EPS Pension Hike 2025 : In a major relief to lakhs of retired employees across India, the Centre is keen to step up the minimum monthly pension under the Employees’ Pension Scheme (EPS-95) from the present Rs 1,000 per month to Rs 7,500. This unwanted delay in achieving was necessitated after years of intermittent clamouring by pensioners and trade unions raising the plight of retirees with costs of living mounting and pension amounts remaining stagnant.
The scheme called Employees’ Pension Scheme was started under the act of 1995 by the EPFO to provide workers in the organized sectors with some sort of social security upon retirement. But, with the last revision in 2014, the minimum pension that could be considered adequate for common uses by pensioners has been Rs 1,000 per month. This is just an amount with which pensioners have always felt so grossly inadequate, considering the inflation, rising medical costs, and basic living expenses obviously confronted by him.
What The Core Of The Rs7,500 Pension Hike Means For Pensioners
The attractive pension being somehow hiked to ₹7,500 indicates a great departure in approach to post-retirement welfare pursued by the government. More than 78 lakh pensioners under EPS-95 were supposed to be benefited by this revision. Introduction of Dearness Allowance (DA) linked with All India Consumer Price Index (AICPI) is contemplated along with this revision. It will ensure that the pensions will move along with inflation from here on, something pensioners have long complained about.
This development brings financial and emotional relief to many senior citizens who have struggled to fill their basic needs with meager pension amounts. It also serves to recognize their decades of contribution to the Indian workforce.
Why The Hike Took So Long
Various pensioners’ organizations have in recent years repeatedly approached the government, with protests and petitions demanding the revision of minimum pension amounts. A parliamentary standing committee itself has most recently recommended a revision of the pension amount, insisting on a third-party evaluation of the EPS system and an objective and inflation-adjusted pension framework.
These efforts, however, started bearing fruit ruling greater pressure from the masses. Though the increase is yet to be notified, all signs point to a formal announcement coming shortly and being implemented within this fiscal year.
Implementation Timeline And What Pensioners Should Do
As soon as the revised amount gets official approval, it may get credited directly to pensioners’ registered bank accounts. Pensioners should ensure that their bank details and KYC documents are updated with the EPFO to avoid any delay.
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