EPS Pension Hike ₹7500: If you’re someone who’s given years—maybe even decades—of your life to work, and now you’re relying on just ₹1,000 to ₹2,000 a month from the Employees’ Pension Scheme (EPS)… it hurts, doesn’t it?
You’re not alone. And finally, after years of being ignored, there’s a ray of hope. A government committee is actively reviewing the EPS pension scheme, and there’s talk of raising the minimum pension to ₹7,500 per month.
What’s the Current Situation With EPS Pension?
For years now, EPS has given retired employees a minimum monthly pension of just ₹1,000 to ₹2,000.
- The pension amount was fixed back in 2014.
- No changes have been made since then—even though prices of everything have skyrocketed.
- Trade unions and retired employees have been pleading with the government to raise the amount.
- Many pensioners are struggling to even buy basic medicines or pay utility bills.
Does that sound familiar?
You may have watched your parents, or even yourself, go through retirement only to be met with stress instead of peace.
What’s Changing Now? The Push for a Higher Pension
Here’s the good news: The government is finally listening.
A Parliamentary Standing Committee, led by BJP MP Basavaraj Bommai, has stepped in and told the Ministry of Labour to review the EPS scheme—urgently.
And not just internally. They want an independent third-party review completed by the end of 2025.
Here’s why this matters:
- The committee said living costs in 2024 are way higher than 2014.
- They acknowledged that ₹1,000 is not enough to survive in today’s economy.
- They’re recommending increasing the minimum pension to ₹7,500 per month.
Why This Review Is a Big Deal
Let’s be honest—many government reviews don’t lead to anything concrete. But this one feels different. Why?
- It’s the first-ever third-party review in the nearly 30 years of the EPS scheme.
- The government has already issued a Request for Proposal (RFP)—which means the process has officially started.
- There’s a growing political and public push to fix the scheme before the next elections.
What Are Pensioners Asking For?
For years, retired employees under EPS-95 have been fighting for a few key changes:
- Increase the minimum pension to ₹7,500 per month
- Add Dearness Allowance (DA) to adjust for inflation
- Provide financial dignity after decades of service
Before the 2024–25 budget, these retirees even met with Finance Minister Nirmala Sitharaman, and she promised to consider their demands.
Sounds like things are finally moving in the right direction.
What Happened to the Last Proposal?
Believe it or not, this isn’t the first time the idea of increasing the pension was raised.
- In 2020, a proposal was sent to increase the pension to ₹2,000.
- Sadly, it was rejected by the Finance Ministry.
- But this time, the committee is directly involved—which gives many people new hope.
FAQs About the EPS Pension Increase
Q1: Who qualifies for EPS pension?
Anyone who was part of the EPFO and worked in a covered establishment for at least 10 years is eligible.
Q2: How much is the current EPS pension?
Right now, most people receive between ₹1,000 to ₹2,000 per month.
Q3: Will the pension definitely increase to ₹7,500?
There’s no official confirmation yet—but strong recommendations from the Parliamentary Committee are increasing the chances.
Q4: What is the EPS-95 scheme?
EPS-95 is the Employee Pension Scheme started in 1995 to provide post-retirement pension benefits.
Q5: When will the review be completed?
The government aims to finish the review by the end of 2025.
Q6: Is Dearness Allowance (DA) part of EPS now?
Not currently. But pensioners are demanding that DA be included to help offset inflation.
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