Big News For EPFO Employees: Pension To Increase from April, Know More  

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As anticipated by the recent measure, strictly among other such changes that are to be enacted for the future interests of EPFO employees and pensioners, the pension is now slated to be increased starting April 2025. It marks a very significant juncture in the long-drawn, yet successful, endeavors being pursued to raise retirement benefits and augment financial security under the Employees’ Pension Scheme (EPS-95) for employees.

Changes In EPFO Pension Hike

The Employees’ Provident Fund Organisation (EPFO) is the apex body that administers the Employees’ Pension Scheme (EPS) and offers several monthly pensions as some other privileges to the members at the end of their service. The latest decision holds that the pension amounts would now therefore be upwardly revised, thereby benefiting thousands of such tiresome pensioners from Indian pensioners itself.

Key Points Of EPFO Pension Hike  

  1. Minimum Pension Expectations – An increase in the amount of Rs 7,500 as the minimum monthly pension is likely to be made from the present Rs 1,000 as due for review by the government.  
  2. Implementation with Effect from April 2025 – With effect from April, the revised pension will also come into action. Thus, pensioners will receive more generous payments.  
  3. Benefit for Existing and New Pensioners – Changes will be made to increase pension amounts for both current pensioners and future-retirees under EPFO’s scheme.  
  4. Higher Pension for Those Opting Under Supreme Court’s Ruling-High pensioners will now enjoy a great benefit under this provision since those employees who opted for a higher pension would now expect a higher pension amount as these are based on a salary for the employees.  
  5. EPS-95 Pensioners Will Get Relief-It is going to be a very major and much-needed relief for retired employees under the EPS-95 scheme regarding the pension revision.

For Whom Does The EPFO Pension Increase Benefit?  

  • Employees under the EPS-95 scheme for at least 10 years of contribution.  
  • Those retired EPFO employees who now earn a pension under EPS.  
  • Higher pension contribution based on actual salary; those employees who opted for higher pension contributions.  
  • For family pension beneficiaries, those who get paid in cases of death of the employee.  

The Government Plans For The Pension Reforms

The government is also looking into other pension reforms in a bid to strengthen the social security net of retired individuals. These include:  

  • Increase the pension contribution ceiling for employees.  
  • Allow higher voluntary pension contributions for higher pensions.  
  • Grow additional pensions for senior citizens.  

Conclusion

The pension increase under EPFO from April 2025 is a relief for pensioners and employees under EPS-95. With a possibility that the rate may reach minimum pension to ₹7,500, retirees will expect much better financial security. Employees have to keep checking in with EPFO’s notifications for the revised amounts of the pension and further eligibility.

Also Read: Salary Hike 2025: 50% Pay Increase For Employees And Pensioners, Check Details

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