My father retired from HCL and is receiving a pension of Rs 2200 from EPS after serving 40 years. Can we apply for a revision of the pension under EPS based on the actual wages exceeding the wages limit when the employer deposited 12% of the actual wages (above the statutory wages ceiling).
From India, Bareli
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12From India, Bareli
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Although the EPS'95 has provisions for enhancing pension based on actual salary, EPFO has agreed to implement this only for non-exempted organizations. It is not clear whether HCL falls under an exempted trust (i.e., PF is managed by PF Trust of HCL) or not. The matter regarding the extension of revised pension benefits based on actual salary in the case of exempted trusts is already before the High Courts and Supreme Court. Please await their decision.
From India, Mumbai
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From India, Mumbai
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EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf