A Parliamentary Standing Committee has flagged the inadequacy of the ₹1,000 minimum monthly pension under the Employees' Pension Scheme 1995, recommending an urgent review to a 'dignified level' amidst rising living costs. This news is critical for aspirants as it touches on social security reforms, labour codes, and fiscal support mechanisms—key themes in GS Paper II (Governance) and GS Paper III (Economy).
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1-Minute Revision
- ›Current Minimum Pension: ₹1,000 per month
- ›Scheme Name: Employees' Pension Scheme 1995 (EPS-95)
- ›Target this Data: Minimum pension is ₹1,000 per month under EPS-95; Pensioners demand ₹7,500.
- ›Target this Nodal Body: Parliamentary Standing Committee on Labour, Textiles and Skill Development.
- ›Target this Legal Point: The recommendations pertain to the Employees' Pension Scheme, 1995 and the implementation of the Labour Codes.
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