Dearness Allowance (DA) News: Government has fixed minimum pension at Rs 1000 per month under the Employees Pension Scheme 1995 and no decision has been taken by the Government to increase the minimum pension amount under EPS 1995
Dearness Allowance (DA) News: There is no provision to provide Dearness Allowance (DA) private sector pensioners covered by the Employees Pension Scheme (EPS), according to the Finance Ministry. Replying to a query in Rajya Sabha, Union Minister of State for Finance Anurag Thakur said on Tuesday, “As informed by Ministry of Labour and Employment, there is no provision under EPS, 1995, to provide dearness allowance.”
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Thakur also said in his written reply that since 1st September 2014, the Government has fixed minimum pension at Rs 1000 per month under the Employees Pension Scheme 1995 and no decision has been taken by the Government to increase the minimum pension amount under EPS 1995.
Source: Financial Express
