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LS members support bill to provide Rs 5,000 monthly pension

Last Updated: Friday, July 25, 2014 - 18:49

New Delhi: A private member's bill that seeks to provide monthly pension of Rs 5,000 to a retired person from unorganised and private sectors on Friday received support from members cutting across party lines in the Lok Sabha.

The National Minimum Pension (Guarantee) Bill, 2014, introduced by BJP member Nishikant Dubey, also envisages setting up of a National Pension Board.

The board would have the responsibility of maintaining record of persons who have retired from employment in unorganised or private sector as well as of those who are 60 years old and not getting the minimum pension under the proposed Act.

Initiating a discussion on the bill, Dubey said universal pension scheme is the solution to ensure that aged people, who are poor, also get a square meal.

There should be policies for not just the young persons but also for old-aged people, he added.

Such a scheme would ensure social security for those in the unorganised and private sectors, Dubey said.

Among others, the bill seeks to set up a National Pension Fund with a corpus of Rs 50,000 crore.

Supporting the Bill, Bhartruhari Mahtab (BJD) said with the improvement in medical amenities, life expectancy is also on the rise. So there is a need to set up the Board which would take care of those unorganised sector, farmers and downtrodden people.

Three private member bills were introduced by BJP member Om Prakash Yadav. They are 'The Basic and Primary Education (Compulsory Teaching in Mother Tongue) Bill, 2014', 'The Constitution (Amendment) Bill, 2014' and 'The Sanskrit Language (Promotion) Bill, 2014'.

First Published: Friday, July 25, 2014 - 18:46
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