 bill no  87 of  2011 the national minimum pension (guarantee) bill, 2011 byshri nishikant dubey, mp a billto provide for payment of guaranteed minimum pension to all pensioners including those who have worked in unorganized and private sector in the country and for matters connected therewithbe it enacted by parliament in the sixty-second year of the republic of india as follows:—1 (1) this act may be called the national minimum pension (guarantee) act, 2011 (2) it extends to the whole of india5short title, extent, commencement and application(3) it shall come into force on such date as the central government may, by notificationin the official gazette, appoint  but which shall not be later than three months from the date of assent(4) this act shall also apply to persons retired from employment in unorganized and private sector10definitions2 in this act, unless the context otherwise requires,—(i) "board" means the national pension board constituted under section 3; (ii) "fund" means the national pension fund constituted under section 5; (iii) "pensioner" means any person who has served in any office or any public sector enterprise or any other statutory agency set up by a state government and is getting pension by virtue of service rendered by him; and(iv) "prescribed" means prescribed by rules made under this act53  (1) the central government shall constitute a board to be known as the national pension boardnational pension board(2) the board shall consist of:—10(a) a retired judge of the supreme court or of a high  court, as the case may be, to be appointed by the central government, as chairman;(b) the secretary to the government of india in-charge of the ministry of labour and employment, shall be the member secretary of the board, ex-officio;(c) the secretary to the government of india in-charge of the ministry of finance, as member;15(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;20(f) three members representing private sector and unorganized sector pensioners to be nominated by the central government in such manner as may be prescribed;(g) five members of parliament of which three shall be from lok sabha and two from rajya sabha, who shall be nominated by presiding officers of the respective houses; and25(h) one member who shall be an eminent economist, to be nominated by the central government in such manner as may be prescribed (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 government30(4) the central government shall provide to the board such number of officers and other employees as it thinks fit for the efficient functioning of the boardofficers and employees of the board4 the board shall perform the following functions,—functions of the national pension board35(i) to maintain the record of such persons who have retired from employment from unorganized or private sector and who have attained the age of sixty years and not getting the minimum pension under this act;(ii) to pay such pensioners who are getting less than rupees five thousand as monthly pension, the difference of the amount in such manner as may be prescribed;(iii) to lay down such guidelines as it may deem fit with regard to payment of minimum pension;40(iv) to administer the fund; and (v) to perform such other functions with regard to the pensioners as may be assigned to it by the central government45fixation of minimum monthly pensionnational pension fund6 (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 employers in the unorganized and private sector 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 funds7 the central government shall, after due appropriation by the parliament, release the necessary funds to the national pension board for effective implementation of the act108 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 parliamentpower to make rules9 (1) the central government may, by notification in the official gazette, make rules to carry out the provisions of this act15 20(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 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 this problems to the extent possiblethis bill seeks to provide for payment of minimum pension to every pensioner including those who have worked in unorganized sector and private sector since the provision of minimum pension is also being extended to persons who have worked in unorganized sector and private sector, it will provide social security for a substantial chunk of the population 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 billnew delhi;nishikant dubeyseptember 8, 2011 financial memorandumclause 3 of the bill provides for constitution of a national pension board clause 4provides that the board shall ensure that every pensioner is paid a minimum pension under the provisions of the act clause 6 provides for constitution of a national pension fund clause 7 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 involved per annuma non-recurring expenditure of rupees fifty thousand crore is also likely to be involved memorandum  regarding  delegated  legislationclause 9 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 including thosewho have worked in unorganized and private sector in the country and for mattersconnected therewith