Government Clarifies No Minimum Pension Scheme Proposal

The government has clarified that there is no proposal to introduce a minimum pension scheme for all citizens.

This clarification was provided by the Minister of State for Labour and Employment, Shobha Karandlaje, in response to a question in the Rajya Sabha.

Instead, the government highlighted the provisions of the Code on Social Security, 2020, which aims to extend social security benefits to workers in the unorganised sector, including gig and platform workers.

The government also explained the operations of the Employees' Pension Scheme (EPS), 2026, and clarified that there is no deadline for filing claims under this scheme.

Additionally, it was disclosed that ₹9,330.56 crore was lying in inoperative Employees' Provident Fund (EPF) accounts as of March 31, 2026.