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Minimum pension of ₹ 1000/- per month in perpetuity to Pensioners of Employees Pension Scheme 1995

Dated:- 30-4-2015 - The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for continuation of the minimum pension of ₹ 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 ₹ 850 .....

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ed 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 .....

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