When the pension scheme EPS 95 was formed, the aim was to give around or upto Rs. 1000 as pension to a retired employee after 30-35 years of active service on EPF contribution.
This amount in the situation may be called more or less alright in 1995 when the basic pay of CJ, High courts and CMs of states were around 9000.00 per month. So, Rs1000 as monthly amount was satisfactory as pension at that time with low pay structure.
The mistake occurred as no consideration of DA was thought to be included in the pension consideration. The EPFO committee could not think that change in economy and DA would be so drastically high in future.
But there is pay commission which regulates the pay of PSU employees (may be similar actions in Pvt co. too) and the EPS pension is linked to employees monthly payment in progressive time.
By virtue of consideration points adopted by pay commissions for the revision of pay of serving employees, the revision in pension amount (without DA) of living EPS95 pensioners must be done in justified manner accordingly in each sitting of pay commission after a period of 5 years.
This shall be an additional valid point of natural justice in Supreme court while considering the case of our pension.
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