EPFO Update – Private employee organisations whose PF is deducted have been demanding an increase in the minimum pension amount under the EPS for a long time. Employees and organisations demanded that their minimum pension amount be increased to ₹7,500.
There was hope that the government might slightly increase the minimum pension amount. However, during the winter session, the government issued a clarification on this demand that came as a shock. The government’s statement suggests that there will be no increase in the minimum EPS amount. The government minister’s response to a question asked by an MP can be found below.
The government clarifies whether the EPS amount will be increased or not
In the Rajya Sabha, an MP asked the government about discussions regarding increasing the minimum pension amount under the EPS. In response, Minister of State for Finance Pankaj Chaudhary made a surprising statement. He stated that the central government does not have any proposal under consideration to increase the minimum EPS amount.
This clearly means that they rejected the demand to increase the minimum EPS amount to Rs 7,500. This has deeply disappointed EPF members. They had been demanding this for a long time. It was hoped that the government would increase the minimum pension amount in Budget 2026, but now that seems unlikely.
What is the minimum EPS amount?
The minimum pension amount under EPS is Rs 1,000. The Central Government increased this amount to Rs 1,000 in 2014. Since the Central Government constituted the 8th Pay Commission, the demand for increasing the minimum EPS amount has gained momentum. However, it appears unlikely that any decision will be taken on this matter.
The government is in no mood to increase this amount at all. According to a report, approximately 78 million members are associated with the EPFO. The government provides interest on these contributions each financial year. Interest is given in EPF according to the amount deposited.