The Employees’ Pension Scheme (EPS) is going to go for one of its most significant transformations in its history with effect from the year 2025. The important aspect of this proposed change is the increase in the amount of the minimum pension from present levels which stand at ₹1000 per month. The basis for this … Read more
In fact, it would snap a long-standing relief to lakhs of pensioners. A government-appointed panel proposed an increase in the minimum monthly pension under the Employees’ Pension Scheme (EPS) from ₹1,000 to ₹7,500. If this proposal passes muster, it will lend greater strength to the pensioners, who have long demanded that the existing base figure … Read more
Related to private sector employees, the most significant development is the Employees’ Provident Fund Organisation (EPFO), which is thinking of a proposal for increasing the minimum pension that the Employees’ Pension Scheme (EPS) currently provides-from ₹1,000 to ₹7,500. It is expected that this increase will change the financial condition of over 6 million pensioners, and … Read more