 bill no 129 of  2016 the old age pension bill, 2016 by shri sukhbir singh jaunapuria, mp a billto provide for payment of pension to old age citizensbe it enacted by parliament in the sixty-seventh year of the republic of india as follows:—1 (1) this act may be called the old age pension act, 2016 (2) it extends to the whole of indiashort title, extent and commencement5(3) it shall come into force on such date as the central government may, by notificationin the official gazette, appointdefinitions2 in this act, unless the context otherwise requires,—(a) "appropriate government" means in the case of a state, the government of that state and in all other cases, the central government;10(b) "old person" means any person who has attained the age of sixty-sevenyears; and(c) "prescribed" means prescribed by rules made under this actpension to old age persons3 (1) every old person who is a citizen of india shall, on an application made in the prescribed form, be paid rupees two thousand per mensem as pension, by the appropriate government(2) the pension payable shall be subject to such revision, on the basis of the prevailing cost of living index, as may be determined from time to time by the central government5(3) the pension referred to in sub-section (1) shall be disbursed to old persons, by the appropriate government through government treasury or such nationalized bank, as may be prescribed by the central government:10provided that an old person who is receiving pension from the appropriate government or who has some source of income which is more than the amount given under this act shall not be eligible for pension under this act4 (1) the central government shall constitute a fund to be known as the old persons pension fund for carrying out the purposes of this actconstitution of old persons pension fund15(2) the fund shall consist of the sums paid into it by the central government after due appropriation made by parliament by law in this behalf and all such moneys received by way of grants or donations from any individual, organisation or agency including international agencypower to make rules5 (1) the central government may, by notification in the official gazette, make rules for carrying out the purposes of this act20 25(2) every rule made under this act 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 reasonsindia's social security system is woefully inadequate in comparison even to third world economies some states in india have social security schemes but the scale of benefits is modest the indira gandhi old age pension scheme of the central government covers only old age persons living below poverty line moreover, the pension amount paid at the rate of rupees two hundred per month is a meagre amount to meet the bare need of food of pensioners today, we find that millions of senior citizens who do not have sufficient means or any support system have to lead a life full of hardships these people, who are without any source of income, live in hunger and loneliness without anyone to take care of their needs ours is a welfare state it is the foremost duty of the state to provide for a universal pension scheme for old age personsthe bill seeks to achieve the above objectivenew delhi;sukhbir singh jaunapuriaapril 13, 2016 financial memorandumclause 3 of the bill provides for the payment of pension at the rate of rupees two thousand per month to such old persons who have attained the age of sixty-seven years or more clause 4 provides for the constitution of old persons pension fund by the central government the bill, therefore, if enacted, would involve expenditure from the consolidated fund of indiait cannot be estimated at this stage as to how many old persons will need assistance from the central government however, an annual recurring expenditure of about rupees two thousand crore is likely to be involved from the consolidated fund of indiano non-recurring expenditure will be involved memorandum regarding delegated legislationclause 5 of the bill empowers the central government to make rules for carrying out the purposes of the bill as the rules will relate to matters of detail only, the delegation of legislative power is of a normal character lok sabha———— a billto provide for payment of pension to old age citizens————(shri sukhbir singh jaunapuria, mp)gmgipmrnd—168l(s3)—03052016