Big news for EPFO members. The EPS-95 pension scheme from the Employees’ Provident Fund Organization (EPFO) has been a hot topic for quite some time. Pensioners have been advocating for an increase in the minimum pension to ensure they can maintain a decent standard of living.
Recently, it was announced that the minimum pension under EPS-95 has been raised to Rs 7500, along with the approval of additional allowances. This news has sparked joy among millions of employees and pensioners. In this article, we’ll dive into the details of this decision and explore its impact on pensioners’ lives. For years, employee organizations have been pushing for a hike in the minimum pension, as surviving on just Rs 1000 was incredibly tough.
The government has finally responded to these calls, and the increase to Rs 7500 will provide significant financial relief, allowing pensioners to enjoy a better quality of life. This move is seen as a major achievement for the Modi government, directly benefiting countless individuals.
Minimum Pension of Rs 7500 in EPS-95
The EPS-95 pension scheme has officially raised the minimum pension from Rs 1000 to Rs 7500. In addition, pensioners will receive a dearness allowance and access to free medical services. Approximately 78 lakh pensioners will gain from this change.
Push for Higher Pension
BS Rawat, the General Secretary of the EPS 95 National Struggle Committee, emphasized the importance of including a dearness allowance alongside the new minimum pension of Rs 7500. Commander Ashok Raut, the National President of the EPS 95 National Movement Committee (NAC), has also met with the Finance Minister to advocate for the minimum pension and free healthcare services.