• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • DoPT
  • MACP
  • OROP
  • CSD
  • CG News Android App

CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

  • 7th CPC
  • Railways
  • Pension
    • Retirement Age
  • Expected DA
    • Dearness Allowance
    • Dearness Relief
  • Defence
    • CGDA
  • EPFO
    • Employees News
      • KV School
      • Promotion
      • Maternity Leave
      • Reservation
      • LTC
    • ESIC
  • CGHS
  • MACP
  • Postal Dept
You are here: Home / Employees News / Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995
Cabinet approved 3% DA from Jan 2022 PDF
28% to 31% Revised DA Order 2021 for Central government employees due from 01.07.2021
CENTRAL GOVERNMENT HOLIDAY LIST 2023
CGHS Updated Rate Card 2021 PDF Download
Latest List of KV Schools in India | Contact Details of KVS Region Wise List 2022-2023 PDF
Central Government Holiday Home List 2022
Expected DA 2022
7th Pay Commission Latest News 2022
Latest DoPT Orders 2022
MACP for the Central Government Employees

Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995

April 29, 2015 by admin Leave a Comment

Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for continuation of the minimum pension of Rs. 1,000/- per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond the financial year 2014-15 on perpetual basis. Currently, it is effective only upto March, 2015. The Cabinet also approved corresponding grant of continuous annual budgetary support for implementing the minimum pension which will be to the tune of Rs. 850 crore per year on a tapering basis.

Providing a minimum pension of Rs. 1000/- per month is an effort to provide meaningful subsistence to pensioners who have served in the organized sector. The present proposal is likely to benefit approximately 20 lakh pensioners under EPS, 1995.

Background:

A large number of member pensioners under the EPS, 1995 receive low pensions which is not commensurate with the growing cost of living. The primary reason behind a meager pension is that it is calculated on the basis of pensionable service and average of last sixty months’ wages. If either of them is low, the pension amount will also be low. This is largely seen in cases of employees of seasonal industries. Further, pensioners who were earlier members of the erstwhile Family Pension Scheme, 1971 have been given past service benefits for determining pension as per Para 12 of the Employees’ Pension Scheme. This has resulted in fixation of low pension for these pensioners.

The Union Cabinet has in its meeting in February, 2014 accorded approval to the proposal for ensuring a minimum pension of Rs. 1,000/- per month for the pensioners of EPS for the financial year 2014-15 by way of providing budgetary support of Rs. 1217.03 crore. Based on the approval of the Union Cabinet, the Employees’ Pension Scheme, 1995 (EPS) was amended on 19.08.2014 to incorporate the provision for providing a minimum pension of Rs. 1,000/- per month for the financial year 2014-15.

After the issue of the Gazette Notification dated 19.08.2014 (with effect from 01-09-2014), the Employees’ Provident Fund Organisation (EPFO) has commenced disbursing the revised pension from the month of September, 2014. The number of pensioners who have been benefited by the minimum pension provision, which has been compiled from the actual disbursement of pension made by the offices of EPFO after the implementation of the notification, is according to the table below:

Month Number of Pensioners affected Amount as per original pension (Rs. Crore) Amount paid after Minimum Pension Notification (Rs. Crore) GOI support
September 2014 19,19,756 104.17 165.98 61.81
October 2014 19,32,515 104.14 166.99 62.84
November 2014 19,42,476 104.69 168.18 63.49
December 2014 19,47,750 106.73 170.68 63.95
January 2015 15,13,827 94.72 148.75 54.03
February 2015 16,80,533 103.00 160.15 57.15
March 2015 17,65,307 99.25 158.39 59.13

Source: PIB News

Related to Your Search:

  • Hike contribution to raise minimum pension: EPFO to Government
  • DEMAND TO INCREASE MINIMUM PENSION UNDER EPF PENSION SCHEME
  • Measures for pension beneficiaries under EPF
  • EPFO: Minimum monthly pension of Rs 1,000 to be a reality this month
  • New policy for pension holders
  • Provision of Minimum Pension of Rs.1000 per month the Pensioners under the Employees Pension Scheme 1995
  • One Rank One Pension gets ex-post facto Cabinet nod
  • Minimum Pension – Ministry of Labour & Employment
  • Minimum Monthly Pension and wage ceiling hiked by EPFO

Filed Under: Employees News, EPFO, General news, Latest News, Pension Tagged With: Central Government Employees News, EPFO, EPFO Employees, minimum pension, Pension, Pensioners Issue, Pensioners of Employees Pension Scheme

