EPS-95 Pension Increased With DA: Today government of India provided major relief to lakhs of retired Employees by announcing a big increase in the monthly pension under the EPS-95 Scheme. With this big decision almost more than 78 lakh retired employees will now get minimum monthly pension of ₹8,500 along with DA. This long awaited result come after continuous demands from pensioners associations across the country. Which was pending from a long time.
What’s Changed?
Until now pensioners under EPS-95 was getting minimum pension of only ₹1,000 per month. Which was too low if we consider current rising inflation and daily expenses. Now with this new revision pensioners will now receive a basic pension of ₹7,500 along with DA. Which will make their total monthly pension more than ₹8,500.
This new pension amount will be applicable from May 2025 and will be credited directly into pensioners bank account. Also from now for the first time DA will be officially added to EPS-95 pensions. This big move is taken to help pensioners deal with inflation and cost of living. Which will definitely help all retired employees.
Beneficiary Eligibility
The increased pension benefit will apply to all eligible retirees who are part of EPS-95 scheme. Only following group of employees will get the revised pension:
- All the retired employees from private and public sector organizations covered under EPFO
- Also all the Pensioners who are receiving EPS-95 pension for more than 15 years
- All the Widows, disabled individuals, and dependents who are receiving pension under this scheme
This new move is taken to support all the pensioners under EPS-95 by providing a increased monthly income.
Pensioners Eligibility Check
To receive the new revised pension amount, pensioners must be follow above few important steps:
- Every Pesioner need to submit a valid life certificate
- All eligible pensioners KYC details must be updated with the EPFO Portal
- If it is not already done, Aadhaar and bank account details must be verified
The Government and EPFO advised that all the pensioners either log in to the official EPFO website or visit the nearest pension facilitation center to confirm and update their personal details. This process will help all the pensioners to ensure that the updated pension will be credit without any delay.
Important Achievement
This increase in pension is a big achievement for EPS-95 pensioners. Who was demanding decent hike for post retirement income from many years. With the new monthly pension of ₹8,500 all the retired employees can now hope for a more stable and secure financial life.
Most of market experts feel that this new move could be a starting point for broader changes in India’s pension system. Also it will improve the overall welfare of senior citizens across the country.