Pensioners will demonstrate in support of EPS-95's proposed minimum pension hike of Rs 7,500

 Pensioners will demonstrate in support of EPS-95's proposed minimum pension hike of Rs 7,500

Pensioners will demonstrate in support of EPS-95's proposed minimum pension hike of Rs 7,500

EPS-95: Retirees are requesting an increase in the minimum income from the current Rs 1,000 per month to Rs 7500 under the Employees income Scheme (EPS-95).

Demand for Pension Hike: Government workers have long been calling for the government to bring back the previous pension plan, or OPS. Employee Provident Fund Organization (EPFO) beneficiaries, including retirees, are now staging protests to call for a rise in the minimum monthly income under EPFO's EPS-95 pension plan, to Rs 7500. are traveling. On Thursday, December 7, 2023, these workers and pensioners will gather in Delhi for a demonstration.

In support of its demands, the EPS-95 National Struggle Committee (NAC) said in a statement on Wednesday that it would rally at Ramlila Maidan. According to the group, 50,000 workers and retirees from all around the nation would take part in this demonstration in favor of other demands, such as raising the minimum pension to Rs 7,500 per month. Pensioners are calling for free health care for their wives and an increase in the base pension to Rs 7,500 per month, coupled with dearness allowance.

The Employee Pension Scheme EPS-95 now has a monthly minimum pension of Rs 1,000. Pensioners will fast at Jantar Mantar starting on December 8 after the demonstration at Ramlila Maidan. The committee head, retired commander Ashok Raut, said, "We will hold a rally at Ramlila Maidan on December 7 to support our demands." He threatened to fast to death if his demands were not honored, claiming that this is his last warning to the government.

The Provident Fund receives 12% of the base pay of workers covered by the Employees Pension Scheme (EPS-95). On the other hand, 8.33% of the employer's contribution, or 12%, is placed into the Employee Pension Plan. In addition, the government gives the pension fund a 1.16 percent contribution. According to Ashok Raut, workers' lives have gotten more difficult since they are receiving such a little monthly pension even after working for thirty years and consistently paying to the EPS-based pension component.