No Pension Hike to Rs 7,500: Government Clarifies on EPS-95 Minimum Pension
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News18•01-02-2026, 05:46
No Pension Hike to Rs 7,500: Government Clarifies on EPS-95 Minimum Pension
- •The central government has clarified there is no proposal to increase the minimum EPS-95 pension from Rs 1,000 to Rs 7,500.
- •Minister of State for Labour and Employment stated that any decision on pension hike must consider the long-term financial sustainability of the fund.
- •Rajya Sabha MP Dr. Medha Vishram Kulkarni raised concerns about financial difficulties faced by EPS-95 pensioners due to inflation.
- •EPS-95 is a contribution-defined benefit scheme, funded by employer contributions (8.33%) and central government contributions (1.16% on wages up to Rs 15,000).
- •The pension fund's financial stability is reviewed annually, and proposals for increase have been received but the scheme is centrally pooled.
Why It Matters: Government confirms no immediate plans to increase EPS-95 minimum pension to Rs 7,500, citing financial sustainability.
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