 bill no 26  of 2008 the national minimum pension (guarantee) bill,  2008 byshri ck chandrappan,  mpa billto provide for payment of guaranteed minimum pension to all pensioners in the country and for matters connected therewithbe it enacted by parliament in the fifty-ninth year of the republic of india as follows:—1  (1) this act may be called the national minimum pension (guarantee) act, 2008(2) it extends to the whole of indiashort title, extent and commencement2 in this act, unless the context otherwise requires,—definitions(i) "board" means the national pension board constituted under section 3; (ii) "fund" means the national pension fund constituted under section 5; and5(iii) "pensioner" means any person who has served in any office under the central government or a state government or any public sector enterprise or any other statutory agency set up by the central government or a state government and is getting pension by virtue of service rendered by him; and (iv) "prescribed" means prescribed by rules made under this act103  (1) the central government shall constitute a board to be known as the national pension boardnational pension board(2)  the board shall consist of—(a) a retired judge of the supreme court or the high court, as the case may be, to be appointed by the central government as chairman;15(b) the secretary to the government of india incharge of the ministry of labour and employment who shall be member-secretary of the board, exofficio;(c) the secretary to the government of india incharge of the ministry of finance as member;20(d) three members representing major trade unions, to be nominated by the central government in such manner as may be prescribed;(e) two members representing public sector enterprises, to be nominated by the central government in such manner as may be prescribed;(f) two members representing pensioners, to be nominated by the central government in such manner as may be prescribed; and25(g) two members of parliament of which one shall be from lok sabha and one from rajya sabha, who shall be nominated by presiding officers of the respective house; and(h) one member who shall be an eminent economist, to be nominated by the central government in such manner as may be prescribed30(3) the salary and allowances payable to, and other terms and conditions of service of the chairman and other members of the board, shall be such as may be prescribed by the central government(4) the central government shall provide to the board such number of officers and other employees as it thinks fit for the purposes of this act 4 the board shall perform the following functions,—35functions of the national pension board(i) to maintain the record of such pensioners who are getting less than rupees three thousand and five hundred as monthly pension;(ii) to ensure that no pensioner is paid less than rupees three thousand five hundred as monthly pension;40(iii) to pay such pensioners who are getting less than rupees three thousand five hundred as monthly pension, the difference of the amount in such manner as may be prescribed;(iv) to administer the fund; and (v) to perform such other functions with regard to pensioners as may be assigned to it by the central government45national pension fund5 (1) the central government shall constitute a fund to be known as the national pension fund with a corpus of rupees fifty thousand crore(2) the central government, the state governments and the pensioners shall contribute to the fund in such ratio as may be prescribed5(3) such other sums as may be received by way of donation, contribution or assistance from individuals, organisations or otherwise shall also be credited to the fundrelease of funds6 the central government shall, after due appropriation by the parliament, release the necessary funds to the national pension board for effective implementation of the act7 the central government shall cause to be placed before both houses of parliament an annual report giving full account of the activities and performance of the boardannual report to be placed before parliament10power to make rules8  (1) the central government may, by notification in the official gazette, make rulesto carry out the provisions of this act15(2) every rule made under this section shall be laid,  as soon as may be after it is made, before each house of parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of  the session immediately following the session or the successive sessions aforesaid, both houses agree in making any modification in the rule or both the houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule statement of objects and reasonsthe condition of a large number of pensioners in india is miserable, sad and frustratingthey deserve a more decent treatment from the society they are pensioners because they served the society onceit is, therefore, the responsibility of the society to treat them with respect and try to solve their  problems to the extent possiblethis bill seeks to provide for payment of minimum pension to every pensioner though it would not solve all the problems of the pensioners, it would provide them some kind of relief it would also give them a sense of satisfaction that their problem got a sympathetic considerationhence this bill financial memorandumclause 3 of the bill provides for constitution of a national pension boardclause 4 of the bill provides that the board shall ensure that every pensioner is paid the minimum pension under the provisions of the act clause 5 of the bill provides for constitution of  a national pension fund clause 6 of the bill provides for release of funds to the national pension board by the central government the bill, therefore, if enacted, would involve expenditure from the consolidated fund of india it is estimated that a recurring expenditure of rupees thirty thousand crore will be involveda non-recurring expenditure of rupees fifty thousand crore is also  likely to be involved memorandum regarding delegated legislationclause 8 of the bill empowers the central government to make rules for carrying out the purposes of the billas the rules will relate  to matters of  detail only, the delegation of legislative power is of a normal character———— a billto provide for payment of guaranteed minimum pension to all pensioners in the country and for matters connected therewith————(shri ck chandrappan, mp)mgipmrnd—695ls1(s5)—04032008