• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

DA to EPF Pensioners

May 8, 2013 by rajasinghmurugesan Leave a Comment

DA to EPF Pensioners

Press Information Bureau
Government of India
Ministry of Labour & Employment

DA to EPF Pensioners
 
As per the statistics available upto  31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is  around 12 lakh and those receiving more than Rs. 500  and less than Rs.1000/- is around 16.05 lakh.
 
A number of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted an Expert Committee for reviewing the Employees’ Pension Scheme, 1995 on 12.06.2009.  The recommendation of the Expert Committee was considered by Pension Implementation Committee (PIC), a sub-Committee of Central Board of Trustees (CBT), Employees’ Provident Fund (EPF), which inter-alia recommended that a minimum monthly pension under Employees’ Pension Scheme, 1995 be increased to Rs. 1000/- per month as an interim measure. The recommendation of the PIC was considered by CBT, EPF. However, the discussion remained inconclusive. A proposal for providing minimum pension of Rs. 1000/- under EPS, 1995 is under consideration of the Government.
            
  Central Government appoints Valuer under Para 32 of the Employees’ Pension Scheme, 1995 for annual valuation of Employees’ Pension Fund. Depending on the valuation report, the Central Government declared additional relief whenever Pension Fund permitted to do so. From 5th valuation of Employees’ Pension Fund as on 31.3.2001, the fund is showing continuous deficit, therefore, pension could not be revised by the Central Government.
                              
However, the following categories of pension were increased w.e.f. 29.01.2000 in the following manner:

Category of Pension

Increased from

Increased to

Widow/Widower Pension

Rs. 250/-

Rs. 450/-

Children Pension

Rs. 115/-

Rs. 150/-

Orphan Pension

Rs. 170/-

Rs. 250/-

On the basis of the annual valuations carried out by the valuer appointed by the Central Government, the Central Government grants relief to pensioners, if the Employees’ Pension Fund shows surplus. The first four valuations showed surplus and accordingly relief of 4%, 5.5%, 4% & 4% was granted during 1996 to 2000. However, no relief has been declared by the Central Government after 31.03.2000 as the fund is showing continuous deficit thereafter.
 
This information was given by Minister of State for Labour & Employment Shri  Kodikunnil Suresh in the Rajya  Sabha today in reply to a written question.

source-pib

Filed Under: Dearness Allowance (DA) News For Central Government Employees News

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary