The Employees’ Pension Scheme (EPS95) is a major support system for retired employees in India. It helps workers who contributed to their Employees’ Provident Fund (EPF) during their service. As more people retire, the demand for better pension benefits is growing. Recently, the Supreme Court made an important decision that has brought relief and new hope to many pensioners.
What is EPS95?
EPS95 is a pension scheme for employees who contributed to the EPF. In this scheme, both the employee and the employer contribute a part of the salary. 8.33% of the employer’s contribution goes into EPS, while the rest goes to the EPF. This scheme is designed to secure the future of retired workers.
What’s Happening Now?
In recent months, pensioners have raised a strong demand. They are asking the government to increase the minimum pension from ₹1,000 to ₹7,500 per month. With rising inflation and living costs, ₹1,000 is not enough to cover basic needs.
Pensioners are also asking for:
- Free healthcare for retirees and their families
- Correction of errors in applications related to higher pensions
- A clear and fair system to provide higher pensions to all eligible employees
The Finance Minister has assured that these demands are being considered seriously, and a decision is expected soon.
Supreme Court’s Decision on EPS95
In a recent ruling, the Supreme Court stated that all eligible employees should be given the option to receive a higher pension. However, the EPFO (Employees’ Provident Fund Organisation) has not yet implemented this for everyone. Only a few organizations have received this benefit so far.
This has caused disappointment among many pensioners, but the court’s decision is being seen as a major step in their favor.
Upcoming EPFO Meeting in April 2025
A key meeting of EPFO is scheduled for April 2025. This meeting will focus on two major points:
- Interest rate updates on EPF accounts
- Discussion on increasing pension amounts under EPS95
The meeting is important because millions of pensioners are waiting for positive changes.
Growing Pensioners’ Movement
Pensioners under EPS95 have been actively demanding justice. Various groups have joined hands to raise their voices and highlight the issues in the system.
Key points of the movement include:
- Unity among pensioners’ groups
- Raising public awareness about pension rights
- Continuous communication with government officials
These actions have helped in attracting government attention towards their demands.
Conclusion
The Employees’ Pension Scheme (EPS95) is a crucial lifeline for retired workers. The recent decision by the Supreme Court and the government’s willingness to review the demands have given hope for an increase in pension benefits. If the changes are implemented, it will bring major relief to thousands of retired employees and their families.
