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EPS was introduced in the year 1995 to help employees in the organised sector. Read this to know why pensioners are protesting now
Pensioners under the Employees' Pension Scheme 1995 (EPS-95) started a protest in 200 cities, including the national capital, from Wednesday to press for a higher pension of Rs 7,500 per month along with dearness allowance (DA) and medical facility to self and spouses. A delegation of the beneficiaries met Prime Minister Narendra Modi in the past and their protest is continuing since 2018 in Buldhana in Maharashtra, according to a Press Trust of India (PTI) report.
National Action Committee convenor Ashok Raut said in a statement, "Our struggle is for justice to the beneficiaries of EPS-95 and it is continuing for the past seven years. Under the leadership of BJP MP Hema Malini, we met the Prime Minister twice and he had given assurance, but still, the matter is lingering".
What is the EPS-95 scheme and what are the current provisions?
EPS was introduced in the year 1995 to help employees in the organised sector. It provides pension benefits to employees after their retirement, with a minimum pension of between Rs 1,000 to Rs 2,000 per month and other facilities.