Pension Scheme of .` 1,000 to Come into Effect Soon
The UPA government’s decision to ensure a minimum pension of .` 1,000 a month under the retirement fund body EPFO’s scheme, which will immediately benefit 28 lakh pensioners, is going to be a reality soon. “The UPA government’s decision to ensure minimum monthly pension of .` 1,000 to subscribers of Employees’ Pension Scheme-95 (EPS-95) will be implemented now as the elections are over,” an EPFO official said. According to him, the decision could not be implemented because the model code of conduct (MCC) came into force once the general election were announced on March 5. The new BJP-led government is to take office this week.