EPFO Pension Hike: Private Sector Employees Could See ₹5,000 Minimum

• Central government is considering increasing the minimum EPFO pension for private sector employees.
• The current minimum monthly pension for EPFO members is ₹1,000, unchanged for many years despite inflation.
• Proposal suggests raising the minimum Employees' Pension Scheme (EPS) pension from ₹1,000 to ₹5,000.
• This increase would benefit private employees with 10+ years of service and current pensioners, improving their financial stability.
• Government approval is pending; the proposal may be presented in the upcoming budget or social security reform meetings.

Why It Matters: Government may soon raise minimum EPFO pension to ₹5,000, benefiting private sector retirees.