EPFO Pension: Will private employees get Rs 7,500? The government opened all its cards in the Parliament

News India Live, Digital Desk: If you or the elders in your family have retired from a private job, then you must understand the pain very well. That is the pain of the nominal pension received under EPS-95 (Employees’ Pension Scheme). Imagine, after spending 30-35 years of life, if one gets only Rs 1000 or 1200 in the name of support in old age, then what would happen to that person? These days, even one meal of vegetables is not enough for that much money, forget the cost of medicines. There has been a demand for a long time that the minimum pension should be increased to ₹ 7,500 + DA (Dearness Allowance). Recently the government has clarified its position on this issue in the Parliament. Come, let us know in simple language whether the pension is really going to increase or this wait will continue longer. What are the pensioners demanding? The story is very simple. The National Agitation Committee (NAC) and lakhs of pensioners want that: The minimum monthly pension should be increased from ₹ 1,000 to ₹ 7,500. Dearness Allowance (DA) should also be added to it. Retired people and their wives should get free medical facilities. This demand is absolutely true. It also seems justified because in the current inflation, Rs 1000 is equivalent to “a drop in the camel’s mouth”. What answer did the government give? (Reality Check) We all were hoping that maybe this time the government would announce some ‘bumper’ good news. But the stance of the Labor Ministry and the Finance Ministry seems to be a bit strict. The government has clarified that it is difficult to implement such a huge increase in pension (from Rs 1000 to Rs 7500) immediately. The government has given two-three arguments behind this: Shortage of funds: The government says that the contribution to the pension fund is not enough to give ₹ 7,500 to everyone. Mathematics problem: EPFO ​​is an insurance based scheme. You will get returns according to the amount you deposit. This is not possible without additional budgetary support. In simple words, the government has given roundabout answers and has again put the ball in the court of “discussion”. He has not completely rejected the proposal, but has also not given any date when the money will be increased. What happened to the committee’s report? According to reports, the government has cited the recommendations of the two committees. The recommendations say pensions should increase, but the increase will put a huge burden on the government’s exchequer. Therefore, the Finance Ministry does not seem to be in a mood to answer “yes” on this. Pensioners’ pain: “Sir, assurances do not satisfy me!” There is a lot of disappointment among the elderly with this answer. He says, “How long should we wait for the reports of the committees? Time is passing by.” Many protests were held in Maharashtra and Delhi regarding this, but the result was the same ‘date after date’. So what next? The current situation is that if you are a private employee and come under the ambit of EPS-95, then you may have to make do with the old pension amount only. Yes, there is definitely a ray of hope in the option of ‘Higher Pension’, which has been implemented after the order of the Supreme Court. But there are so many paperwork involved in it that the common man is left confused. The government’s stand is now clear, they are not going to increase the pension to Rs 7500 overnight. This fight will go on for a long time. As soon as any new update comes, we will definitely send it to you.