Rkn61
Hr Manager
Srinath Sai Ram
Hr Manager
+1 Other

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Dear all, Kindly share your opinions on commutation of EPS'95 Pension. A member has retired on 31.01.2020 on completion of 58 years.
Now my question is that, is he eligible for commutation of 1/3rd. pension as per the latest gazette notification dtd. 20.02.2020?
Please clarify with your valuable updates.

Government implements EPFO's decision to restore pension commutation. Around 6.3 lakh pensioners to get benefit.
Please read the following link:
Govt implements EPFO’s decision to restore pension commutation; 6.3 lakh pensioners to get benefit – My Tax lakh pensioners-toget-benefit-2/

Dear Radhakrishnan Sir,
I understood from the gazette that, the restoration is for the pensioners that who retired upto 25th September, 2008 and opted for commuted pension.
Now i would like to get the clarification on, the employees who retires in 2020 are eligible for pension commutation scheme or not?
Please clarify.
regards,
P.G.Reddy

Yes. they are eligible for commutation.
Renewed pension will be restored only to those who have retired and commuted before 25.9.2008 not for those who retired after.
Dear Mr P RADHAKRISHNAN NAIR, can you Please elaborate your reply regarding Eligibility of Retirees Post 25-09-2008 for Commutation of EPS Pension
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