EPS 95 Pensioners Receive Major Relief: ₹7500 Pension + DA Approval

In a significant move, the Central Cabinet has approved an increase in the minimum pension for pensioners under the EPS 95 scheme. Along with this, the government has also approved the inclusion of Dearness Allowance (DA) in the pension amount, bringing much-needed relief to many pensioners. This decision is expected to provide considerable financial support to those who have been waiting for a pension increase for a long time.

What’s the New Change?

The EPS 95 Pension Scheme is designed to provide retirement benefits to employees working in organized sectors. In a major update, the government has recently decided to increase the minimum pension to ₹7500 per month. Additionally, the government has approved the addition of DA (Dearness Allowance) to the pension, which will help keep up with inflation.

Why Is This Important?

This change is crucial because, until now, many pensioners had been facing significant financial difficulties due to the low pension amounts. The previous minimum pension was only ₹1000, which was insufficient to meet the rising daily expenses, especially for the elderly who often face medical costs and other essential needs.

This issue had been raised multiple times in the Parliament and on various platforms, but no action was taken for a long period. The lack of DA further compounded the issue, as pensioners had to rely on a fixed pension amount that didn’t adjust to inflation over time.

Government’s Solution:

The government, recognizing these challenges, has now decided to increase the minimum pension and introduce DA, which will ensure that pensioners receive a more adequate amount to cover their expenses. This move will not only improve the economic conditions of the beneficiaries but will also bring a positive change to their quality of life, especially for senior citizens who depend on their pensions to meet their healthcare and living costs.

This reform is a welcome step, ensuring that pensioners receive the financial support they deserve in the face of rising living costs.