EPFO Minimum Pension: The Employees Provident Fund Organization (EPFO) has given big good news to crores of pensioners in the country. Now the minimum pension amount under the Employees’ Pension Scheme (EPS) has been increased from ₹ 1000 to ₹ 7500. This new system has come into effect from May 2025 and is being considered a historic step towards social security.
This decision has brought great relief, especially to those employees working in the private sector who were living on a very little pension after retirement. This article will give you detailed information about this unprecedented increase, the benefits of DA (Dearness Allowance), the necessary conditions to get a pension, and how to check your pension status.
Bumper hike in minimum pension
From 2014 till now the minimum pension amount under EPS was ₹1000, which was very less according to the current inflation. But now EPFO has increased it to ₹7500. About 65 lakh pensioners will get the benefit of this change.
This decision will prove to be especially beneficial for those who have now retired after working in private companies for a long time and whose lives were being affected due to inflation. Now they will get a respectable amount every month, which will make their financial condition a little stable. This increase will become a support for their old age.
Now you will also get Dearness Allowance
EPFO has not only increased the pension amount but now Dearness Allowance (DA) will also be given to pensioners. Earlier this facility was available only to government employees, but now EPFO pensioners will also get its benefit.
Dearness Allowance keeps increasing from time to time on the basis of inflation, due to which the pension amount will also keep increasing accordingly. This means that now the income of pensioners will increase according to inflation and they will be able to run their daily expenses easily. This decision will be extremely helpful in maintaining their purchasing power.
Necessary conditions for getting a pension
Some important conditions have been fixed to get the new pension of ₹7500. First of all, the person taking the pension should be a registered member of EPFO. Also, he should have at least 10 years of job experience and the retirement age should be 58 years or more.
Aadhaar and bank account should be linked to EPFO and it should also be kept in mind that the pensioner is not taking advantage of any other government pension scheme. Only those who fulfill these conditions will get the benefit of the new pension amount. This ensures that the benefits reach the right hands.
How to check your pension status
If you want to know the status of your pension, then you have to visit the official website of EPFO epfindia.gov.in. Click on ‘Pensioners’ Portal’ and enter your Universal Account Number (UAN) or PPO number. Along with this, you can easily check the status of your pension by entering Aadhaar and bank details.
In case of any problem, you can also contact the nearest EPFO office or service center. Apart from this, it is also necessary to submit the Jeevan Pramaan certificate (Digital Life Certificate) on time through the Jeevan Pramaan app. These processes have been made completely smooth for pensioners.
The financial burden on the government will increase
This decision will put an additional financial burden of about ₹10,000 crore on the government! EPFO and the government are jointly making changes in the budget to manage this amount. Some experts believe that giving such a huge pension will put pressure on the funds of EPFO and its stability may be affected.
However, the government is considering this step as a necessary initiative towards social justice and economic equality. Also, by the end of 2025, the scheme will be reviewed by an independent agency so that it can be improved further. This decision reflects the government’s commitment to the people.