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


CENTRAL GOVT HOLIDAY LIST 2023

Indian Railway Holiday List 2023 PDF | Postal Holidays List 2023 India Post | Bank Holidays List 2023 India | LIC Office Holiday List 2023 PDF Download | ESIC Holiday List 2023 PDF Download | CGHS Holiday Calendar List 2023 | CENTRAL GOVT HOLIDAY LIST 2022 | Post Office Holidays 2022 | Railway Holidays CG Office Holidays 2022 | TN Govt Holidays 2022 | KVS Holiday List 2022 PDF

Primary Sidebar

Important Dates for
KVS Admissions in 2022-2023
Admission DetailsDate
Registration Starts On28.2.2022
Registration Ends On11.4.2022
1st Selection List25.3.2022
2nd Selection List01.4.2022
3rd Selection List08.4.2022
Registration Class 208.4.2022
Selection List Class 221.4.2022
Last Date for Admission 30.6.2022
KVS Class 1 Admission Selection List 2022 and Result Release Date
Important Central Government Employees Orders

  • MACP Scheme for Original Order Dated May 2009
  • 7th Pay Commission Revised Pay Matrix Table for Central Government Employees – Pay Matrix Level 12
  • CSD Canteen Price List 2021
  • CSD Latest Price List of Samsung Electronics items
  • CSD Military Canteen Products List 2020
  • CSD - Eligibility to buy cars 2020
  • FAQ - Central Government Employees - CCS
  • FAQ - Indian Air Force Pensioners
  • FAQ - About NPS

Archives – CG News

Categories

  • 6CPC (174)
  • 7CPC (2,045)
  • 8th Pay Commission (6)
  • Additional DA (5)
  • AICPIN (153)
  • Allowance (366)
  • Bonus (212)
  • BSNL (94)
  • CCS (186)
  • Central Government Jobs (178)
  • Central Govt Holiday Homes (5)
  • CGDA (118)
  • CGHS (457)
  • CPSE (63)
  • CSD (71)
  • CSS (113)
  • DA Over 50% (124)
  • Dearness Allowance (684)
  • Dearness Relief (82)
  • Defence (603)
  • Directorate of Estates (58)
  • DOPT Orders (1,409)
  • ECHS (10)
  • Employees News (2,457)
  • EPFO (207)
  • ESIC (28)
  • Expected DA (416)
  • expected da january 2020 (9)
  • Fin Min Order (3)
  • General news (1,996)
  • GFR (1)
  • GST (48)
  • Holidays (188)
  • HRA (82)
  • Income Tax (233)
  • IT Exemption (90)
  • KV School (288)
  • Latest News (1,304)
  • LDC-UDC (73)
  • Leave Rules (17)
  • Loan (16)
  • Lok Sabha Elections 2019 (15)
  • LTC (221)
  • MACP (254)
  • Maternity Leave (8)
  • NPS (92)
  • OROP (160)
  • Pension (1,260)
  • Postal Department (476)
  • Promotion (210)
  • Railways (1,531)
  • Rank Pay (57)
  • Reservation (100)
  • Retirement Age (187)
  • TDS (2)
  • Uncategorized (1)
  • Wages (1)

Recent Comments

  • Y.P. Bhatt on CPAO’s Instructions: Simplification of pension process for permanently disabled children/siblings and dependent parents
  • GD Songh on Revised rates of stipend to Railway apprentices and trainees
  • Vikash Kumar on Pension Call Centre – New Toll Free Number
  • A on CPSEs Revision of pay scales – BSNL IDA rates from July 2021
  • Alka Kalyani on CPSEs Revision of pay scales – BSNL IDA rates from July 2021

7th CPC DA Arrears Ready Reckoner Tables for all Level

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-1 (GP 1800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-2 (GP 1900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-3 (GP 2000)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-4 (GP 2400)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-5 (GP 2800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-6 (GP 4200)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-7 (GP 4600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-8 (GP 4800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-9 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-10 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-11 (GP 6600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-12 (GP 7600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13 (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13A (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-14 (GP 10000)

Pay Matrix Table for Air Force PBORs

7th Pay Commission Option Form Ready Reckoner For All Grade pay

central government news
Follow us on : facebook-central-government-news twitter-central-government-news pinterest-central-government-news

Footer

Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | expected pay central govt employees | latest news macp central govt employees | Central govt employees news 7th pay commission

central government employees news

Central Government News App for Android Users – Free!! Download Now

 

7th CPC | CGDA | CGHS | CPSE | CSD | CSS | Dearness Allowance | Dearness Relief | Defence | DOPT Orders |
EPFO | ESIC | Expected DA | GST | Holidays | HRA | Income Tax | KVS | Leave Rules | LTC | MACP |
Maternity Leave | NPS | OROP | Pension | Postal Department | Promotion | Railways | Rank Pay | Reservation | Retirement Age

Copyright © 2022 · Magazine Pro on Genesis Framework · WordPress · Log in