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2 clusters · 2 sources · 11 days · First seen · Last updated
Indian government pension scheme developments
Overview
India is managing various pension schemes for its workforce, including the Unified Pension Scheme (UPS) and the Employees' Pension Scheme (EPS-95).
As of July 2026, approximately 118,000 central government employees had enrolled in the UPS, which was launched in April 2025. The scheme guarantees a minimum monthly pension of Rs 10,000 and at least 50% of the last salary. Finance Minister Nirmala Sitharaman noted that a one-time “one-way switch” allows employees to revert to the National Pension System if they choose.
Separately, the government addressed demands to increase the minimum monthly pension under the EPS-95 from ₹1,000 to ₹7,500. In response to inquiries in the Lok Sabha following nationwide protests by the EPS-95 National Agitation Committee, Minister of State for Labour and Employment Shobha Karandlaje confirmed that the current minimum remains ₹1,000. The government stated it provides special budgetary assistance to maintain this level while prioritizing the “long-term sustainability of the pension fund and future liabilities.”
Entities
Lok Sabha · Unified Pension Scheme · National Pension System · Ministry of Finance (India) · Ramveer Singh Bidhuri
Timeline
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29 days ago
[POLITICS] 2 sourcesIndian government maintains ₹1,000 minimum EPS-95 pensionThe Indian government clarified in the Lok Sabha that it currently maintains the minimum EPS-95 pension at ₹1,000 per month, with no immediate plans to implement the requested increase to ₹7,500.
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about 1 month ago
[BUSINESS] 2 sourcesIndia Central Govt Employees Enroll 118,000 in Unified Pension SchemeIndia's central government employees have enrolled over 118,000 in the Unified Pension Scheme, a 2025‑launched program offering a guaranteed 50% pension, Rs 10,000 minimum monthly payout, and gratuity benefits.
Sources
newsindialive.in · tv9hindi.com