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StaffCorner

07 Jul, 2014 04:50 PM

Proposal For Rs 1,000 Min Month Pension Approved

Proposal For Rs 1,000 Min Month Pension Approved The Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees’ Provident Fund Organisation (EPFO), Parliament was informed on Monday.

The decision of the government would immediately benefit 28 lakh pensioners including 5 lakh widows getting less than Rs 1000 as pension every month. In all, there are 44 lakh pensioners under the EPS-95 scheme.

The proposal was already approved by the UPA government for the current financial year but could not be implemented as it was not notified.



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