Minimum pension scheme to be launched tomorrow in UP
Updated: Sep 29, 2014 01:14:59pm
Lucknow, Sept 29 (KNN) The minimum and guaranteed pension scheme, which envisages a minimum pension of Rs 1000 monthly for all pensioners, will be launched tomorrow in the state.
The minimum monthly pension of Rs 1000 for Employees’ Provident Fund Organisation (EPFO) subscribers was announced in August by the Union Labour Ministry.
Six union ministers will be launching the scheme. While Union Home Minister Rajnath Singh would launch the scheme in Lucknow, Union MSME Minister Kalraj Mishra would launch it in Varanasi, the Prime Minister’s constituency.
Meanwhile, Union water resources minister Uma Bharti would launch the scheme in Allahabad while union HRD minister Smriti Irani would be in Noida for the same.
Two union ministers of state, General VK Singh and Santosh Gangwar would be present in Meerut and Agra for the launch of the scheme.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO were implemented from September 1.
The scheme was expected to immediately benefit an estimated 32 lakh pensioners across the country who get less than Rs 1000.
Earlier, estimates of EPFO had suggested that the immediate beneficiaries who were getting less than Rs 1000 every month would be 28 lakh while the total number of pensioners under EPFO's Employees' Pension Scheme (EPS-95) were 44 lakh. (KNN/SD)
The minimum monthly pension of Rs 1000 for Employees’ Provident Fund Organisation (EPFO) subscribers was announced in August by the Union Labour Ministry.
Six union ministers will be launching the scheme. While Union Home Minister Rajnath Singh would launch the scheme in Lucknow, Union MSME Minister Kalraj Mishra would launch it in Varanasi, the Prime Minister’s constituency.
Meanwhile, Union water resources minister Uma Bharti would launch the scheme in Allahabad while union HRD minister Smriti Irani would be in Noida for the same.
Two union ministers of state, General VK Singh and Santosh Gangwar would be present in Meerut and Agra for the launch of the scheme.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO were implemented from September 1.
The scheme was expected to immediately benefit an estimated 32 lakh pensioners across the country who get less than Rs 1000.
Earlier, estimates of EPFO had suggested that the immediate beneficiaries who were getting less than Rs 1000 every month would be 28 lakh while the total number of pensioners under EPFO's Employees' Pension Scheme (EPS-95) were 44 lakh. (KNN/SD)
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