Ministry of Labour & Employment
Hike in Pension

25 NOV 2019

Government of India in February, 2019 launched Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), a voluntary and contributory pension Scheme, for the benefit of unorganized workers, as per eligibility. The scheme assures minimum monthly pension of Rs. 3000 to the beneficiaries after attaining the age of 60 years. All unorganized workers, in the age group of 18-40 years, whose monthly income is up to Rs. 15,000 and who are not members of Employees’ Provident Fund Organization or Employees’ State Insurance Corporation or National Pension System (Government contributed) and are also not income tax payers, are eligible to enroll under the Scheme. The subscriber is required to pay the prescribed monthly contribution amount and the Central Government provides the equal matching contribution. This Scheme is implemented through Life Insurance Corporation of India. Enrollment under the Scheme can be done through any of the Common Service Centres across the country.

Also check: Hike Pensioners pay who is at the age of 80 yrs and above of Maharashtra Pensioners from 1.1.2019

Further, vide notification No. G.S.R. 593 (E) dated 19.08.2014, a minimum pension of Rs. 1000 per month has been fixed with effect from 01.09.2014 for the pensioners under Employees’ Pension Scheme (EPS), 1995 framed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, applicable to establishments which belong to industries and classes of establishments listed in Schedule-I and where number of employees is 20 or more. No decision has been taken at present to further enhance the minimum pension under EPS, 1995.

Further, Atal Pension Yojana (APY) was launched in May, 2015, by the Government of India, and Indian Citizens between the age group of 18 to 40 years are eligible to join APY through their savings bank account or post office savings bank account. Depending upon the pension plan selected, each subscriber under APY shall receive a guaranteed minimum pension of Rs. 1000/- per month or Rs. 2000/- per month or Rs. 3000/- per month or Rs. 4000/- per month or Rs. 5000/- per month, after the age of 60 years until his/her death.

This information was given by Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment in written reply to a question in Lok Sabha today.

PIB

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IAS and IPS officers, who have retired before 2006, will get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of 33-years of service for earning full pension.
The move comes after the Department of Pensions and Pensioners Welfare decided that the revised consolidated pension of pre-2006 pensioners shall not be lower than 50 per cent of the minimum of the pay in the pay band and the grade pay even if they had served for less than 33 years at the time of retirement.

Necessary orders directing concerned authorities to calculate the revised pensions in respect of central government pensioners, excluding retiree officers of three all India services — Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFoS) — have already been issued.

It has been now decided that the same provisions “shall be applicable mutatis-mutandis (as mentioned in earlier order issued in this regard) to all India service pensioners of pre-2006″, said a communique sent to all chief secretaries of state governments and union territories administration by the Personnel Ministry.

As per rules, a central government servant is entitled to receiving superannuation pension on completion of at least 10 years of service. With effect from January 1, 2006, pension is calculated with reference to average emoluments — the average of the basic pay drawn during the last 10 months of service or last basic pay drawn whichever is higher.

Before 2006, for service of less than 33 years, amount of pension was proportionate to the actual service broken into completed half-year periods.

PTI

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New Delhi: Pre-2006 pensioners will now get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of having 33-year service for earning full pension.

The Department of Pensions and Pensioners Welfare has decided that the revised consolidated pension of pre-2006 pensioners shall not be lower than 50 per cent of the minimum of the pay in the pay band and the grade pay even if they had served for less than 33 years at the time of retirement.

As per rules, a central government servant is entitled to receiving superannuation pension on completion of at least 10 years of service. With effect from January 1, 2006, pension is calculated with reference to average emoluments — the average of the basic pay drawn during the last 10 months of service or last basic pay drawn whichever is higher.

Before 2006, for service of less than 33 years, amount of pension was proportionate to the actual service broken into completed half-year periods.

Several petitions were filed in Central Administrative Tribunal and in Supreme Court against this.

“The arrears of revised pension would be payable with effect from January 1, 2006,” said the government order No. 38/37/08-P&PW (A) issued on April 6.

All ministries have been asked to revise pension of all those pre-2006 pensioners who had rendered less than 33 years of service at the time of retirement. Revised Pension Payment Orders in all these cases may also be issued immediately, it said.

PTI

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