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Business·hierRésumé IA
Employee Unions Demand Higher EPS Pension, Government Doesn't Announce Raise; EPS 2026 Replaces 1995 Scheme
Employee unions in India demand an increase in the minimum Employees' Pension Scheme (EPS) amount from Rs 1,000 to Rs 7,500. The government, through Minister Shobha Karandlaje, did not announce any raise, citing fund sustainability. Meanwhile, the new EPS 2026 scheme has replaced EPS 1995, introducing faster claim settlements and higher interest, while pension calculation formulas remain unchanged.
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Economic Times2 min de lecture
