EPS-95, short for Employees’ Pension Scheme launched in 1995, will offer some respite to the pensioners in the proposed hike of minimum pension. After this, the increase would come in the year 2025, which could go as high as Rs 7,500 as a minimum pension for the retired person. This is to enable the post-retirement … Read more
Under the Unified Pension Scheme (UPS), the government guarantees a minimum pension of ₹10,000 for retired central government employees, starting in 2025. With this brilliant decision, pensioners are assured of some income stability against inflation and increasing costs of living. Highlight Of The Announcement Why Raise The Bar? Raising the floor was an outcome of … Read more
50 lakh central government employees and 65 lakh pensioners were expecting hike in salaries and pensions from January 2026 under the 8th Pay Commission. But the reports have started to flow in suggesting a postponement of the hike. This has dealt a major blow to the expectations of the employees and pensioners. The prime cause … Read more
Additionally, announcing an increment in Dearness Allowance for employees from 2% to 55%, which was earlier 53%, this is an increase in which the salary of employees will also increase. Although some employees call it a little according to the inflation rate, the effects will be starkly visible on their pay. So let’s know the … Read more
The Employees’ Provident Fund Organisation has come up with another important plan to further facilitate its members. The government is to introduce UPI (Unified Payments Interface) and ATM facilities for provident fund (PF) withdrawal within the next few months. This development is likely to fasten the process of withdrawing from millions of EPFO subscribers and … Read more
Rallying firm for the minimum pension demand of rupees 9000 under the Employees’ Provident Fund Organisation (EPFO), pensioners are winning their struggle for the improvement of a reasonable pension structure. Such demands have been advanced long ago by very many pensioners on the Employees’ Pension Scheme (EPS-95), arguing that the pension amount does not meet … Read more
The Employees’ Provident Fund Organisation (EPFO) members will have their fingers crossed about some important announcements that would prove to be a boon for millions of subscribers by March 31, 2025. One such member of the EPFO will get to understand the course of the change. 1. Pension Hike Probably The very minimum monthly pension … Read more
Employees’ Provident Fund Organisation (EPFO) has come forward with a recent notice regarding the payment of pension under the Employees’ Pension Scheme (EPS). Directly the citizens should extract, meaning it was supposed to be a matter of enriching the lives of many retired employees during their retirement years with a better financial cushion. Also, here … Read more
The government will consider the raising of the current minimum pension of ₹1,000 under the Employees’ Provident Fund Organisation (EPFO) to ₹7,500 in what is a very bold step and will benefit millions of pensioners. According to the proposal, it is intended to provide some respite to pensioners under the Employees’ Pension Scheme (EPS-95) and … Read more
Employees’ Provident Fund Organisation will announce some pension hike for millions of retirees and, as such, relief would be forthcoming from financial stresses for the pensioners who have relied on their EPFO pensions for sustenance after their retirement. Benefits Derived From EPFO Pension Increase: What Is The Increase In The Pension? The revised pension structure … Read more