<p>The EPFO’s minimum pension, unchanged for 11 years, is set to increase. The government is seriously considering this, and unions are demanding a hike to Rs 7,000-Rs 10,000 due to inflation. </p><img><p>Speculation has been rife for a long time. 11 years have passed without a hike. Despite long discussions, there’s been no solution. Now, a big update is here.</p><img><p>The government is seriously considering a pension hike for EPFO members. Sources say a decision on the EPFO pension will be made during or after this year’s budget.</p><img><p>Currently, the minimum pension under the EPFO’s Employee Pension Scheme is ₹1,000. This was set in 2014 and has remained unchanged. Now, the EPFO pension is set to increase.</p><img><p>Unions demand the minimum pension be raised from Rs 1,000. They argue that inflation has rapidly increased over the past 11 years, raising costs. They want a monthly pension of Rs 7,000 to Rs 10,000.</p><img><p>Current rules state employees and employers each contribute 12% of salary. The employer’s share is 3.67% to EPF and 8.33% to EPS. Now, the EPFO pension is set to rise. A demand for Rs 7,000-Rs 10,000 has been made.</p>
