Tuesday, 29 September 2015

Centre releases Rs 2,000 crore for pension scheme

This is in addition to the Rs 250 crore contributed by the central government as grant-in-aid for providing minimum pension of Rs 1,000 to the pensioners of Employees' Pension Scheme, 1995.

The union government has released Rs 2,000 crore to the Employees' Pension Scheme as its contribution for the year 2015-16, Minister of State for Labour and Employment Bandaru Dattatreya said on Monday.

This is in addition to the Rs 250 crore contributed by the central government as grant-in-aid for providing minimum pension of Rs 1,000 to the pensioners of Employees' Pension Scheme, 1995, the minister said in a statement.

The minimum pension for the EPS pensioners was increased to Rs 1,000 per month in September last year.

It is necessary to infuse additional amount by the central government to sustain the continuance of the minimum pension, the statement added.

The contribution of central government is calculated at the rate of 1.16 percent of the monthly wages of the members contributing to the scheme.

This is in addition to the funding by the employers covered under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, contributing 8.33 percent of the monthly wages of the members of the scheme.

1 comments:

  1. This Group https://www.facebook.com/groups/992700487489203/ is For All India Centre Govt and State Govt Employees of New Pension Scheme Only & to Fight Against New Pension Scheme.
    All India Centre Govt and State Govt Employees who come under NPS and joined after 01.01.2004 should join this group. So that we can unite against new pension scheme.

    This group is all about New Pension Scheme only and to give more and more information about NPS/CPF to Govt Employees of Centre Govt and State Govts.

    ReplyDelete

Enrol PRAN Card