Increasing minimum pension under PF pension optees

Increasing minimum pension under PF pension optees

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
RAJYA SABHA

UNSTARRED QUESTION NO-834
ANSWERED ON-16.07.2014

Increasing minimum pension under PF pension optees

834 . Shri T.K. Rangarajan
(a)whether there is any proposal to increase the minimum pension of Provident Fund (PF) pension optees and if so, by what amount;
(b)whether it would be retrospective;
(c)by when the proposal would be implemented; and
(d)the number of subscribers going to be benefited as on date?

ANSWER

MINISTER OF STATE FOR STEEL, MINES, LABOUR & EMPLOYMENT
(SHRI VISHNU DEO SAI)

(a): Yes, Sir. The minimum pension shall be of Rs. 1000/- per month to member and widow(er) pensioners under Employees’ Pension Scheme, 1995 for the financial year 2014-15.

(b) & (c): The details are being worked out.

(d): The number of persons expected to be benefited under Employees’ Pension Scheme, 95 from this notification is 28 lakh (approximately).

source-http://rajyasabha.nic.in/