Major Update for 75 Lakh Pensioners
NEW DELHI - In a landmark decision, the Employees' Provident Fund Organisation (EPFO) has finalized the roadmap for the much-anticipated pension hike scheduled for early 2026. This move is set to benefit over 7.5 million retirees currently under the EPS-95 scheme.
The revised structure focuses on increasing the base minimum pension, which has been a long-standing demand of labor unions and retiree associations. Sources close to the Ministry of Labour and Employment suggest that the minimum payout could see a 100% jump from current levels.
Key highlights of the 2026 update include:
- Standardization of pension calculation formula across sectors.
- Digital-first processing for faster disbursal.
- Inflation-linked adjustments to be introduced biannually.