Wednesday, April 15, 2015
Cabinet Note prepared for Minimum Pension of Rs. 1,000.
The strong protest from the Central Trade Unions has compelled the government to take immediate action for the restoration of Rs. 1,000 as Minimum Pension to those in the EPS Scheme. Many of these EPS subscribers were getting much less than Rs.1,000 as pension.
After sustained efforts of the trade unions, the government increased the minimum pension to Rs. 1,000 but for one year only, which is over by March 2015. The protest from the CTUs has some result.
A cabinet note is being prepared for issue of orders for Rs. 1,000 as Minimum Pension in perpetuity. The orders should be issued before 30th April so that the existing pension is not reduced.