- The labour ministry said considering the demands of EPS 1995 pensioners, the government had constituted a committee for complete evaluation and review of EPS, 1995
- It also said that it has received representations individually and collectively from EPS pensioners to hike the basic minimum pension
New Delhi: There is no plan to link the Employees’ Pension Scheme (EPS) with the inflation index, the Union labour ministry informed Parliament on Wednesday and said that an expert committee has not recommend such a move.
The government had constituted a committee for complete evaluation and review of EPS 1995, considering the demands of EPS 1995 pensioners, the ministry said.
“The committee did not recommend linking the monthly pension under EPS 1995 with the cost-of-living index as according to actuarial evaluation linking EPS 1995 with price index, DA (Dearness Allowance) relief will severely affect the financial health of the pension fund,” the ministry said in a written reply in Parliament.
Source: livemint
