The Employees’ Provident Fund Organisation (EPFO) pension system is under review, with pensioners and trade unions demanding a significant increase in the minimum pension amount. As of April 2, 2025, discussions have started regarding improving the pension structure to better support retirees.
Current Pension Scenario
At present, the minimum pension under the Employees’ Pension Scheme (EPS) is ₹1,000 per month. This amount was set in 2014, and given the rising cost of living, it is no longer sufficient to meet the basic needs of pensioners. Many retired employees struggle with their daily expenses and demand an urgent revision of the pension amount.
Demands for Pension Increase
Several pensioners’ associations and trade unions are actively pushing for a pension hike. They have demanded that the minimum pension be raised to ₹7,500 per month and that Dearness Allowance (DA) be included to help counter inflation.
In some regions, demands are even higher. For example, EPFO pensioners in Nashik staged protests, demanding their pension be increased to ₹9,000 per month. Protesters argued that ₹1,000 is not enough to cover essential expenses such as food, rent, and medical costs. They have also requested free medical services and inclusion in the government’s food security programs to provide additional relief.
Government and Parliamentary Response
The demands for a higher pension have gained political attention. The Parliamentary Standing Committee on Labour has recommended that the central government review and increase the minimum pension to reflect current economic conditions.
The government has responded by initiating discussions on improving pension benefits. The Central Board of Trustees (CBT) of EPFO has scheduled a meeting on February 28, 2025, where they will discuss various issues, including interest rates on provident fund deposits for the financial year 2024-25. The pension increase is expected to be a key topic in this meeting.
Conclusion
The demand for a higher EPFO pension highlights the need for better financial support for retired employees. Although the government is taking steps to address the issue, many pensioners are still waiting for a concrete decision that ensures a livable pension amount. As discussions progress, pensioners hope for a favorable resolution that will help them meet their daily needs and secure a better future.