The CBT failed to take decision on the minimum pension which the employees representatives wanted to be Rs. 1,000. The employers representatives did not agree to the proposal and hence no decision. While the full details could not be collected from the union participants, a report from Hindu is reproduced below:

Differences among representatives of employers and employees at the EPFO (Employees’ Provident Fund Organisation) board meeting on Wednesday forced the retirement fund body to defer decision on fixing the minimum monthly pension of Rs.1,000 for PF subscribers. The Central Board of Trustees (CBT), the apex decision-making body of the EPFO, could not approve the proposal to benefit its 4.72 crore subscribers, as neither the employers’ representatives nor the union leaders were willing to share any extra load, sources said. “We have decided to form a committee to suggest modalities for implementing the proposal. The committee will give its report within a month,” Labour Minister Mallikarjun Kharge, who is also Chairman of the CBT said, after the meeting. However, this committee would be an informal arrangement among the trade unionists, he said. Of the 35 lakh EPFO pensionDifferences among representatives of employers and employees at the EPFO (Employees’ Provident Fund Organisation) board meeting on Wednesday forced the retirement fund body to defer decision on fixing the minimum monthly pension of Rs.1,000 for PF subscribers. The Central Board of Trustees (CBT), the apex decision-making body of the EPFO, could not approve the proposal to benefit its 4.72 crore subscribers, as neither the employers’ representatives nor the union leaders were willing to share any extra load, sources said. “We have decided to form a committee to suggest modalities for implementing the proposal. The committee will give its report within a month,” Labour Minister Mallikarjun Kharge, who is also Chairman of the CBT said, after the meeting. However, this committee would be an informal arrangement among the trade unionists, he said. Of the 35 lakh EPFO pensioners, 14 lakh get a monthly payment of less than Rs.500. Only seven lakh of them get above Rs.1,000 or more as monthly pension and there are cases where pensioners are getting as low as Rs.12-38 a month. At present, both an employer and his employee contribute 12 per cent of the basic pay plus dearness allowance (BPDA), each towards the PF fund ers, 14 lakh get a monthly payment of less than Rs.500. Only seven lakh of them get above Rs.1,000 or more as monthly pension and there are cases where pensioners are getting as low as Rs.12-38 a month. At present, both an employer and his employee contribute 12 per cent of the basic pay plus dearness allowance (BPDA), each towards the PF fund.