EPFO Guaranteed Minimum Pension 2025: ₹7,500 Under EPS Soon
Formfees
01/03/2025
Table of Contents
EPFO Guaranteed Minimum Pension 2025 -UNDER THE EPF SCHEME, EMPLOYEES CONTRIBUTE 12% OF THEIR BASIC SALARY TO THE PROVIDENT FUND, WITH EMPLOYERS MATCHING THIS CONTRIBUTION. OUT OF THE EMPLOYER’S SHARE, 8.33% IS ALLOCATED TO THE EMPLOYEES’ PENSION SCHEME (EPS), WHILE THE REMAINING 3.67% IS ADDED TO THE EMPLOYEE’S EPF ACCOUNT.
There has been a long-standing demand to increase the minimum pension for private sector employees under the Employees’ Provident Fund Organisation (EPFO).In September 2014, the government set the minimum pension at ₹1,000 under the Employees’ Pension Scheme (EPS), which is managed by the EPFO.
Under the EPF scheme, employees contribute 12% of their basic salary to the provident fund, and employers match this amount. From the employer’s contribution, 8.33% goes to the EPS, while the remaining 3.67% is added to the employee’s EPF account.
Latest Updates on EPFO Members Key Demands
EPFO Guaranteed Minimum Pension 2025 – The EPS-95 Agitation Committee, a group representing pensioners, has said that Union Labour Minister Mansukh Mandaviya has promised to take action on their demands, including an increase in the minimum pension under EPS-95. According to the committee, the government has taken a positive approach to the long-pending demands of over 78 lakh EPFO pensioners across the country.
Besides raising the minimum pension, the pensioners’ group is also demanding free medical facilities for retirees and their spouses and correction of errors in applications for higher pension benefits. The EPS-95 National Agitation Committee (NAC), which has been fighting for pensioners’ rights for years, said recent talks with the government have given hope that the minimum pension under EPS-95 will finally be increased after 10 years.
Official EPFO Announcements Pension Updates & CBT Meeting Decisions
| Heading | Details |
|---|---|
| Important Links | Relevant links to official EPFO announcements, pension updates, and CBT meeting decisions. |
| How to Get Benefit | Steps to claim increased pension, DA benefits, and medical facilities for retirees. |
| See the Complete Nature | Overview of the proposed pension changes, including eligibility and expected implementation. |
| List Has Been Released | Official list of pension beneficiaries, new pension rates, or revised interest rates. |
EPFO Update: Govt Plans to Increase Minimum Pension Under EPS
EPFO Guaranteed Minimum Pension 2025 The government is considering a revision of the minimum pension under the Employees’ Pension Scheme (EPS-95), which is managed by the Employees’ Provident Fund Organisation (EPFO). This comes in response to long-standing demands from pensioners and employees for an increase in pension benefits.
Current Minimum Pension Under EPS-95
- The minimum pension under EPS-95 was last revised in September 2014, when the government set it at ₹1,000 per month.
- The pension amount has remained unchanged for nearly 10 years, despite rising living costs.
- Over 78 lakh pensioners under the EPS-95 scheme have been pushing for an increase.
Demands from Pensioners
The EPS-95 National Agitation Committee (NAC) and other pensioners’ groups have been advocating for:
- An increase in the minimum pension amount to at least ₹7,500 per month.
- Free medical facilities for pensioners and their spouses.
- Correction of errors in applications for higher pension benefits.
Government’s Response
- According to reports, Union Labour Minister Mansukh Mandaviya has assured the pensioners’ body that the government is looking into their demands.
- The Finance Ministry is also reviewing the financial implications of increasing the pension amount.
- Discussions between the government and pensioners’ representatives have raised hopes that a revision may happen soon.
Why a Pension Increase is Important
- With inflation and rising expenses, many pensioners find it difficult to manage with just ₹1,000 per month.
- A higher pension would provide better financial security and dignity to retired employees.
What’s Next
- The government is expected to take a decision on the EPS-95 pension hike in the coming months.
- If approved, the revised pension amount will benefit millions of retired private-sector employees across India.
Will the Minimum Pension Increase in 2025
EPFO Guaranteed Minimum Pension 2025 Ahead of Budget 2025, a group of EPS-95 retired employees met Finance Minister Nirmala Sitharaman to demand an increase in the minimum pension to ₹7,500 per month and the addition of Dearness Allowance (DA). According to the EPS-95 National Agitation Committee (NAC), the Finance Minister assured them that their demands would be considered.
For the past 7-8 years, pensioners have been requesting:
- An increase in the minimum pension from ₹1,000 to ₹7,500.
- Dearness Allowance (DA) benefits to adjust for inflation.
- Free medical facilities for retired employees and their spouses.
The government is now reviewing these demands, and pensioners are hopeful for a positive announcement in Budget 2025.
What Major Decisions Are Expected at the CBT Meeting
The Central Board of Trustees (CBT) of EPFO is the highest decision-making body of the organization. It is led by the Union Minister of Labour and Employment and includes representatives from employer associations, trade unions, and government officials from both central and state governments. One of the key discussions at the meeting is likely to be the interest rate for EPF accounts.
How is the EPF Interest Rate Decided?
- EPFO proposes the interest rate for the financial year.
- CBT reviews and approves the proposed rate.
- The Finance Ministry gives final approval for the new interest rate.
- Once approved, the interest is credited to EPFO account holders.
Apart from this, the CBT meeting may also discuss issues like pension reforms, withdrawal rules, and employee benefits. Many EPFO members are expecting important decisions that could impact their savings and pensions.
