look news india
Business Desk, New Delhi. The year 2026 has started with a big good news for millions of employees and retired people working in the private sector in India. Employees’ Provident Fund Organization (EPFO)EPFO) has taken a historic decision to increase the monthly pension amount, giving huge relief to crores of pensioners. This decision is no less than a boon for those elderly people, who depend only on the pension amount for their daily needs and health related expenses.
In the era of inflation, the elderly got the shield of ‘economic security’
In view of the ever increasing inflation and high cost of living, this step of EPFO is being considered highly commendable. The rising prices of food items, medicines and electricity bills had broken the backs of senior citizens. In such a situation, this increase in pension will not only give relief to their pockets, but will also make them self-reliant. The organization believes that the employees who have given the golden years of their lives to the service of the country and the private sector, have every right to live a dignified life after retirement.
The real purpose behind pension increase
The main goal of this initiative of EPFO is to make the social security system more effective and inclusive.
Self-reliance: To make the elderly financially independent so that they do not depend on others for their needs.
Right to equality: To provide better social security to private sector employees like government employees.
Future Expectation: This decision is not only for the current pensioners but also gives hope for a secure future for the youth who are going to retire in the coming times.
EPS (Employee Pension Scheme): How is your amount decided?
Employee Pension Scheme is one of the most important schemes of EPFO. In this, private sector employees deposit a part of their salary regularly.
Importance of service period: Your pension amount depends on your total service period and average salary.
Mathematics of Contribution: The rule is simple—the longer your job and the higher your contributions, the better your pension. After the recent reforms, now the amount has been increased by changing the pension calculation formula, which will directly benefit crores of employees.
Important for pensioners: Take special care of these 3 things
To get the benefit of increased pension amount without any interruption, pensioners will have to complete some important procedures:
KYC Update: Make sure that your bank account, Aadhaar number and mobile number are correct with your uan Linked to and updated.
Life Certificate: Do not forget to submit the ‘Digital Life Certificate’ letter on time to continue your pension.
Nominee Details: Keep the nominee information updated in your account so that the family does not have to face any legal hurdles in future.
Expert advice for young employees
Financial experts say that this news is also a lesson for the current working youth. Retirement planning should not be done in old age, but at the beginning of one’s career. Keep your UAN number active, monitor your PF and pension account from time to time and stay updated with the new EPFO rules. Only financial planning done at the right time will make your future secure and happy.
