EPS-95 Pension Scheme: An important update has come out for all pensioners. There is a big update regarding EPS-95 Pension Scheme. Let us tell you that recently the Supreme Court’s decision came regarding pension, which is very important, in which the best can be done to provide financial security to all the beneficiaries with an increase of ₹ 7,500 per month and dearness allowance (DA) for lakhs of pensioners of India and for their bright future. Today we will tell you this important information in detail.
What is the decision of the Supreme Court regarding pension
According to the information that has come out, now the pension will be increased to 7500, such information has come to light through media reports, we do not confirm this in any way, but according to the information that has come to us, we are providing you complete information, let us tell you that this is a big news for more than 65 lakh pensioners and a big update has come out for retired people as well.
Latest update of EPS-95 scheme
EPS-95 scheme is a scheme through which assistance is provided to all employees and pensioners. This scheme is also known as 1995 and acts as a great moment of social security. To benefit the employees after retirement, it is managed by the Employees Provident Fund Organization i.e. EPFO and all the employees are benefited under it.
What are the features of the EPS-95 scheme?
All the employees who have served for 10 years for minimum pension eligibility will get the benefit of this scheme. Apart from this, pension will be calculated on the basis of salary within the last 60 months of service. Apart from this, there is a provision for premature withdrawal under certain conditions and many other types of letters have been made. After death, family members can also get the benefit of this pension. Additional benefits are also provided for disabled members.
The Supreme Court has recently taken a decision which is expected to have a significant impact on retired people. There may be an increase in monthly pension. Apart from this, many other changes can also happen. An important decision has been taken to deal with life pressures, such information has come to light.