Minimum Monthly pension under  EPF  will be Rs.1000/-

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.                 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. //pib news//.