The prices of goods have increased day by day, the minimum pension has not increased. Under EPS-95 (EPS Pension), many elderly people are still getting only 1,000 rupees as pension. Will the amount of money change in the future? What is the central government thinking? Some questions were raised in the MP’s room.
Will the pension amount increase?
One of the topics of discussion in the MP was EPS. For ordinary employees, this EPS is a place of hope, because through this, they can get some money in their old age. But these days, it is almost impossible to live on 1,000 rupees. However, that is the rule of the central government. According to the rules set in 2014, an employee under EPS will get a minimum pension of 1,000 rupees, not less.
Ten years ago, 1,000 rupees may not have been much of a loss. But now? On average, all middle-class people know how many days 1,000 rupees lasts. Keeping in mind the current situation, that is, the inflation, the demand was made to the central government to increase the minimum pension to Rs 9,500. The government was also directed by the country’s Supreme Court to increase the pension. However, nothing has been done so far.
See More –Government tightens grip on taxpayers, new rules to be implemented from April 1, 2026, read details
What is the government saying?
When will the minimum pension increase? In response to this question, the central government has clearly stated that the minimum pension is not increasing right now due to lack of money. In support of its statement, the government has said that after examining the data as on March 31, 2019, it has been found that there is a huge shortage of money in the fund. Therefore, at the moment, it is not possible for the center to significantly increase the amount of pension or pay dearness allowance (DA).
Read Also –Budget 2026 – Get Ready to Trade on Holiday, Share Market Expect Volatility
However, the government has informed the Parliament that a review is underway on how to increase the minimum pension amount as per the court’s order. According to the current rules, to ensure the pension of a general employee, the employer, meaning the office where the employee works, allocates 8.33% of the employee’s salary for EPS and the government allocates 1.16% of its own funds.
Related Posts
Avijit
A digital media professional with 4 years of experience, skilled in online content creation, media and information work, his goal is to regularly bring updates on government projects, scholarships and jobs to his readers.
Related Stories
latest news
Education
Entertainment
Auto
Education
Business
Business
Auto
India
Education