• Rural and lower income pensioners Economic self -sufficiency Will get

Identification of beneficiaries

The same employees come under EPS:

• Those who are associated with EPFO.

• Whose salary falls within the limit of EPS deduction.

• Those who have made the necessary contribution till retirement.

If the pension amount is increased, then its benefits Crores of retired employees receiving minimum pension Will happen

future prospects

Now everyone’s eyes are on:

• How long does RFP assessment report come?

• Government this report When does it accept?

• What else EPS pension increase in budget 2025-26 Do you get a place?

If the report comes positive then it is expected that By the end of 2025 or at the beginning of 2026 New pension rates can be implemented.