Question : REVIEW OF PENSION SCHEME



(a) whether the Government propose to review the existing pension schemes and set up a pension fund for Government Employees;

(b) if so, the details thereof;

(c) whether the Government have sought the view of Government Employees` Organisations in this regard;

(d) if so, the details thereof; and

(e) the decision of the Government thereto?

Answer given by the minister


MINISTER OF STATE OF DEPARTMENT OF PERSONNEL AND TRAINING AND DEPARTMENT OF PENSIONS AND PENSIONERS WELFARE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (SMT. VASUNDHARA RAJE)

(a) to (e) : Various proposals to review the existing pension scheme of the Central Government Servants including creation of a Pension Fund and related recommendations of the Fifth Pay Commission are being debated in various Government and non-Government fora. The subject of creation of Pension Fund has also figured in discussions of the Standing Committee of the Joint Consultative Machinery (JCM) of the Central Government.

No final decision been taken by the Government to create a Pension Fund for the Central Government servants.