An employee submitted EPF and EPS claims after completing 8 years and 4 months of service. It was a catering industry with monthly wages varying according to number of days. NCP days were mentioned after the year 2017. Before 2017, NCP days were not mentioned in the monthly ECR lists.
While the EPF claim was settled fully, the EPS claim was settled partially. Total EPS balance was Rs.27,538/- but ony Rs.15145/- was settled.
Upon employer's query through email, EPFO's replies were "As regards EPS, the service rendered by the member taking NCP days (break in service) and also average salary drawn by the member will be taken into account for the calculation of EPS which is based on the formula provided in Table D of EPS, 1995" and "As regards eps full amount is not sanctioned as is based on formula and factor".
Can anyone explain? Is there any way that the employee can get the balance EPS amount in full?
Thanks in advance!!
While the EPF claim was settled fully, the EPS claim was settled partially. Total EPS balance was Rs.27,538/- but ony Rs.15145/- was settled.
Upon employer's query through email, EPFO's replies were "As regards EPS, the service rendered by the member taking NCP days (break in service) and also average salary drawn by the member will be taken into account for the calculation of EPS which is based on the formula provided in Table D of EPS, 1995" and "As regards eps full amount is not sanctioned as is based on formula and factor".
Can anyone explain? Is there any way that the employee can get the balance EPS amount in full?
Thanks in advance!!