An employee retired from service due to superannuation in the year 1998 with EPS pension commutation. Now, he has reached 72 years. Is there any provision to get a higher amount of pension at this age?
From India, Pathanamthitta
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1From India, Pathanamthitta
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My query is on the commutation and restoration of EPS. An employee retired from service due to superannuation in the year 1998 with EPS pension commutation. Is he eligible to get a higher amount of pension as part of the restoration of EPS? Does he get any arrears in this regard?
From India, Pathanamthitta
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From India, Pathanamthitta
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Restoration of Full Pension for EPS Members
The Central Board of Trustees of EPFO, in a meeting on August 21, 2019, approved the proposal to restore the full monthly pension for EPS members who availed commuted pension. “In a major decision, the Central Board of Trustees (EPFO's apex decision-making body), in a meeting held at Hyderabad on August 21, 2019, approved a proposal to recommend an amendment in EPS-95 for the restoration of the commuted value of pension to pensioners after 15 years of drawing commutation, which will benefit about 6.3 lakh pensioners.
Read more at: https://economictimes.indiatimes.com...w/74310329.cms
Thus, you have a case for restoring full pension with effect from 2013, and you are entitled to get arrears too.
From India, Mumbai
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The Central Board of Trustees of EPFO, in a meeting on August 21, 2019, approved the proposal to restore the full monthly pension for EPS members who availed commuted pension. “In a major decision, the Central Board of Trustees (EPFO's apex decision-making body), in a meeting held at Hyderabad on August 21, 2019, approved a proposal to recommend an amendment in EPS-95 for the restoration of the commuted value of pension to pensioners after 15 years of drawing commutation, which will benefit about 6.3 lakh pensioners.
Read more at: https://economictimes.indiatimes.com...w/74310329.cms
Thus, you have a case for restoring full pension with effect from 2013, and you are entitled to get arrears too.
From India, Mumbai
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EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf