Lok Sabha Question No. 362 (UNSTARRED), answered on 2018-02-05
Subject: EPS-95 Scheme
Ministry: LABOUR AND EMPLOYMENT
Asked by: KALYAN BANERJEE

## GOVERNMENT OF INDIA

## MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 362 TO BE ANSWERED ON 05.02.2018

## EPS-95 SCHEME

## 362. SHRI KALYAN BANERJEE:

Will  the  Minister  of  LABOUR  AND  EMPLOYMENT  be  pleased  to state:

- (a)whether it is a fact that the pensioners of EPFO are getting pension at the rate of EPS-95 scheme which is less than Rs. 2500 per month;
- (b)if  so,  the  total  number  of  EPFO  pensioners  in  the  country  as  on 31.12.17, State/UT-wise;
- (c)the total accumulated fund in the EPFO account towards Employees
- Provident Fund Contribution as on 31.12.17;
- (d)whether the Government has accepted and implemented the Bhagat Singh Koshiyari recommendations for the betterment of EPS holders thereof; and
- (e)if so, the details thereof and if not, the reasons therefor along with the time by which it is likely to be implemented?

## ANSWER

## MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI SANTOSH KUMAR GANGWAR)

The pension under Employees' Pension Scheme (EPS), 1995 is calculated as per the provisions of EPS, 1995 which may be more or less than Rs. 2500/- per month depending upon the pensionable salary

(a): and pensionable service.

Further, vide notification No. G.S.R. 593 (E) dated 19.08.2014 minimum pension of Rs. 1000/- under EPS, 1995 has been prescribed with effect from 01.09.2014.

(b): The  State/UT-wise  details  of  total  number  of  Employees' Provident Fund Organisation (EPFO) pensioners under EPS, 1995 as on 31.12.2017 are at Annex.

(c): The accumulated fund in EPFO towards Employees' Provident Fund  (EPF) [Un-exempted  sector]  as  on  31.12.2017  is Rs.5,66,031.95  crore  (provisional  un-audited)  in  debt  investments  at face value.

The accumulated fund in EPF [Un-exempted sector] as on 31.12.2017 is Rs.25,034.85 crore  [provisional Un-audited] in Equity and related investments at cost value.

- (d) & (e): No,  Madam.  Due  to  financial  constraints  in  increase  in Government share under Employees' Pension Scheme (EPS), 1995 and to maintain sustainability of the Employees' Pension Fund, the recommendations of the Koshiyari Committee have not been accepted.

However, the Government has started providing a minimum pension  of  Rs.  1000/-  per  month  to  the  pensioners  under  EPS,  1995 from 01.09.2014.

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Statement referred to in reply to part (b) of Lok Sabha Unstarred Question No. 362 for 05.02.2018 raised by Shri Kalyan Banerjee regarding EPS-95 Scheme.

| Sl. No.   | State/UT                    |   No. of Pensioners |
|-----------|-----------------------------|---------------------|
| 1         | ANDAMAN AND NICOBAR ISLANDS |                2675 |
| 2         | ANDHRA PRADESH              |              254357 |
| 3         | ASSAM                       |               46799 |
| 4         | BIHAR                       |              184032 |
| 5         | CHANDIGARH                  |               39554 |
| 6         | CHHATTISGARH                |               82118 |
| 7         | DELHI                       |              130099 |
| 8         | GOA                         |               22792 |
| 9         | GUJARAT                     |              376500 |
| 10        | HARYANA                     |              132447 |
| 11        | HIMACHAL PRADESH            |               31577 |
| 12        | JHARKHAND                   |              142584 |
| 13        | KARNATAKA                   |              503593 |
| 14        | KERALA                      |              381461 |
| 15        | MADHYA PRADESH              |              199684 |
| 16        | MAHARASHTRA                 |             1039428 |
| 17        | MEGHALAYA                   |                4286 |
| 18        | ODISHA                      |              150183 |
| 19        | PUDUCHERRY                  |               15001 |
| 20        | PUNJAB                      |              102231 |
| 21        | RAJASTHAN                   |              153323 |
| 22        | TAMIL NADU                  |              692394 |
| 23        | TELANGANA                   |              337856 |
| 24        | TRIPURA                     |                7124 |
| 25        | UTTAR PRADESH               |              475888 |
| 26        | UTTARAKHAND                 |               54848 |
| 27        | WEST BENGAL                 |              521665 |
|           | Total                       |             6084499 |

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