Curious About the Latest Changes in the Employee Pension Scheme, 1995? Let's Discuss!

I have come to know that there is some amendment in the Employee Pension Scheme, 1995. Can anyone tell what these amendments are?

Regards,
Vikram Singh

Please find enclosed herewith the copy of GR for amendment of B.D. in EPS 1995. I hope everybody can update this information.

H.K. Bhosale

Dear All,

Please find attached the copy of the latest amendment in the Pension Scheme.

Thank you.

Enclosed herewith is a copy of the amendment in EPS 195.

H.K. Bhosale

Please find attached a file containing a copy of the amendment to EPS 1995.

Thanks,
H.K. Bhosale

My father retired on 31/12/2003, and his pension started from 1/7/2008. The first pension payment was received on 8/8/2008. Could you please tell me which factor table should be used to calculate his pension? Should I refer to the old Table B or the newly amended Table B? His current pension amount is lower based on my calculations, and I am considering filing an application for a revision. Please advise on which table I should use.

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 years and availed pension thereafter, you may contact the Office of the Regional PF Commissioner and inform me of their response.

Abbas

EPS-95 Pension Scheme Calculation Inquiry

I am a member of the EPS-95 Pension Scheme. My birth date is 03/07/1958. My date of joining EPF is 22/06/1974, and my date of exit is 30/09/2009. Service before 15/11/1995 is 21 years, 0 months, 25 days, and service after 15/11/1995 is 13 years, 10 months, 15 days. My eligible service is 35 years. Wages on 15/11/1995 were Rs. 4,500, and on the date of exit were Rs. 6,500. NCP days are 0. I am getting a pension of Rs. 2,296 per month from 03/07/2016, and the type of pension is Superannuation. The weightage service factor is 2. Is this the correct calculation of the pension? If it is correct, please explain it to me.

Amendment in EPS-95 Pension Scheme

I also heard that there is an amendment in the EPS-95 Pension Scheme. The minimum pension will be Rs. 7,500. Is it true?