Pension scheme: Every person wants to spend the evening of life with peace and respect. When the whole life is spent in hard work, then financial security after retirement becomes everyone’s right. This is the reason why the recent changes made under the EPS-95 scheme are no less than a good news for lakhs of pensioners. Now pensioners will get not just ₹2000 or ₹2200, but a monthly pension of up to ₹2420 along with 17% dearness allowance. This increased amount will help them to fulfill their life’s needs with full confidence and respect.
Table of Contents
Monthly pension increased to ₹2420: Pensioners will now feel financially secure
After the government announced a 10% increase in the EPS-95 scheme, the monthly pension of pensioners has now reached ₹2420. Earlier, where an amount of ₹2000 or ₹2200 barely met the basic needs, now this increased amount is making them feel relieved and self-respect. It is not just a number, but also a proof of stability and confidence in their lives.
17% Dearness Allowance: Now every pensioner will get additional support to fight rising inflation
Under the EPS-95 scheme, the Dearness Allowance (DA) has been increased by 5%, which now makes the total DA 17%. This was a necessary step in this era of rising prices, which will now give relief to pensioners from daily life expenses. Whether it is for medicines, household items or travel expenses – this additional DA will make their life a little easier.
Benefits will be available automatically without any application: Government has made the process simple and transparent
The most relieving thing is that no special application is required to take advantage of these changes. Every eligible pensioner will automatically get this increased amount in their bank account. The government has ensured that there is no problem in the process and pensioners do not have to wander here and there for their rights.[Related-Posts]
Future of EPS-95 scheme: More relief expected for pensioners
The intention of the government shows that the EPS-95 scheme will be improved further according to the time. There may be further improvement in pension amount and DA in the coming years. Also, digital assistance, helpline numbers, and online facilities are also being continuously strengthened for pensioners.
Disclaimer: This article has been prepared for information and public awareness purposes only. Please confirm with the concerned department or government portal before taking any decision related to any government scheme. The amount and benefits given in the article may change over time as per the government notification.
Join WhatsApp Group
Gr8