EPFO's Rs 1,000 minimum pension to benefit 32 lakh immediately

The author has posted comments on this articlePTI | Sep 24, 2014, 03.47PM IST

NEW DELHI: Government's decision to amend the Employees Pension Scheme, 1995 (EPS-95) run by EPFO to provide minimum monthly pension of Rs 1,000 will immediately benefit around 32 lakh pensioners who get less than this.

Earlier, estimates of EPFO had suggested that the immediate beneficiaries who were getting less than Rs 1,000 every month would be 28 lakh while the total number of pensioners under the Employees' Pension Scheme (EPS-95) of Employees Provident Fund (EPFO) were 44 lakh.

"Out of the present 49 lakh pensioners of EPS-95 approximately 32 lakh pensioner are drawing less than Rs 1000 per month with a large number of them drawing less than Rs 500 per month," an EPFO order said.

Though the entitlement provided by the government under the EPS-95 was made effective on September 1, the pensioners getting less than Rs 1000 per month would be paid this much amount from next month onwards.

In a bid to make the event a memorable one, the Employees' Provident Fund Organisation (EPFO) has asked its field offices to organise a facilitation programme on September 30.

The EPFO head offices wants the field formation to invite and felicitate those people who were issued the oldest pension payment order (PPO) by the respective offices and were paid least amount under the EPS-95.

The field officers have also been asked to participate in radio and TV programmes on social security to create awareness about the government's initiative.

The order also provides that the field office will incur expenditure on the facilitation function under the head of publicity. Moreover if the additional funds are required under the head, the matter may be taken up with the Finance Wing at the head office, the order said.

The field offices are to make an impact through this felicitation function and invite 100-150 pensioners.

Besides the field offices would have a separate time slot for redressing grievances of pensioners and pension claim applicants during the event.

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