EPF Update: Over Half of Pensioners Get Below ₹1,500, While These People Receive Above ₹6,000

The government told Parliament that every second pensioner under the Employees’ Pension Scheme 1995 (EPS-95) run by the EPFO gets a monthly pension of less than ₹1,500. This information was shared by Minister of State for Labour and Employment, Shobha Karandlaje.

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Data till March 31, 2025, shared by Minister Shobha Karandlaje, also showed that out of 81,48,490 pensioners under the EPS scheme, only 0.65 percent, or 53,541 pensioners, receive a monthly pension of more than ₹6,000.

Pension Numbers Under EPS-95

The Minister told the House that 49,15,416 pensioners get a monthly pension of only ₹1,500. This means almost every second person, or more than half of the pensioners, receives less than ₹1,500 per month.

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The number of pensioners getting less than ₹4,000 per month was 78,69,560. Those receiving less than ₹6,000 per month were 80,94,949.

Pension Amount and Hikes

The Minister also said that the total amount paid under the pension scheme increased from ₹22,112.83 crore in 2022-23 to ₹23,027.93 crore in 2023-24. Trade unions have asked to raise the minimum monthly pension under EPS-95 to ₹9,000. Currently, the minimum pension is ₹1,000.

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There is a question about whether the government will increase the minimum pension for private-sector employees. Recently, there was talk of raising it to ₹7,500. Right now, the minimum pension is only ₹1,000.

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