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.
vann