New Delhi: PF employee organisations have long been demanding an increase in the minimum pension amount under the Employees’ Pension Scheme (EPS); however, no concrete assurance has yet been received from the government. Nevertheless, some minor relief regarding the Employees’ Pension Scheme was indeed provided this past Tuesday.
A parliamentary panel has recommended an immediate review of the minimum pension amount—currently set at ₹1,000—under the Employees’ Pension Scheme, 1995. This would allow for an increase in the amount based on actual needs. For quite some time, employee organisations have been demanding that this minimum be raised to ₹7,500—a move that would prove to be a significant boon. However, no official statement has been issued by anyone regarding this matter as of yet.
Demand Also Raised at Jantar Mantar
Regarding the Employees’ Pension Scheme, 1995—administered by the Employees’ Provident Fund Organisation (EPFO)—a three-day protest was staged at Jantar Mantar starting March 9. The protest aimed to press the demand for increasing the minimum monthly pension for beneficiaries to ₹7,500 in the near future.
In its 15th report on the ‘Demands for Grants (2026-27)’ of the Ministry of Labour and Employment, the Parliamentary Standing Committee on Labour, Textiles, and Skill Development noted that the minimum pension of ₹1,000 per month under the Employees’ Pension Scheme, 1995, has remained unchanged for a considerably long period, despite rising inflation. Meanwhile, the cost of living has continued its upward trajectory. In light of these factors, the demand to increase the minimum pension amount under the Employees’ Pension Scheme is gaining significant momentum.
Committee Receives Numerous Representations
The Committee has received a multitude of representations demanding an increase in the pension amount under the Employees’ Pension Scheme. These appeals highlight, in particular, the financial hardships faced by elderly and economically vulnerable beneficiaries. The Committee also took note of the Ministry of Labour and Employment’s observation that the Government of India is already providing financial assistance to this scheme, which includes a contribution of 1.16 per cent for existing members of the Employees’ Provident Fund Organisation, as well as budgetary support aimed at ensuring a minimum pension of ₹1,000 per month.
However, the Committee pointed out that it is its considered view that the current minimum pension amount is inadequate to meet even the basic needs of the pensioners.