"A proposal for providing a minimum pension of Rs 1,000 per month to pensioners under EPS-95 is under consideration of the government," Labour Minister Oscar Fernandes said in a written reply.
Under the EPS-95 run by retirement fund body Employees' Provident Fund Organisation (EPFO), employees do not contribute for pension.
The employers contribute 8.33 per cent of the basic wages including basic pay and dearness allowance towards the EPS-95 where as Central Government contributes 1.16 per cent of basic wages from its budget.
During the meetings of the EPFO's apex decision making body the Central Board of Trustees headed by Labour Minister, neither employers nor employee representatives agreed to pay this additional contribution of 0.63 per cent.
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The unionists and employers representatives did not even agree to share the burden of this additional contribution equally.
Earlier this year, EPFO has made a case for increase in government's contribution to its pension scheme EPS-95 to 1.79 per cent of basic wages from existing 1.16 per cent for ensuring Rs 1,000 per month to pensioners.
EPFO has a subscriber base of about five crore and manages total corpus of fund including PF and Pension to the tune of Rs five lakh crore.