Absence of pensionary benefits at PSUs

Employees of Central Public Sector Enterprises are governed as per the provisions of Employees Pension Scheme, 1995 administered by Ministry of Labour& Employment. Further, DPE O.M. dated 26.11.2008 read with O.M. dated 02.04.2009 for 2007 pay revision w.e.f. 01.01.2007 in respect of executives and non-unionized supervisors of CPSEs following Industrial Dearness Allowances (IDA) pattern of pay scales, inter alia, provide for superannuation benefits to executives of CPSEs upto 30% of their basic pay and DA. Superannuation benefits may also include pension. The superannuation benefits are dependent on various conditions, including affordability of the public enterprise. The details of pension scheme implemented by CPSEs are not maintained centrally in DPE.

The above information was submitted by Min of HIPE in reply of undermentioned Rajya Sabha question:-

UNSTARRED QUESTION NO-1169

Absence of pensionary benefits at PSUs

1169 . SHRIMATI KANIMOZHI
(a) whether some of the Public Sector Units (PSUs) do not provide pensionary benefits to its employeers;
(b) if so, the details of such public sector units along with their employee strength; and
(c) the reasons for such discriminatory practices and steps taken by Government to address this discrimination?

(a) to (c) *** see above ***

Source: Rajya Sabha Q&A
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