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Industry Specific-Mines Central Ministry of Mines Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948

Issuance of amendment in certain provisions of the Coal Mines Pension Scheme (CMPS), 1998

12-Mar-2024 | CMPFO/CP/116(7)/Gazette Notification/Vol-IV/99 Dated: 12-March, 2024

Coal Mines Provident Fund Organization has issued an amendment to the Coal Mines Pension Scheme 1998, effective from 8th March, 2024.
This amendment primarily focuses on the enhancement of the minimum pension to ?1000 per month.

Amendments have been made in various paragraphs of the Coal Mines Pension Scheme, 1998, as follows:
(a) Paragraph 10: Monthly Pension: (1) An employee after completion of thirty years of pensionable service and on attaining the age of superannuation shall be eligible to receive monthly pension at the rate of twenty-five percent of the average emoluments or not less than rupees one thousand from the date following the date of superannuation till the date of his death.

(b) Paragraph 11: Disablement Pension: Where an employee after rendering ten years of pensionable service becomes permanently handicapped or disabled on account of bodily or mental infirmity during his service time, and has been declared as such by a competent medical board, he shall be entitled to a disablement pension to be computed at the rate of twenty-five percent of the average emoluments or not less than rupees one thousand per month.

(c) Paragraph 12: Monthly Widow or Widower Pension: (1) After the death of an employee from the date following the date of his/her death and till the date of her/his death or re-marriage whichever is earlier, his/her legally wedded wife/husband shall be entitled to widow or widower pension, as the case may be.

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