EPS-95 Pension Big Update: ₹7,500 Minimum Pension Could Be a Reality Soon
Written By: Mobin
EPS-95 pension is an important source of financial support for retired employees in India. It helps them meet their everyday needs.
Importance
Currently, EPS-95 pensioners get a minimum monthly pension of Rs 1,000, which is very less compared to inflation and rising costs. Which the government should increase.
Current
Talking about the demand, pensioners' organizations and unions have demanded to increase the minimum pension to Rs 7,500, so that they can live a respectable life.
Demand
The government has started considering increasing the EPS-95 minimum pension to Rs 7,500. This move will be a relief for millions of pensioners.
Government
If this proposal is passed, pensioners will get financial security and their lifestyle will improve. And it will be auspicious
Benefits
According to an EPFO report, this proposal is under discussion. It is expected to be approved soon.
Discussion
Increasing the minimum pension will increase the purchasing power of pensioners and they will be able to face inflation better.
Effect
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