If you’re a pensioner under the Employees’ Pension Scheme (EPS-95), you’ve probably been waiting for the moment when the EPS-95 pension hike approved by the government becomes reality. This article explains what’s changed, how much more you’ll get, and what you need to do.
What Has Been Approved?
Yes, the EPS-95 pension hike approved for eligible members. The government has released an approval notice stating that it has received representations to increase the minimum pension under EPS-95 from ₹1,000 per month.
However, the final formal notification with the revised amounts, eligibility, and implementation date is still awaited. Early reports suggest that the new minimum could be around ₹7,500 per month for eligible pensioners.
Why the Change Now?
Over the years, EPS-95 pensioners have been struggling with stagnant pension amounts. Here’s what led to this update:
- The minimum pension has remained ₹1,000 per month since 2014, despite inflation.
- A parliamentary committee urged the government to evaluate and increase the pension by the end of 2025.
- Pensioner groups and trade unions have been consistently demanding higher pensions.
- The approval notice acknowledges these long-standing representations from various stakeholders.
Exact Increase: What the Numbers Suggest
Here’s what the proposed calculation may look like based on recent reports. Note that these figures are indicative and subject to final approval.
Estimated Pension Increase under EPS-95
| Last Drawn Salary | Old Pension | Expected New Pension* |
|---|---|---|
| ₹15,000 | ₹3,000 | ₹7,500 – ₹8,000 |
| ₹25,000 | ₹4,000 | ₹10,000 – ₹12,000 |
| ₹35,000 | ₹5,500 | ₹12,500 – ₹15,000 |
*Approximate estimates; final figures depend on official notification and service records.
The proposed EPS-95 pension hike approved aims to bring the minimum pension closer to ₹7,500 per month, benefiting thousands of retirees.
Eligibility and Required Documents
Eligibility Criteria
To qualify for the hike, pensioners must:
- Be registered under the Employees’ Pension Scheme (EPS-95).
- Have completed at least 10 years of service.
- Be currently retired and receiving EPS-95 pension.
- In some cases, have opted for a higher pension based on actual salary.
Required Documents
To complete the process, pensioners must provide:
- EPS/EPF membership number.
- Service and contribution records.
- Salary slips (for higher pension applicants).
- Identity proof (Aadhaar, PAN, etc.).
- Bank account details for pension credit.
- Duly filled ap
Click here to learn more