A viral letter claiming an increase in minimum pension under the Employees’ Pension Scheme (EPS) has been circulating on social media platforms, including WhatsApp and Facebook, prompting questions about its authenticity. The message suggested a possible change in monthly pension benefits. EPFO has clarified that the claim is not genuine.
EPFO Clarification on Viral EPS Pension Letter
EPFO, in a post on X (formerly Twitter), said, “Attention! The letter being circulated on the increase in minimum EPS pension is completely fake.” EPFO has flagged the viral document as “fake” across its official social media handles and online portals, clarifying that there is no change or increase in the minimum EPS pension.
Minimum Pension and EPS Eligibility
The Employees’ Pension Scheme (EPS) is managed by the Employees’ Provident Fund Organisation (EPFO), which covers employees working in both public and private sector organisations. It is one of the key retirement benefit schemes in the organised sector. The scheme currently offers a minimum pension of Rs 1,000 per month. The scheme is mandatory for employees earning up to Rs 15,000 per month, while others can also opt in under certain conditions.
To be eligible for EPS pension benefits, an employee must complete a minimum of 10 years of eligible service. The pension is payable from the age of 58 years, as per the scheme rules.
Eligible employees under EPS receive a minimum pension of Rs 1,000, whereas the amount can be higher based on pensionable salary and years of service. The monthly pension under EPS is calculated using a fixed formula where Pensionable Salary is multiplied by Pensionable Service and then divided by 70.
Don’t fall for this kind of fake messages or links related to pension updates, as they can also be used for fraud or to mislead people on social media. It’s better to rely only on official EPFO announcements and trusted government sources for correct information and avoid sharing unverified claims online.
