The demand to increase the Employees' Pension Scheme (EPS-95) minimum pension to ₹7,500 per month is an ongoing proposal driven by pensioner protests and parliamentary recommendations, not yet officially approved. While beneficiaries seek a hike from the current ₹1,000 to manage inflation, the government cites fund constraints, actuarial deficits, and sustainability issues as reasons for the delay.
The demand to increase the Employees' Pension Scheme (EPS-95) minimum pension to ₹7,500 per month is an ongoing proposal driven by pensioner protests and parliamentary recommendations, not yet officially approved. While beneficiaries seek a hike from the current ₹1,000 to manage inflation, the government cites fund constraints, actuarial deficits, and sustainability issues as reasons for the delay. Key Aspects of the Demand and Initiative Proposed Hike: Pensioners are demanding a minimum pension of ₹7,500 per month plus dearness allowance. Current Status: - The proposal is under "active consideration" but has not received Cabinet approval, with no immediate hike confirmed, say Bajaj Finserv and Angel One. Rationale: - Parliamentary panels and pensioners note that the existing ₹1,000 per month is insufficient for basic needs and healthcare, especially given rising inflation. Alternative Support: - The government has previously pointed to other initiatives, like the Pradh...