A huge increase in pension under EPS-95 could be carried forward as a major issue for lakhs of pensioners throughout India under their EPS pension scheme. From the year 2025 onwards, the eligible pensioners under EPS-95 will get a bare minimum monthly pension of Rs. 7,500. This enormous increase can be of great help to the retiring population, who are battling with price rises and healthcare costs.
What New Is In The 2025 Pension Hike?
Earlier, many of the EPS-95 pensioners would get pensions as low as Rs. 1,000 to Rs. 2,000 per month. Under this new revised arrangement, all pensioners who are entitled shall receive a pension of Rs. 7,500 per month at the very least, which is over 200 percent for most.
It has been argued by numerous EPS-95 pensioner associations who have continually agitated for this hike that the pension was so small that it could not satisfy the bare needs of a single person to live. The acceptance of this hike by the government has been widely recognized as a step toward social justice and welfare.
Who Can Apply?
Those who want to draw revised a pension of Rs.7,500 are eligible:
- You need to have been an EPFO-retired member under the EPS-95 scheme.
- You should have worked for the minimum number of years.
- The pension account must be inactive and is verified with UAN and Aadhaar details verified.
What Shall A Pensioner Do Now?
Pensioners should automatically ensure that pension amount details are correctly reflected in the EPFO portal (https://www.epfindia.gov.in), that their UAN is active, and that their banking and KYC documents are updated. Concerning the revised amount, there is no need to submit any application separately.