Can someone please explain point 10, alternative 1 regarding the 90% quantum of pension and return of capital. My father is 65, retired. Thanks for your help
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Commutation of Pension and Return of Capital under EPS 1995
After the introduction of the EPS in 1995, the commutation of pension and return of capital were implemented for a few years. If this option was chosen, a pensioner would receive 90% of their eligible pension, and upon their death, their widow would be paid a lump sum amount. The widow would also receive a further reduced pension during her lifetime. For more details on the scheme, you can refer to the EPFO website.
Regards,
M. Venkatraghavan
From India, Selam
Acknowledge(0)Amend(0)
36After the introduction of the EPS in 1995, the commutation of pension and return of capital were implemented for a few years. If this option was chosen, a pensioner would receive 90% of their eligible pension, and upon their death, their widow would be paid a lump sum amount. The widow would also receive a further reduced pension during her lifetime. For more details on the scheme, you can refer to the EPFO website.
Regards,
M. Venkatraghavan
From India, Selam
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf