(a)whether the Government proposes to hike minimum pension to Rs. 7500 per month under EPS-95 scheme;
(b)if so, the time by when it is likely to be done;
(c)whether the Government proposes for interim relief prior to finalization of minimum pension per month therein;
(d) if so, the details thereof; and
(e) if not, the reasons therefor?
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)
(a) to (d): No, Madam. There is no such proposal.
(e): The Employees’ Pension Scheme (EPS), 1995 is a self-funded Scheme with contribution @ 8.33 per cent of wages from employer. Further, Government contributes 1.16 per cent of wages in EPS, 1995 upto a salary limit of Rs. 15,000/- per month. The Government has also fixed minimum pension to Rs. 1000/- per month under EPS, 1995 by providing budgetary support keeping in view the widespread demand with effect from 01.09.2014.
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