EPS-95 Scheme : In a long-awaited move, millions of senior citizens across India can finally breathe a sigh of relief as the government has approved a significant increase in the minimum monthly pension under the Employees’ Pension Scheme (EPS-95).
Starting soon, eligible pensioners will receive a minimum pension of ₹7,500, which includes Dearness Allowance (DA). This increase is the result of years of persistent lobbying, protests, and legal battles fought by pensioners’ associations, making it a landmark victory for retirees.
Minimum Pension Set to Rise to ₹7,500
The EPS-95 scheme, which covers employees who retired before 2004, had long been criticized for its low pension amounts. For some pensioners, the minimum pension was as low as ₹1,000 per month. However, the government’s recent decision to hike this amount to ₹7,500 with the addition of DA marks the end of years of struggle for a fair pension.
This change will directly benefit over 6 lakh pensioners who have been living on the minimum pension amounts that have barely kept pace with inflation. The inclusion of DA is particularly crucial as it ensures the pension amount will rise in line with the increasing cost of living, providing pensioners with more financial security.
DA Increase Ensures Pensions Keep Up With Inflation
One of the key features of this pension hike is the inclusion of Dearness Allowance (DA), which will be added to the revised pension amount. DA is designed to help retirees keep up with rising inflation and maintain their purchasing power. The increase in DA will ensure that pensioners are not left behind in the face of rising living costs.
According to official sources, the revised pension and DA will begin to be disbursed starting from the next financial cycle. The Employees’ Provident Fund Organisation (EPFO) is expected to release further guidelines detailing how payments will be made and outlining the eligibility criteria for the pension increase.
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A Win for Pensioners’ Associations and Retiree Unions
This major pension hike has been widely celebrated by pensioner and employee unions, who have long been advocating for a fairer pension system. For many, the increase is not just a financial boost but a recognition of the decades of hard work and contribution made by India’s workforce.
Many pensioners have fought tirelessly for this change, with some even taking their protests to the streets or going to court to demand a fair pension. The approval of this hike is seen as both a moral and political victory for the community, as it brings long-awaited relief to those who helped build the country.
What Should Pensioners Do Now?
Pensioners who are eligible for this increased pension must ensure that their records and KYC details are up to date in the EPFO system. This will help ensure that the disbursement process goes smoothly and that there are no delays in receiving the new pension amount. Pensioners are advised to stay updated with any further announcements through the EPFO official website and portal, where additional information on eligibility and payment procedures will be shared.
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Historic Decision: EPS-95 Pensioners to Receive ₹7,500 Monthly Pension with DA – EPS-95 Pensioners
The approval of the ₹7,500 minimum pension, including DA, represents a revolutionary change in India’s pension policy. For EPS-95 retirees, this increase is not only a much-needed financial boost but also restores dignity and respect to their lives in retirement. After years of struggle, pensioners across the country can now look forward to a more secure and dignified future.