The EPS-95 Rashtriya Sangharsh Samiti has recently requested an increase in the minimum pension that salaried workers receive under EPS, from Rs 1,000 to Rs 7,500.
In order to draw attention to their cause, they have given a 15-day notice to effect this change.
This news is relevant to all those who have an EPF account and it is important to stay informed of the latest developments in this industry.
The demand to raise the minimum monthly pension received by the salaried class under EPS has been a longstanding one.
EPS-95 Rashtriya Sangharsh Samiti Gives Notice to Ministry to Hike the Monthly Pension
Recent developments reveal that the EPS-95 Rashtriya Sangharsh Samiti has issued a 15-day ultimatum to the Ministry of Labor to raise the minimum monthly pension from Rs 1,000 to Rs 7,500, after repeated requests and suggestions.
The committee’s notice leaves no room for ambiguity and warns that a failure to meet their demands could result in an organized nationwide movement.
The Employees’ Pension Scheme-1995 (EPS-95) is administered by the Employees’ Provident Fund Organization (EPFO), which is a retirement fund organization.
EPS-95 has more than six crore shareholders and 75 lakh pensioners who receive benefits from the scheme.
Limited Medical Facilities for Pensioners Also Brought Up
According to the Sangharsh Samiti, medical benefits for pensioners are insufficient, which has led to an increase in the death rate among pensioners.
The committee has thus written a letter to the Union Labor Minister, Bhupendra Yadav, to address this issue.
Failure to raise the pension amount could result in widespread protests, potentially including the halting of rail and road transport, as well as extreme measures such as hunger strikes.
The committee has called for an increase in the minimum pension from Rs 1,000 to Rs 7,500, with the dearness allowance to be regularly updated.
Additionally, the committee has requested that pensions be paid based on actual salary, in accordance with the Supreme Court’s decisions on October 4, 2016, and November 4, 2022.
