EPFO Update – While the year 2026 could prove to be a boon for central government employees, PF (Provident Fund) employees also have high hopes. PF employees have a strong possibility of seeing an increase in their minimum pension amount. PF employees are thinking that since the central government has implemented the NPS (National Pension System), good news regarding EPS (Employees’ Pension Scheme) will soon follow.
There are speculations that the minimum pension under EPS will be increased to Rs 6,000, which would be great news. However, nothing can be said officially yet, but such discussions are circulating in media reports.
When can the government make a decision?
The minimum pension amount under the Employees’ Pension Scheme may be increased to Rs 6,000, which will benefit everyone. The central government may take this decision in the next financial year, i.e., in April. Currently, the minimum EPS amount is Rs 1,000.
If it is increased to Rs 6,000, it will be an increase of Rs 5,000, which will certainly be a great benefit for the employees. Under EPS, PF employees are entitled to receive a monthly pension after retirement.
Currently, several lakh employees receive pensions. In 2014, the minimum amount was revised to Rs 1,000. Now everyone is eagerly awaiting the next revision, and a decision is expected soon.
When will the interest rate be announced?
The central government also provides interest to PF members every financial year. The big question remains: how much interest will be declared for the financial years 2025 and 2026? In the last financial year, the central government approved an interest rate of 8.25 per cent.
This year, this interest rate could be increased to 9 per cent. This means there could be an increase of 75 basis points. This decision is to be taken at the meeting of the Central Board of Trustees of EPFO, and various discussions are underway regarding this.