Is a Retiree Eligible for EPS 95 Pension Commutation Under the Latest 2020 Gazette?

Dear all,

Kindly share your opinions on the commutation of EPS'95 Pension. A member has retired on 31.01.2020 upon completing 58 years.

Now, my question is, is he eligible for the commutation of 1/3rd of the pension as per the latest Gazette notification dated 20.02.2020?

Please clarify with your valuable updates.

Dear Radhakrishnan Sir,

I understood from the gazette that the restoration is for the pensioners who retired up to 25th September 2008 and opted for commuted pension. Now, I would like to get clarification on whether employees who retire in 2020 are eligible for the pension commutation scheme or not. Please clarify.

Regards,
P.G. Reddy

Dear Mr. P. Radhakrishnan Nair,

Could you please elaborate on your reply regarding the eligibility of retirees post 25-09-2008 for commutation of EPS pension?