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EPS 95 setback: Government cites EPS fund deficit; will the minimum Rs 1,000 pension stay unchanged?

EPS-95 pensioners hoping for a pension hike will likely be disappointed. The Labour Ministry confirmed an actuarial deficit in the Employees' Pension Scheme, meaning it's not generating enough to cover current payouts. This financial strain makes increasing minimum or maximum pension benefits improbable in the near future, despite ongoing demands.