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Monday, Jun 22, 2009
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 Industry & Economy - Budget
Extend minimum EPF pension

I wish to bring to the Finance Minister’s attention the inadequacy of the EPF pension awarded to the Central Public Sector Units. I retired in January 2002 after serving 34 years in CPSUs.

The pension awarded to me is Rs 608 a month. How can a retiree survive on such a meagre pension? Retirees should be extended a pension sufficient to meet at least their medical bills.

I request the Finance Minister to extend a minimum pension of Rs 5,000 to CPSU retirees with retrospective effect with a condition of certain minimum service and suitable enhancement in pension to the senior officers depending on their salary/grade of the retirement period.

K.S. Jayathilakan, A former senior executive of Hindustan Newsprint Ltd, Kerala

More Stories on : Budget | Social Security | Pension Plans

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Stories in this Section
Hard fact

Herbs & spices
Dumping duty on Vitamin C from China
Cement needs concrete measures
Bring coaching institutes under the tax net
Abolish FBT for small units
Extend minimum EPF pension
Tax: Higher threshold limit need of the hour
Farm reforms cannot be ignored
A stimulus package for seniors
All sections must benefit
Exempt FD interest
Duty cuts sought on cancer, AIDS medicines
The inflation paradox
‘Economic slowdown throws up challenges as well as opportunities’
‘Fertiliser subsidy is a misnomer’
CII sees scope for higher Indo-US trade
CII to form India biz forum in UK
Pharma sector told to focus on improving HR quality
Polypropylene duty criticised
Only 2,940 MW added during the 10th Plan
TN seeks higher share from NLC joint venture project
EU sees potential for renewable energy tie-ups
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Integrated agro food parks: Building scale and viability
Landowners bank on real estate revival
Export council seeks ban on Chinese handicrafts
Indian cos continue to invest in EU despite slowdown: Survey
India files request with Swiss Govt on tax pact


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