EPS-95 Pension 2025: Changes In EPS 95, Will The Pension Also Be Doubled

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India has made various landmark changes under the Employees’ Pension Scheme 1995 (EPS-95) which are of help to employees in the organized sector. These changes include the increase of the salary limit, increase of the minimum pension amount, and the establishment of a centralized pension payment system. The scheme gives financial security to the employees in retirement and insures a degree of social security for them. The following article will speak about the EPS-95 pension scheme in detail, discussing the provisions contained in it, proposed changes, eligibility, application procedures, and financial assistance. The scheme works not only toward providing financial help to the pensioners but also giving them a sort of independence.

EPS-95 Pension Scheme 2025: Key Changes

EPS-95 Pension Scheme is a social security scheme declared by the Government of India to assist financially the employees of the organized sector after retirement. In this scheme, a certain percentage of salary is contributed by the employee, and by the employer to the pension fund.

Government Approach

The Government on the announcement of the scheme stated, “Our aim is to provide financial stability to the employees after retirement.” They further added, “This scheme will help in strengthening the financial position of the pensioners.”

Eligibility Criteria

The eligibility criteria for the EPS-95 pension scheme require that:

  • The employee in question should have put in a minimum of 10 years of service.
  • The employee in question should have attained the age of 58 years.
  • The employee should be a member of the EPFO.

Application Process

The application procedure for EPS-95 pension scheme follows the following steps:

  • Registration: Online registration will be done first.
  • Application form: Fill in all required information like name, address, contact number etc.
  • Uploading Documents: Upload all required documents such as identity card, service certificate etc.
  • E-KYC: After application, E-KYC would be mandatory.
  • Submission of Form: After all details are filled correctly, submit the form.

Disbursement Of Financial Assistance

Financial assistance disbursed directly to the bank account of the beneficiary ensures that the amount of assistance is directly credited into the pensioners account.

Also Read: EPFO Big Update: If PF Is Deducted Every Month, You Will get these 7 benefits, know Full Details

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