For a long time, the Employees’ Provident Fund Organization (EPFO) pensioners covered by EPS-95 scheme have been receiving a minimum monthly pension of ₹1,000. However, this sum has become quite inadequate for the elderly due to the high inflation rate, the necessity of expensive medical treatments, and the intensifying financial burdens of living. The associations of retired workers, along with trade unions have, time and again, put their case with the government demanding thus the minimum pension be increased to a more acceptable amount. A number of proposals put forward in recent years vary the monthly pension from ₹3,000 to ₹7,500 to aid the poorest of the pensioners.
Proposed Pension Increase For 2025
The EPFO, as reported by a few news sources, is toying with the idea of boosting the monthly minimum pension under EPS-95 from ₹1,000 to ₹2,500 per month. Even though the amount proposed by the EPFO is still way below the figure that has been demanded by the pensioners, yet it is a good start towards extending better financial support to the retired workforce. The primary goal of the increase is to provide the retired population with at least a basic safety net so that they can cater to their daily needs, especially for the basics like food and medicine, without much difficulty.
Government’s Stand On Pension Revision
The government has not yet given the green signal to any pension rescaling to a level beyond the current ₹1,000 despite countless proposals and vigorous persuasion from the pensioners’ associations. Recent statements made in Parliament have shown that the matter is still very much alive but being deliberated upon. The course of the active discussions and the rising public demand all point to a change of the government’s stand on the issue, possibly very soon. It is expected that once the pension increment is approved, it will be applicable everywhere, will be credited to the bank accounts of the current EPS-95 pensioners directly, and hence be effective immediately.
Who Will Benefit From The Increased Pension?
The proposed pension revision will be extended to all the EPS-95 pensioners who meet the eligibility criteria and have served the compulsory minimum period and made their contributions to the Employees’ Pension Scheme in the course of their working life. Family pensions, widow’s and disability pensions under EPS-95 may also see new tariffs provided the government concludes the new rates. No application will be required from the beneficiaries, but they should verify that their KYC details like Aadhaar, bank account, and mobile number are correctly listed in the EPFO records.
What Pensioners Should Do Now
The increase in the pension has not yet come into effect but retirees are advised to watch for the official EPFO notifications and stay updated. Accurate maintenance of KYC details will prevent inconveniences once the revised pension amount is sanctioned. Pensioners are also encouraged to be abreast with updates from the Ministry of Labour, EPFO portals, and reputable news sources.
Also Read: EPFO New Rules 2025: Key Changes In PF, Pension & KYC Every Member Must Check