EPS 95 PENSIONERS LATEST UPDATE FROM LOK SABHA, MINIMUM PENSION HIKE, COMMUTATION OF PENSION, EPS PENSION REVISION

GOVERNMENT OF INDIA

MINISTRY OF LABOUR AND EMPLOYMENT

LOK SABHA

UNSTARRED    QUESTION NO:    3518

ANSWERED ON:     16.03.2020

EPS 95 Pension Hike Latest News Search Below:

Employees’ Pension Scheme (Amendment) Scheme,2020
DNV Senthilkumar. S.
Supriya Sadanand Sule
Subhash Ramrao Bhamre
Kuldeep Rai Sharma
Amol Ramsing Kolhe
Shriniwas Dadasaheb Patil

Will the Minister of
LABOUR AND EMPLOYMENT    be pleased to state:-

(a)whether the Government has amended and introduced the Employees’ Pension (Amendment) Scheme (EPS), 2020, if so, the details thereof;

(b)the number of employees enrolled under EPS at present, State/UT-wise;

(c)the details of the amount distributed under EPS during each of the last three years and the current year, State/UT-wise; and

(d)whether the Government has received any representations/complaints from various labour groups against the defects in EPS, 1995 for its suitable amendments and if so, the details of corrective actions taken against the said problem?

ANSWER

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT

(SHRI SANTOSH KUMAR GANGWAR)

(a) to (d): Representations have been received from individual Employees’ Pension Scheme (EPS), 1995 pensioners as well as various pensioners associations raising issue of amendments in EPS, 1995 as well as demands, inter-alia, regarding enhancement of minimum monthly pension and restoration of commuted value of pension.

Considering the demands of EPS, 1995 pensioners, the Government had constituted a High Empowered Monitoring Committee for complete evaluation and review of EPS, 1995. Based on Committee’s recommendation, the Government vide Notification G.S.R. No. 132(E) dated 20.02.2020 has notified decision to restore normal pension after completion of fifteen years from the date of such commutation, in respect of those members who availed the benefit of commutation of pension under the erstwhile paragraph 12A of this Scheme, on or before the 25th day of September, 2008.

The State/UT-wise details of number of employees enrolled under EPS, 1995 at present are at Annexure I.

The State/UT-wise details of the amount distributed under EPS, 1995 during each of the last three years including the current year are at Annexure II.