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I am pensioner under 1995 scheme and i have attained 58 on 10.05.17. But when I applied for revised pension after SC judgement on this subject, the PF office has rejected my application as I have exited after 31.08.14. Is this correct. Though I was contributing for 22 years under EPF 1995 scheme, how can they reject revised pension just I have exited after 31.8.14. Is there any remedy and any case pending in this regard. Is the circular declaring revised pension to only those who attained age 58 prior to 31.8.14. What about people who retired after this date?
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This is regarding EPF 1995 scheme which got amended in 2014 and after this amendment pension calculated under new formula which is much more lesser than the earlier formula. The Hon,SC gave a judgement that the revised pension to be given under old formula that is 12 months average instead of 60 months when amended for those who contributed PF on their full Pay instead of cealing Rs.6500 and 15000. The PF authorities now saying that the judgement apply only to those who exited before 31.08.14.
Is this stand correct. Though I was in 1995 scheme for 22 years why they reject simply I have exited after 31.8.14.
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