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Описание: Action on the demand of EPS-95 pensioners

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a) the reasons for delay in implementing the pension fixation as per the decisions of the Hon'ble Supreme Court dated 04.10.2016 and 04.11.2022 including increase in the minimum pension of pensioners under the Employees' Pension Scheme (EPS-95) from Rs. 1,000 to the respectable amount of Rs. 7,500 plus dearness allowance and free medical facilities;

(b)

Is the Government aware that around 78 lakh EPS-95 pensioners across the country are facing severe financial crisis in their old age and have been demanding justice from the Government through peaceful agitations for years and in the process many old pensioners have died, if so, the details thereof; and

(G)

Will the Government expedite action on the demands of the EPS-95 National Movement Committee and fix a time frame for family pension with medical facilities and minimum pension of Rs. 7,500/-, if yes, the details thereof?

Answer

Minister of State for Labor and Employment

(Ms. Shobha Karandlaje)

(a) to (c) The EPS, 1995 is a defined contribution-defined benefit social security scheme. The corpus of the Employees' Pension Fund consists of (i) contributions by the employer at the rate of 8.33% of wages; and (ii) contributions by the Central Government through budgetary support at the rate of 1.16% of wages up to an amount of Rs. 15,000/- per month. All benefits under the Scheme are paid from such accumulations. The Fund is evaluated annually as mandated under paragraph 32 of the EPS, 1995 and as per the valuation of the Fund as on 31.03.2019, there is an actuarial deficit.

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However, the Government is providing budgetary support, providing a minimum pension of Rs. 1000 per month to pensioners under the EPS, 1995, which is in addition to the budgetary support of 1.16% of wages provided annually to the Employees' Provident Fund Organisation (EPFO) for EPS. Furthermore, a High Powered Monitoring Committee (HEMC) had considered the issue of dearness allowance under the EPS, 1995 and had recommended, inter alia, that linking the pension admissible under EPS 95 to the cost-of-living index was not feasible considering the actuarial position of the fund.

EPFO has taken action to implement the directions contained in the Hon'ble Supreme Court's judgment dated 04.11.2022 in a timely manner. An online facility was provided and a total of 17.49 lakh applications for verification of joint options were successfully submitted by pensioners/members by the last date i.e. 11.07.2023, out of which about 15.24 lakh applications were forwarded to EPFO by the employers by the last date i.e. 31.01.2025. As on 24.11.2025, about 99% of the applications received in EPFO have been processed.
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