AMENDMENT IN THE EMPLOYEE PENSION SCHEME,1995
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AMENDMENT IN THE EMPLOYEE PENSION SCHEME,1995

vikramlamhe Started The Discussion:

I HAVE COME TO KNOW THAT THERE IS SOME AMENDMENT IN THE THE EMPLOYEE PENSION SCHEME,1995. CAN ANYONE TELL WHAT ARE THESE AMENDMENTS ? REGDS, VIKRAM SINGH

hkb1973 - Member Since: Mar 2008
As required,please find enclosed herewith the copy of GR for ammendment of B D in EPS 1995.I hope everybady can upadate this information. H.K.Bhosale

Rajeev Verma - Member Since: Apr 2008
Dear All, Please find the copy of the latest amendment in the Pension Scheme attached herewith.........


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File Type: pdf Amendment in Employees Pension Scheme, 1995.pdf (27.3 KB, 1508 views)
hkb1973 - Member Since: Mar 2008
Enclosed herewith copy of amendment in EPS195. H.K.Bhosale


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File Type: pdf Amendment of Tables B & D under EPS 95.pdf (107.7 KB, 456 views)
hkb1973 - Member Since: Mar 2008
Please find attach file contain copy of amendment of EPS 1995. Thanks H.K.Bhosale


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File Type: pdf Amendment of Tables B & D under EPS 95.pdf (107.7 KB, 284 views)
Pardeep Jha - Member Since: Dec 2008
my father has taken retirement on 31/12/2003, and his pension is starting from 1/7/2008 , first pension came on 8/8/2008, will u plz tell me which factor table will be used for calculating his pension... should i use old table B or the new amended table B...as his current pension is less as per my computation... i want to file an application for the revision plz tell me which table to use

parmod redhu - Member Since: Mar 2009
i have 18yrs. service in hsmitc in haryana govt as j.e. i have c.p.f account.i have not withdrawn my dues till today. in 1996 i have been absrobed in panchayati raj deptt. at same post. in 2002 hsmitc has been closed by govt of haryana all employee of it lost their jobs. now i am 51 year old . my question is that can i have pension under pension scheme 1995 ? reply me on thank you

abbasiti - Member Since: May 2010
Dear Pramod Redhu,

For Pension calculation the following details are required.

1. Date of Birth
2. Date of Join in EPF
3. Break in service before 16.11.95
4. Break in service after 16.11.95
5. Salary on 16.11.95
6. Salary at the time of Exit

From the available details I have reached to a conclusion as
1. Your service before 16.11.95 is 17 yrs
2. Service after 16.11.95 is 1 yr

As you are below 48 yrs age on 16.11.95, you are entitled to get minimum pension as follows.

1. In case your salary on 16.11.95 is below 2500/-

Past Service Benifit - 120x4.844 = 581
Pensionable Service Benefit - 635
Total = 1216/- (Subject to a minimum of 800/-) for 24 yrs' service.
For 18 yrs - 1216x18/24 = 912 (Subject to minimum 450/-)

2. If salary on 16.11.95 is 2500/- or above

Past Service Benefit - 135x4.844 = 654
Pensionable Service Benefit - 635
Total = 1289 for 24 yrs
For 18 yrs = 967

i.e. Either you will get 912 (for below 2500/- on 16.11.95) or 967 (for 2500/- & above on 16.11.95) on completion of 58 yrs age.

Those who are not in service with PF applicablity, can avail pension from the age 50 yrs onwards. But for each year they will be deducted 4%. For example if you opt for pension now, at 51 yrs; multiplying factor on pension will be 0.96 to the power of 7 = 0.885

Therefore reduced pension at 51 yrs = 912x0.885=807 or 967x0.885=856.

Abbas.P.S, ITI Ltd, Palakkad - 678 623.
Ph. +91 9447 467 667

grbavarva - Member Since: May 2010
DEAR ABBAS

I AM GIVING MY DETAILS BELOW, WHAT AMOUNT I SHOULD GET AS PENSION.
1. Date of Birth : 06-08-1951
2. Date of Join in EPF : 01-12-1974
3. Break in service before 16.11.95 : NIL
4. Break in service after 16.11.95 : NIL
5. Salary on 16.11.95 > 5000
6. Salary at the time of Exit > 50000.

BY ENTERING ABOVE DETAILS IN THE EXEL SHEET YOU HAVE PROVIDED. I SHOULD GET RS. 1780/- AS PENSION. BUT, I HAVE RECEIVED P.P.O. AND IN THAT AMOUNT OF PENSION IS RS. 1687/- KINDLY ADVISE ME.

G R BAVARVA

abbasiti - Member Since: May 2010
Dear Bavara,

Two more details I want.

1) Date of Exit from Service
2) Date of Pension availed

Note : If you have continued in service till the completion of 58 yrs & availed pension there after, you may contact the Office of the Regional PF Commissioner and inform me their response.

Abbas



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