Parliamentary Panel Recommends Review of Rs 1,000 Minimum EPS Pension Amid Government's Sustainability Focus

The government maintains the minimum Employees' Pension Scheme (EPS) pension at Rs 1,000 per month, emphasizing fund sustainability and offering an online option for higher contributions. Meanwhile, a Parliamentary panel has recommended a comprehensive review to raise this minimum, citing pensioners' demands for Rs 7,500 due to rising living costs. The government currently provides budgetary support to sustain the Rs 1,000 pension, but the panel considers it insufficient for basic needs, reflecting ongoing debates on pension adequacy.