The Punjab Government is all set to launch a pension scheme for the State labourers in collaboration with the life Insurance Corporation (lIC).
“The construction labourers registered with the Punjab Building and Construction Workers Welfare Board since five years would be eligible to get pension after attaining the age of 60 years from Rs 4,000 to Rs 10,000 per year,” said the State labour Minister Chunni lal Bhagat, while presiding over a meeting of labour department on Wednesday.
The Government was committed for the overall welfare of the labourers. In this direction, the Government had been framing various policies and schemes to uplift the living standard of the labourers, he added.
Bhagat said the spouse of the deceased labourer would also be eligible to claim 50 per cent of the pension, and in case of 100 per cent disability, the effected labourer would also get the benefits of pension. The Minister said after completing five-year of registration, labourer would be distributed Rs 4,000 per annum.
“Similarly Rs 6,000 after 10 years, Rs 8,000 after 15 years and Rs 10,000 per annum after the completion of 20 years or more,” he added. Bhagat added that Rs 2,000 as family pension would also be given to the spouse of the deceased labourer who expires after one year of registration. The new pension scheme would benefit more than 1.5 lakh construction workers registered with the Punjab Building and Construction Workers Welfare Board.