Central Government approves Unified Pension Scheme

Central Government approves Unified Pension Scheme

The central government has recently approved the Unified Pension Scheme (UPS), addressing long-standing demands for the restoration of pensions for government employees.

This move also brings renewed focus on the demand to increase the minimum pension for private sector retires to Rs. 7,500.

The organization representing private sector pensioners has been advocating for this increase for some time.

In connection with this issue, representatives from the organization met with Finance Minister Ms. Nirmala Sitharaman.

Governments’ Response to Pension Demands

During the meeting with Finance Minister Ms. Sitharaman, representatives requested an increase in the minimum pension to Rs. 7,500 per month.

Sitharaman assured them that the government is attentive to their needs and is working to address the request.

The EPS-95 National Struggle Committee (NAC), which represents about 78 lakh retired pensioners and 7.5 crore working employees in the industrial sector, was informed by the Finance Minister that the government is considering the proposal seriously.

Finance Minister Ms. Sitharaman expressed the governments’ commitment to ensuring financial security for pensioners.

Union Labor and Employment Minister Mr. Mansukh Mandaviya also met with EPS-95 NAC representatives and promised that necessary steps would be taken to address their demands.

Currently, EPS-95 NAC members are protesting for a monthly pension of Rs. 7,500, as opposed to the average pension of Rs. 1,450.