EPS 95 Pensioners: Can You Still Secure Increased Benefits if You Retired After 1.9.2014?

EPS 95 pensioners who retired before 1.9.2014 without exercising the option will not benefit. However, those who are still continuing in service stand a chance after filling the joint option. Pensioners retiring on or after 1.9.2014 will have four months from 4.11.2022 to exercise the option to receive the increased pension benefits.

Dear Sir, could you please explain what exercising the option means exactly?

Thanks in anticipation,

Regards, V. Raghunathan

Dear PF Experts, I also have a query on the issue. I have opted to contribute to the pension fund until the age of 60 years and am contributing Rs. 15,000. My superannuation will be at the age of 60 on June 24. This means I have 18 more months before superannuation. Can anybody guess or clarify what benefits I can have in line with the recent judgment of the Hon'ble Supreme Court?

Regards,
Dr. Kamlesh Agrawal
Mumbai

In my case, I retired at the age of 60 in the year 2013, and EPS deduction was done until I was 58 years old. I wasn't aware if exercising the option of deduction until 60 years of age existed at that time.

I am now receiving a small amount as a pension. What options, if any, are available now?

Regards, V. Raghunathan

I joined the EPF service on 01.08.2014 and plan to continue until 31.07.2024, approximately 10 years. How much pension will I receive from the PF department if I contribute for only 10 years?

Dear all, Now I have access to the information that I was looking for. Many of you may be aware of the yeoman service rendered by Mr. Praveen Kohli, who is also playing a leading role in addressing the issues related to EPS 95.

I am sharing his contributions as attachments to this message. You may please take it from your end and also share it with those for whom these will be useful. Please share these with those who retired even 27 years ago.

Regards, V. Raghunathan
Chennai

Dear Mr. V. Raghunathan, a joint option under clause 11(3) has to be exercised by the employee and the employer. This states that you will contribute in excess of the statutory limit and based on the actual salary.