Insights from Dr. Ved Prakash on the Employee Pension Scheme 1995: What Did We Learn?

Hi all,

There was an evening talk organized on the Employee Pension Scheme - 1995, delivered by Dr. Ved Prakash, the Assistant Commissioner, RPFC, Baroda, on December 1, 2006. This presentation is regarding the learnings he imparted to the participants. I'm sure it would be helpful.

Regards,
Chaitali

Different slides prepared and shown by Sri. Dr. Ved Prakash, A.R.P.F. Commissioner in Baroda are very informative and serve as a useful guide, much like an EPS 1995 law book at a glance for any reference by EPF members. These slides clarify various doubts about EPS 1995 pension norms. It was expected that all EPFO offices in India would prepare the monthly pension of EPF members according to the information provided by Dr. Ved Prakash; however, the reality is different. Not all EPFO offices are processing the monthly pensions as per Dr. Ved Prakash's slide notes. In case of non-compliance regarding EPF monthly pensions, where should one report to rectify the issue and receive the arrears of pension with retrospective effect? We need to seek guidance from CiteHR to understand how to proceed.

One of the victimized EPF pensioners,
A. Chandran

All for One and One for All

A Systematic Approach to EPS 1995

A lot of effort has been taken in compiling this presentation.

Kudos to you, Chaithali Premson.

Dear Sir,

One employee has joined; he is an Ex-Serviceman from the army and is 52 years old. He also receives a pension. He doesn't want to join the employee pension scheme. Is it possible in EPF? Please explain.

Regards,
Sanat Desai
IPCA Lab. Ltd,
Silvassa.

Hi all,

There was an evening talk organized on the Employee Pension Scheme - 1995, delivered by Dr. Ved Prakash, The Assistant Commissioner, RPFC, Baroda on December 1, 2006. This presentation is regarding the learning he imparted to the participants. I'm sure it would help.

Regards,
Chaitali

Dear Chaitali,

Lots of appreciation from all new HR members for your amazing effort shown in preparing the pension scheme PPT. Being a fresher, it helped me a lot. Please keep posting.

Thanks,
Nirmala K. Murthy

Please check Table A (for withdrawal benefit).

I think there is a typing mistake. The wage multiplier shown against service length of 8 years is incorrect. It should be 8.7 instead of 5.7.

Dear All,

Please review Table A of the PowerPoint presentation (for withdrawal benefits). I believe there is a typing error. The wage multiplier displayed for a service length of 8 years is incorrect. It should be 8.7 instead of 5.7. Kindly verify and confirm.

R. Chauhan