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Thursday, November 02, 2006
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Cabinet |
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Amendment to the Salary, Allowances and Pension of Members of Parliament Act, 1954 and Rules made there under
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20:2 IST |
The Union Cabinet today gave its ex-post-facto approval to the amendment carried out in the Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2006 to the effect that the minimum pension of the Members of Parliament will be Rs. 8000/- instead of Rs. 6000/- per month and to the consequential increase in minimum family pension from Rs. 3000/- per month to Rs. 4000/- per month.
The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2006 has been passed by Lok Sabha and Rajya Sabha in August, 2006. The President has also assented to the Bill on September 12, 2006.
The financial implication of the enhancement in the minimum pension is estimated to be Rs. 7 crores per annum.
Based on the approval of the Cabinet, the minimum pension and family pension of the MPs will be increased to Rs. 8000/- per month and Rs. 4000/- per month respectively.
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YSR/HS/CS
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