EPS-95 Pension: How to get the benefit of ₹7,500 in 2025?
Written By: Sam
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Scheme
The objective of EPS-95 is to provide regular income to the employees of the organized sector after retirement. This scheme runs on the contribution of the employee.
Objective
To get EPS-95 pension, the employee must be an EPF member, complete at least 10 years of service and attain the age of 58 years. Only then you can take advantage of it.
Eligibility
Talking about the change, it is proposed to make the minimum pension ₹ 7,500 in 2025. This change has been made keeping in mind inflation and rising costs.
Change
This change will provide financial security, inflation adjustment and better and peaceful life to the pensioners.
Benefits
As for the contribution, 12% of the employee, 1.60% of the government and the employer's contribution goes to EPF and EPS.
Contribution
Some organizations have called the demand for ₹ 5,000 minimum pension inadequate, while 36.60 lakh pensioners still get less than ₹ 1,000. Which is very less.
Criticism
Yamaha XSR 155: Bullet और Jawa की छुट्टी! ये धांसू बाइक मचाएगी धमाल!