Union Budget 2025: The central government can make a big announcement for private employees in the 2025 budget. According to sources, this time in the Union Budget, a minimum pension of ₹ 7500 can be proposed for private employees. If it is implemented, it can be a big relief for the employees, because at present very little pension is available.

What is the demand for increasing pensions?

Recently, employee organizations met Finance Minister Nirmala Sitharaman and one of their main demands was to increase the minimum pension to ₹ 7500 per month. At present, private employees get only ₹ 1000 per month pension under the Employees' Provident Fund Organization (EPFO), which was fixed at ₹ 1000 10 years ago, i.e. in 2014. Earlier, the pension amount was less, but that change gave some relief to the employees. Now the time has come to increase this pension further to provide better financial security to the employees.

What was the last change?

Last time, in 2014, the government had increased this pension to ₹ 1000 per month, which was an increase made 10 years ago. However, inflation has increased a lot since that time, and a pension of ₹ 1000 is no longer enough. That is why, employees are demanding that the pension should now be increased to ₹ 7500 per month so that they can make their life comfortable after retirement.

Why is this demand being made?

Inflation and standard of living: Inflation has increased manifold in the last few years. A pension of ₹ 1000 is no longer that helpful. Employees say that a pension of ₹ 7500 will at least be enough to meet their basic needs after retirement.

Health care and other expenses: Many employees face health problems after retirement. With a pension of ₹ 7500, they can afford their health care.

Social security: Employees say that the government should ensure their social security, especially when they are at this stage of their age when the ability to work starts decreasing.

Who met the Finance Minister?

Representatives of employee organizations, All India Trade Unions Congress (AITUC), and Bharatiya Shramik Mahasangh (BMS) met Finance Minister Nirmala Sitharaman. These organizations presented their demands and talked about increasing the pension and also urged the government to improve other facilities for the employees.

What can be the benefit in this?

Improvement in the standard of living of employees: A pension of ₹ 7500 will improve the quality of life after retirement.

Improvement in employee welfare: Employees will get the necessary help to live a better and stable life after retirement.

Social responsibility of the government: This step will be a way for the government to fulfill its social responsibility towards private employees.

If the central government includes this proposal in Budget 2025, it will be an important step for private employees. Employees have been waiting for this increase for a long time, and now they believe that the government will understand their needs and work to improve their living conditions. It is expected that the Finance Minister can include it in Budget 2025.

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