EPFO Pension Hike 2025: A huge piece of news has been revealed recently by the Employees Provident Fund Organization. It has been passed that the decision to increase the EPFO Pension of the Employees Provident Fund Organization Employees has passed, under which the monthly pension has been increased from 1000 to 7,500. At the same time, dearness allowance will also be provided to pension pensioners. In such a situation, now the pension amount will also be adjusted according to inflation. This new policy rule has been implemented from January 2025. Due to which 65 lakh pensioners across the country will be given its benefit.
As we all know the Employees Provident Fund Organization operates the Employees EPFO Pension Scheme. Under the Employees Provident Fund Organization, pension is provided to all government employees across the country under which a certain contribution is made by the employees and employers. Recently, a new decision has been revealed under this process in which EPFO has increased the monthly pension of employees. That is, now this pension has reached ₹ 1000 to ₹ 7500 and in such a situation, the employees are now seeing its direct benefit, due to which the future of the employees is getting more secure than before.
EPFO has increased the amount of EPS 95
EPS 95 scheme to be run under Employment Provident Fund Organization is a scheme through which employees are provided monthly pension after retirement. In this pension scheme, both the employees and the employer put a certain amount in the account in which 8.33 percent of the employer goes to the EPS and this pension amount is determined on the service and salary of the employees, in view of which the pension amount after the retirement of the employees has now been increased.
Earlier, employees were given a pension of only ₹ 1000 under EPS 95, which was not enough at all according to inflation rate and no increase in this pension on the basis of inflation. Due to which retired employees had to face a lot of trouble. To solve this, now EPFO has increased the pension amount under EPS 95 and there is no increase in the dearness allowance of pensioners.Removing this, now EPFO has increased the pension amount under EPS 95 and has also decided to increase the dearness allowance of pensioners.
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EPFO 2025
EPFO is an organization that provides various types of benefits to the employee after retirement, providing a monthly pension to employees after retirement. Through this pension, employees are provided government help for living every month. However, both employee and employer contribute to this amount.
- The EPFO contains various types of pension such as retirement pension which is given to employees after completing the age of 58 years of the candidate. However, for this, employees have to complete the service of 10 years of work in the department.
- Full pension scheme in which employees are provided pension amounts after the age of 50 years.
- Disabled pension scheme in which employees are given pension on being disabled.
- Widow and Vidur Pension Scheme in which pension is given to their life partner after the death of employees.
- The Child Pension Scheme is given pension till the age of 25 to their two children after the death of employees.
- Orphan Pension Scheme Employees who have died, children have been provided pension in this pension scheme.
Benefits of increasing employee EPFO Pension scheme
- As we said that under the Employees Pension Scheme, EPFO has increased the monthly pension from 1000 to 7500 and now the employees will also be provided dearness allowance.
- Due to this, employees will now get to see different benefits such as the income of employees will be ensured after retirement.
- Now employees will get a pension of 7500 instead of 1000, which will improve their economic condition.
- Along with the increase in dearness allowance, the pension amount of employees will also increase.
- Along with the EPFO employee as well as their dependents, adequate pension will also be provided to the partner
Steps to pension calculation is done in EPFO
EPFO organization calculates the salary of employees and year of their service for which the following formulas are used to calculate pension in EPFO.
Pensionable salary is multiplied by the year of service and is divided by 70 and the upcoming final amount is given to employees in the form of monthly pension. However, the minimum pension of employees has been fixed at 7500. In such a situation, employees who have more pensionable salary and more year of service can also be given a pension amount of more than 7500. But such employees whose pension amount is calculated less than 7500, then they will definitely be given pension up to at least 7500.
Steps for employees apply to get the benefit of pension hike
- To get the benefit of pension hike, employees will first have to fill the form number 10D on the official website of EPFO.
- After this, employees will have to submit all their necessary documents such as service letter, bank details, Aadhaar card, PAN card etc. along with the form.
- The applicant will have to submit all these documents to the EPFO office, although the application can also complete this application process through an online medium.
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Effects are visible when EPFO Pension amount increases
- Since January 2025, the EPS 95 pension amount has been increased by the EPFO, due to which the standard of living of employees is getting better.
- His confidence in the central government is getting stronger.
- At the same time, employees and their families are getting financial security.
- Along with this, employees will also get to see an increase in dearness allowance every 6 months after retirement, due to which the employees are now getting help in struggling with inflation.
- At the same time, the EPFO is also going to help the employee in medical expenses after retirement, so that health related facilities are also being provided to the employees after retirement.
Conclusion
In this way, all the employees who want to get an increase in EPS 95 under the EPFO pension scheme can go to the official website as soon as they can get an increase in their pension amount by completing the entire documentation process and can get an increase in their pension amount and get a fixed pension of 7500 after retirement.