EPFO Monthly Pension – There is news that the Employees Provident Fund Organization (EPFO) may take a very big decision very soon, but let us tell you that now a big update has come regarding the minimum monthly pension, in which a proposal to start a minimum monthly pension of 7500 is being considered, due to which a good amount of pension can now be deposited in the account of all the employees. Apart from this, it is a big relief for lakhs of pensioners under the EPS-95 scheme, who were demanding an increase in pension amount for a long time, now their demand can be accepted. All pensioners can get a huge benefit in this important step and all the employees can get good benefits in the coming time as well. Let us tell you detailed information about the latest update
EPFO raises monthly pension to a minimum of ₹7,500
EPS-95 (Employees Pension Scheme) is very important and this scheme has proved to be very important for all government employees and pensioners. Under this, retired employees used to get less than ₹ 1500 per month as pension. Now it is expected to increase. Apart from this, retired employees and unions have repeatedly petitioned the government for more pension amounts. Now a big decision can come.
Eligibility for ₹7,500 EPFO pension
Talking about the eligibility of pension received under this scheme, eligibility has also been fixed. It is very important to be eligible for the proposed 7500 monthly pension. Let us tell you that eligibility has been fixed for government employees under the EPS-95 scheme, about which we have given information below.
- First of all, the government employee should have contributed to EPS-95 for 10 years under such a scheme.
- For pension, the age of the employees should be 58 years, only then they will be considered eligible for pension.
- Apart from this, important information is that the Universal Account Number (UAN) linked to Aadhaar should be active.
- There should be an EPS account after retirement or out of job.
Benefits of New Pension Scheme
Talking about the new pension, as we said, a monthly minimum pension of 7500 rupees will be given to the family members. Apart from this, the pension will be deposited directly in the linked bank accounts. Apart from this, you can also withdraw money online easily through the EPFO portal. Under the family pension, it will provide better benefits for dependents and widows.