CURRENT AFFAIRS

Detailed explanation-1: –A pension of Rs. 25,000/- p.m is sanctioned for those who have served as a Member of the Legislative Assembly/ Council or both.

Detailed explanation-2: -The bill intends to increase the salaries and allowances and pension of Ministers, members of legislative assembly, Chief Whip, Speaker and Deputy Speaker and leader of opposition from 54 thousand rupees to around 90 thousand rupees.

Detailed explanation-3: -Increase in the matching share of the Government of Punjab 10% of Basic Pay+DA to 14% of Basic Pay+DA under New Defined Contributory Pension Scheme. The Government of Punjab has decided to enhance its monthly matching contribution from 10% to 14% of Basic Pay+ DA for its employees covered under the New Pension Scheme.

Detailed explanation-4: -However, after the amendment of the aforesaid Section in December, 1985 the minimum pension of an ex-MP has been raised to Rs. 500 p.m. The Ministry of Law clarified that from the date of amendment of the said Section, Shri Saklecha is entitled to receive pension of Rs. 500 p.m.-Rs.