Pensioners’ delegation calls upon Finance Minister; demands ₹7,500 minimum monthly pension under EPS-95

Finance Minister Nirmala Sitharaman meets EPS-95 pensioners pressing for ₹7,500 minimum monthly pension with DA and medical benefits.

A delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on Friday (January 10, 2025) to press for their long-pending demand for a minimum monthly pension of ₹7,500 along with dearness allowance (DA).

Under the EPS-95 or Employees Pension Scheme 1995 run by retirement fund body Employees’ Provident Fund Organisation (EPFO), the existing minimum monthly pension is ₹1,000.

Comment: An opportunity to rethink India’s pension system

According to a statement issued by EPS-95 National Agitation Committee, the Finance Minister has conveyed to the delegation that their demands would be reviewed and addressed in a sympathetic manner.

Commander Ashok Raut, National President of the committee, highlighted the plight of over 78 lakh pensioners from Central and State government PSUs, private organizations, and factories across the country.

Pensioners have been agitating for over 7-8 years for an increase in the minimum pension from ₹1,000 to ₹7,500, along with DA and free medical treatment for both the pensioner and their spouse.

“Finance Minister Nirmala Sitharaman has said that the demands of pensioners will be considered with great empathy. This assurance gives us hope, but the government must act decisively by announcing ₹7,500 as the minimum pension with DA in the upcoming budget. Anything less will fail to provide the dignity that senior citizens deserve,” Commander Raut stated.