Eps Of The Emperies Provident Fund Organisation Have Bathattle Related Protests To A Pension Of Up To ₹9,000 Per Month, A Final Attempt Towards Pension Reforms. The Demand Also Aims To Mitigate And Protect These Retired Pension Holders’ Past With The Employees’ Pension Scheme (EPS-95).
Reasons To Hold On To The Demand Of Pension At ₹9,000?
However, even now, many EPS-95 pensioners are receiving very low pensions, some below ₹2,000 a month, which with rising costs of living, spiraling medical expenses, and all other basic necessities indicates that this amount is far less than sufficing dignified survival. A secured ₹9,000 would rather provide them the rest of their life in dignity after they stop working.
Who Is Supporting The Demand?
- Pensioners’ Organizations: Different associations of EPS-95 pensioners were working in unity requesting the government to consider their appeal.
- Public Representatives: Some states’ leaders, along with some Members of Parliament, sided with the pensioners’ demand for those retired.
- Justification in Economics: Pensioners just want a paltry amount of Rupees 9,000 against high inflation and hefty medical costs.
Government Response
The government accepted the view of pensioners and recognized their problems while currently considering the feasibility of the demand. Committees are being set up to determine the financial ramifications and the possibility of advancing pension benefits under EPS-95.
Pensioners’ Main Proposals
- Minimum pension increase: Increase the minimum pension to ₹9,000.
- Dearness Allowance (DA) inclusion: Pensions should be indexed to inflation at specific times.
- Medicines Allowance: This above-standard allowance should be given for any extra expenses incurred by the retirees.
- Family Pension Benefits: Maintain widow and dependent family member benefits.
Conclusion
It seeks an ₹9,000 minimum pension and calls for it to be economic justice and social security for EPFO pensioners. Even as this proposal languishes in consideration by the government, it still awaits hope, since millions of retired employees count on favorable outcomes to be delivered to the fore concerning their subsistence. This will not only benefit the pensioners but will also lay ground for establishing an equitable and well-developed welfare system.
Buckle up for the updates that will pour in after this important advancement comes into effect with far-reaching repercussions on EPFO pensioners throughout the country.
Also Read: Unified Pension Scheme Launching on April 1, 2025: Check Features, Benefits & Eligibility