EPFO members awaiting a higher minimum pension under the EPS-95 scheme may get relief soon. The Ministry of Labour and Employment is reportedly considering raising the minimum monthly pension from the current Rs 1,000. If approved, the change is expected to benefit a large set of eligible pensioners whose payouts currently sit at or near the minimum threshold.
Labour and employment minister Mansukh Mandaviya said EPFO settled 6.103 million claims in April 2026, with 74% of PF advance requests handled in auto mode and 98.70% of claims settled within 20 days. The push is powered by EPFO 3.0, a digital overhaul for instant, paperless withdrawals. He also indicated the minimum pension under EPS-95 could be raised.
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