EPF Pension Hike News: Employees of the Employees’ Provident Fund Organization (EPFO) may receive some good news before Diwali 2025. An increase in the minimum pension amount under EPF may be announced.
The Central Board of Trustees (CBT), the body responsible for making important decisions related to EPFO, is scheduled to meet in Bengaluru on October 10th and 11th. The proposal for a pension hike is expected to be passed at this meeting.
What is the current pension?
Currently, the minimum pension amount under the Employee Pension Scheme (EPS) is ₹1,000 per month. There have been calls for an increase in this amount for some time. According to media reports, the CBT may increase this amount to ₹2,500 per month at its meeting on October 10th and 11th.
There will be a change after 11 years!
The minimum pension under the Employees’ Provident Fund Organization (EPFO) Employee Pension Scheme (EPS-95) was revised 11 years ago. In 2014, the government increased it to ₹1,000 per month. It has remained unchanged since then. Given current inflation and the rising cost of living, employee organizations and pensioners’ associations have been demanding an increase for some time.
Lakhs of pensioners will get relief
According to reports, several pensioners’ associations are demanding an increase in the minimum EPF pension amount from ₹1,000 to ₹7,500 per month. However, CBT sources say that such a significant increase is unlikely to be agreed upon. Instead, a reduction in the pension amount to ₹2,500 per month could be considered. If the CBT approves this proposal, millions of pensioners will receive significant relief.
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