Will private employees get Rs 7,500? The government revealed 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 this pain very well. that is pain EPS-95 (Employees’ Pension Scheme) Of the nominal pension received under.

Imagine, if after spending 30-35 years of life, you get only 1000 or 1200 rupees in the name of support in old age, then what would happen to that person? Nowadays, for this much money, even one meal of vegetables is not enough, forget the cost of medicine.

Regarding this, there has been a demand for a long time that the minimum pension should be increased. ₹7,500 + DA (Dearness Allowance) Let’s do. Recently the government has clarified its position on this issue in the Parliament. Let us know in simple language whether the pension is really going to increase or will this wait continue longer.

What are the pensioners demanding?

The story is very simple. National Agitation Committee (NAC) And millions of pensioners want:

1. The minimum monthly pension should be increased from ₹1,000 to ₹7,500.
2. Along with this, Dearness Allowance (DA) should also be added.
3. Retired people and their wives should get free medical facilities.

This demand seems absolutely 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.
• Math 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 played the ball again by giving a roundabout answer. “discussion” Have been put in the court of. He hasn’t completely rejected the proposal, but hasn’t given a date for when the money will increase.

What happened to the committee report?

According to reports, the government has cited the recommendations of 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 say “yes” on this right now.

Pensioners’ pain: “Sir, assurances do not fill my stomach!”

There is a lot of disappointment among the elders with this answer. He says, “How long should we wait for the reports of the committees? Time is passing by.” Many dharnas were organized in Maharashtra and Delhi regarding this issue, but the result was the same ‘date after date’.

so what happens now?

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, a ray of hope ‘Higher Pension’ (Higher Pension) option, which has been implemented after the order of the Supreme Court. But there are so many paperwork involved 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.