EPS-95 pensioners hope relief in next budget, Labor Minister assures pensioners
New Delhi : This budget can be seen as a boon to the pensioners of EPS-95 as the employees who come under the ambit of the Employees Provident Fund Organization's (EPFO) pension scheme 'EPS' may get relief in the upcoming Union Budget. Speculations are rife that an increase in the minimum pension amount may come under the current pension scheme. Besides this announcement, the EPS pensioners believe to get benefits of Atal Pension Yojana (APY) and additional tax exemption in National Pension Scheme. There is also the demand for the monthly dearness allowance of 7500 rupees.
Finance Minister Smt. Nirmala Sitharaman will be presenting the budget for 2020-21 on February 1st. Several labor organizations say that when the government can implement a provision to grant pension of Rs 3,000 to the employees and businessmen working in the unorganized sector, then there it becomes irrelevant to giving lesser pension amount to the employees working in the organized sector.
Struggling with the damands to increase the pension of EPS 95 employees, National Convenor of the Committee Commander Ashok Raut said, "We met the Labor Minister last year in December and had raised our demands in front of him. In a 4-hour meeting, we demanded to increase the minimum pension of employees under the purview of EPS. In the next meeting held on January 27 this, the Minister assured our demands to be fulfilled. We also informed the honorable minister about the sit-in movement at Buldhana (Maharashtra) which has been going on continuously for last 401 days. Now we hope that the government will accept our legitimate demands and millions of pensioners will be relieved after the go-ahead sanction."