It might be the year 2025 that would turn out to be significant to the government pensioners as it is declared that Employees’ Provident Fund Organisation (EPFO) would offer pension hike. For a long time, EPS-95 pensioners were insisting that minimum pension is increased and finally the government has given heed to their demands. This decision will be inclined towards the benefit of lakhs of pensioners and will contribute in increasing their financial strength.
Calculation And Potential Benefits Of Pension Hike
The government has recommended an increase of the minimum pension under the EPS-95 from ₹ 1,000 to ₹ 7,500 per month. Besides this dearness allowance (DA) will also be incorporated in the pension that will further ease to the pensioners. There is a huge increment that will ensue in the monthly earnings of pensioners in case this proposal has been adopted. For instance, if a pensioner earlier received ₹ 1,000, now he is able to receive up to ₹ 7,500 in pension that will improve his financial stand.
Government’s Stance And Future Prospects
The National Movement Committee for EPS-95 Pensioners met to the Finance Minister Nirmala Sitharaman on 10-01-2025 and demanded minimum pension should be increased to ₹ 7500. Apart from this, they also called for dearness allowance and free medical treatment for pensioners. The government has promised to take into consideration these demands sympathetically.
Other than this, the government is also thinking about raising the salary ceiling of EPFO from ₹ 15,000 to ₹ 21,000. This will result in more employees coming under the purview of EPFO, hence receiving more pension.
Dearness Allowance And Additional Benefits
With the inflation in view, the government has made a decision to provide DA to pension. This will raise the pension from time to time thus keeping purchasing power of the pensioners. Besides that, EPFO has relaxed the restrictions related to the withdrawal of payment, and beneficiaries shall find it easy to draw payments for home purchase, medical emergencies, and tuition fee.
Conclusion
EPFO Pension Hike 2025 has come as a big relief to the pensioners. When pension is increased up to ₹ 7,500 and dearness allowance is added, their monthly income will be increased. This move of the government will have a direct impact on a number of lakhs of pensioners, and this will better their financial position.
Now everybody is waiting for the final decision of the government. In case this proposal is adopted, EPS-95 pensioners will have a chance to be living a decent life. This action of the government will ensure financial backing to the pensioners and enhance their lifestyle.
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