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The Indian government recently approved a proposal to increase the pension under the Employees’ Pension Scheme (EPS) 95. This decision has been welcomed by employees across the country and has been long-awaited by retirees who depend on their pension for their livelihood.

The EPS 95 scheme is a social security program for employees in the organized sector and is managed by the Employees’ Provident Fund Organisation (EPFO). Under this scheme, employees contribute a portion of their salary towards their pension fund, and the government also contributes a matching amount. This pension is then disbursed to the retired employees to provide them with a source of income in their old age.

The proposal to increase the pension comes as a relief to many retirees who have been struggling to make ends meet with the current pension amount. The decision to increase the pension will provide financial security to the elderly and help them maintain a decent standard of living.

The details of the proposed increase in pension amount are yet to be disclosed, but it is expected to have a significant impact on the lives of retirees. The move has been hailed as a positive step towards the welfare of retired employees and has been widely appreciated by trade unions and worker organizations.

The EPS 95 scheme has been a cornerstone of social security for employees in the organized sector, and the increase in the pension amount is a welcome development. It reflects the government’s commitment to the well-being of retired employees and is a step towards ensuring that they have a comfortable and secure retirement.

The decision to increase the pension under EPS 95 is a testament to the government’s recognition of the contribution of the elderly workforce and its commitment to their welfare. This move will not only benefit the retirees but also their families who depend on the pension for their sustenance.

Overall, the approval of the proposal to increase the pension under EPS 95 is a positive step towards providing financial security to retirees and ensuring their well-being in their old age. It is a commendable decision that will have a far-reaching impact on the lives of retired employees and their families. As the details of the increase are awaited, it is clear that this latest development in the EPS 95 scheme is a step in the right direction for the welfare of retirees. #EPS9SPENSIONNEWS