Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF, Dr Mansukh Mandaviya has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995.
The recent introduction of the Unified Pension Scheme (UPS) by the Centre aims to balance the conflicting demands of fiscal responsibility and guaranteed pensions for public employees.
Under the Universal Pension Scheme, people belonging to the SC and ST communities will start getting pension from the age of 50.
The new pension scheme for its employees, inferior to the existing one, is a case in point. More disturbing is the denial, due to some flimsy objections, of the higher pension right to a large number of employees already covered under the Employees’ Provident Fund (EPF) scheme, not to speak of the total exclusion of a category of employees recruited after 1 September 2014.
While delivering the ruling, the court observed that pension is not a bounty, it is earned for rendering a long and satisfactory service.
The number of dependents of freedom fighters receiving a family pension of Rs 9,000 per month and Rs 500 medical allowance is 872.
The decision was taken in a meeting held here today under the chairmanship of Chief Minister Jai Ram Thakur to grant revised pension/family pension to about 1.73 lakh pensioners/family pensioners of the state from 1st February, 2022, an official said.
At a conference of SSCOs held in Mohali, Chandigarh, on 12 February, these officers also decided to press for their demand claiming representation through the electoral process as Punjab and four other states go to the polls this year.
Among several other initiatives announced by the KMC, of late, in a bid to ensure a quick inflow of revenue into its treasury, Mr Hakim today reiterated that to encourage the property tax defaulters to clear their dues, the civic body has waived 50 per cent of the interest amount and 100 per cent of the penalty amount.
Mr Hakim admitted, though not for the first time, the KMC is reeling under a deficit of Rs 1000 crore which has apparently impacted the functioning of the civic body. He, however, assured that pensions are being disbursed to those who are entitled to it but there are some issues concerning the processing of payments in some cases which will also be solved.
