The scheme was initially effective only till last month
Government decided to continue its Rs1,000 per minimum monthly pension scheme in perpetuity, a move which would benefit over 20 lakh pensioners under social security scheme run by EPFO
New Delhi: The government on Wednesday decided to continue its Rs1,000 per minimum monthly pension scheme in perpetuity, a move which would benefit over 20 lakh pensioners under social security scheme run by EPFO. The scheme was initially effective only till last month.
“The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval for continuation of the minimum pension of Rs 1,000 per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond 2014-15 on perpetual basis. Currently, it is effective only up to March, 2015,” an official press release said. Retirement fund body EPFO had suspended the Rs1,000 minimum monthly pension scheme from April 1.
( Source : PTI )
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