EPFO Pension Hike Eyed: Minimum Could Jump to ₹5,000 for Private Sector

• Government considering increasing EPFO minimum pension from ₹1,000 to ₹5,000.
• This move would benefit private sector employees with 10+ years service and current pensioners.
• Employees and pensioners have long demanded the hike due to rising inflation.
• No official approval yet; proposal may be discussed in budget or social security meetings.
• EPFO also plans to enhance digital services for PF withdrawals and pension distribution.

Why It Matters: EPFO may soon raise minimum pension to ₹5,000, benefiting private sector employees and pensioners.