There have been many significant changes in pension schemes in recent times, which will give more financial security to the beneficiaries. In India Employee Provident Fund Organization (EPFO) Done private sector For employees of Pension scheme improvement Has done them Better life after retirement Will help live.
Other than this, Old lady, Widow And Handicap Pension Plans Changes have also been made, which will provide financial assistance to the weaker sections of the society. The main objective of these changes is for the beneficiaries. Strengthen the economic position And Reduce rising inflation pressure Have to do it.
Pension Scheme of South Employees (EPS-95)) Pay limit increased to ₹ 21,000 It has gone, so that more salary employees will also be able to avail this scheme. Also, pension amount has been increased in schemes like old age pension, which 10 April 2025 Will apply from
These reforms will benefit not only the employees but also to different sections of the society. By making the digital payment system mandatory in pension schemes, corruption will be reduced and transparency will increase.
EPS -95 pension hike news
| Pension scheme details | Acquaintance |
| Name of the scheme | Employees’ Pension Scheme (EPS-95), Older, Widow and Disabled Pension Scheme |
| Current pay limit | ₹ 15,000 (EPS -95) |
| Proposed pay limit | ₹ 21,000 (EPS -95) |
| Minimum pension | ₹ 1,000 (EPS-95), ₹ 3,000 (Old Age Pension) |
| Maximum pension | ₹ 10,050 (EPS-95), ₹ 10,000 (Disabled Pension) |
| Contribution percentage | Staff: 12%, employer: 8.33% EPS + 3.67% EPF |
| New features | ATM to PF withdrawal, pension from any bank |
Benefits of pension schemes
- Economic Security: The increase in pension will provide better financial security to the beneficiaries after retirement.
- Relief from inflation: Increased pension amount will help reduce inflation pressure.
- Convenient process: The process has become more convenient with ATM to PF withdrawal and pension from any bank.
Challenges of pension schemes
- Additional contribution: Employees may have to make additional contribution to get high pension.
- Long process: The application process and approval may take time.
- Limited eligibility: Only employees who attended EPS-95 before 2014 can avail the scheme.
Application process for pension schemes
Eligibility criteria
- EPS-95: The employee should be a member of the EPS-95 scheme and the service period should be at least 10 years.
- old age pension: The age should be 60 years or more and the annual income should be less than ₹ 1,00,000.
Application process
- Online application: Apply online on EPFO portal.
- Offline application: Go to the nearest office and apply offline.
- Necessary documents: Submit identity cards, income certificates, and other necessary documents.
- Check the situation: Keep checking the status of the application regularly.
Changes for EPS Pensioners
- Pension from any bank: EPS pensioners can now get their pension from any bank branch.
- Centralized Pension Payment System (CPPS): PPO transfer will not be required.
- Aadhaar-based payment system (ABPS): Will be implemented in future.
conclusion
Recent changes in pension schemes will provide more financial security to the beneficiaries. EPFO’s EPS-95 and old age, widow and disabled pension schemes will benefit different sections of the society. Along with providing financial assistance through these schemes, it will also help to reduce the pressure of inflation.
Disclaimer: This article provides general information about recent changes in pension schemes. This information is compiled from various sources and is not aimed at advising a specific person or organization. It would be appropriate to contact the concerned authorities for detailed information about pension schemes.
