EPFO Pension Hike Eyed: Minimum ₹1,000 to ₹5,000? Millions to Benefit

• Central government is reportedly considering a significant increase in the minimum EPFO pension under the Employees' Pension Scheme (EPS).
• The proposal suggests raising the minimum monthly pension from the current ₹1,000 to ₹5,000.
• This potential hike aims to provide substantial financial relief to millions of private sector employees and retired pensioners.
• The current ₹1,000 pension is widely considered insufficient given rising inflation and cost of living.
• The proposal is awaiting final approval; official announcements are expected in the upcoming Union Budget or social security meetings.

Why It Matters: Government may hike minimum EPFO pension from ₹1,000 to ₹5,000, offering relief to millions.