The Allahabad HC has ruled in favour of retired HAL employees seeking higher pension benefits under the Employees’ Pension Scheme (EPS), providing major relief in an ongoing dispute with the EPFO. The court held that statutory pension rights cannot be restricted through internal trust rules imposing salary ceilings.
The proposed hike in minimum EPS pension from Rs 1,000 to Rs 7,500 could significantly change retirement income for lakhs of private sector pensioners in India. The move is expected to provide major relief to retirees struggling with rising medical, food, and household expenses.
EPFO subscribers may soon get faster access to their provident fund money through ATMs and UPI under the proposed EPFO 3.0 framework. The upgrade is expected to simplify PF withdrawals, reduce paperwork, and speed up claim processing for millions of members.
With the integration now live, Federal Bank customers can securely process EPFO payments online without visiting physical offices.
This EPFO Update Could Change Your Retirement Money Forever | PF | E-PRAAPTI
The Centre is evaluating a long-pending proposal to raise the minimum pension under EPS-95, with pressure mounting to increase the current ₹1,000 payout. The move comes alongside broader EPFO reforms, including faster claim settlements, interest credits, and easier fund access.
The portal, called E-PRAAPTI, will use Aadhaar-based authentication to enable members to access old EPF accounts, update their profiles, and complete UAN linking and activation.
EPFO is set to introduce key reforms, including a new portal to track dormant accounts and a simplified Form 121 for TDS compliance. At the same time, a proposal to raise EPS pensions is under active consideration. These changes reflect a broader push toward digitisation, efficiency, and stronger retirement security.
CBT had approved 8.25% return in February; credit into members’ accounts post notification
EPFO to launch E-PRAAPTI portal to facilitate identification, tracking, UAN linking and activation of old EPF accounts
EPFO 3.0 has made PF withdrawals faster and more flexible, lowering eligibility barriers and simplifying rules. But experts warn that easier access could weaken retirement discipline and reduce long-term savings.
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