Historic increase in EPS pension : Hello friends, I would like to inform you all that there has been a historic increase in EPS pension. Under the historic increase, lakhs of private sector employees are now going to get ₹8500 every month.
The biggest wave of happiness has come that this has been given to me by the government, so let’s read the whole news related to EPS pension through this article.
What is EPS pension and who is the beneficiary
EPS (Employees’ Pension Scheme) is a government scheme which comes under EPFO (Employees’ Provident Fund Organisation).
This scheme is very important for all the employees working in the private sector and is also important for those who have EPF account.
Following are some main points of this scheme:-
- This scheme was started in the financial year 1995.
- At the end of the term, 8.33 per cent of the employee’s basic salary enters into EPS.
- Monthly pension after retirement is given under this scheme.
- The minimum service period to avail the benefits under the scheme must be 10 years.
Know the meaning of pension of ₹8,500 per month?
- The amount of pension received till now under the EPS scheme was very low.
- Many employees were given pension ranging from ₹1000 to ₹2500 only.
- In the financial year 2025, the minimum pension has been increased by the government to ₹8500 per month.
Some of the major impacts of this change are:-
- All the employees living in the country who had very low salary will now be given a fixed minimum pension.
- At the same time, there will be a lot of improvement in financial support after retirement.
- This decision taken by the government will provide benefits to about 64 lakh app pensioners.
Who is eligible for this benefit?
- It is necessary to be a registered employee under EPFO.
- There must be a minimum contribution of 10 years in the EPS scheme.
- It is necessary to attain the retirement age limit (58 years)
- It is necessary to complete the Kalam process of pension.
- etc
Understand from the data how much relief this decision can provide
| Details informationb | Amount of pension to be paid in advance | The amount of new pension to be given now |
|---|---|---|
| human at least | 1000 Rupees | 8500 Rupees |
| Average Employees Pension Amount | 1700 to 2500 rupees | 8500 Rupees |
| Total number of potential beneficiaries | Total 67 lakhs. | Total 6700000+ |
| Every year the government burden | 4000 crore rupees | 12000 crore rupees |
Complete process of claiming EPS pension?
You can claim EPS pension by following the easy steps given below.
- To claim EPS pension, first of all you have to go to the official website of EPFO https://www.epfindia.gov.in/.
- You will have to come to the “Online Services” section through the website.
- You will have to click on the “Pension Claim” option appearing in this area.
- Once the new page opens, you will have to login using UAN and OTP.
- You will have to fill complete and correct information in Form 10D.
- Important documents have to be uploaded.
- After submitting the form, you will have to keep the tracking ID safely with you.
