Higher Pension

SUB :- HIGHER PENSION OPTION - Allowing members of Employees Pension Scheme 1995 the
benefits of the actual salary in the Pension Fund exceeding wage limit of Rs.6500/- or Rs.15000/-
per month from the effective date respectively as per the Hon'ble Supreme Court's order in SLP
No 33032-330033 of 2015 - Option for higher pension and deduction of Contribution towards
EPS-1995 on Full Salary i.e. the salary on which EPF is deducted and remittance of the amount
to the Pension Fund- Exercising of Option - Regarding.
REF: EPFO letter no Pension-I/12/33/EPS Amendment /96/Vol. 11 dated 23.03.2017

In view of the above judgement of the Hon'ble Supreme Court, there is no need to approach any court, but this precedent is sufficient. more  

View all 6 comments Below 6 comments
The order is not being implemented as EPFO have raised about Exempted/un exempted category issue after implementing in some cases.The EPFO is making a mockery of Supreme Court Judgement and harassing pensioners.Govt is also silent despite various assurances given on the floor of Lok Sabha and also to various MPs who did raise the issue on personnel levels also. Really painful. more  
The amount of pension paid by EPF is not sufficient to survive even 1 day in a month. it should be abolished as it does not serve purpose of provided subsistence support. more  
Supreme court must intervene and tell EPFO to implement its order intoto within a time frame. If it does not follow, SC must sent notice to the Union Govt for not implementing its order. more  
Govt & Epfo does not want to implement this. The junior HRD minister Mr. Kusgwah who later resigned on the eve of MP Rajasthan election, made reirees'representatives' who met him believe that he is favourably considering the implementation, later in a TV interview (before he resigned) said Govt can't implement it to every one & can give it to only those who had approached SC & got the verdict. He also mentioned that that GOvt is considering Rs 2000 minimum pension. All that boils down is that the GOvt is trying to take us for a royal ride. Now with the election code coming up in next 2 months don't expect any action from this Govt. We should organise to file a case in SC requesting a pro active implementation by Govt/ Epfo. Since EPFO has all the information in their records, they should inform all eligible the amount to be paid for availing enhanced pension & the amount of pension with arrears that they are eligible. EPFO also should adjust the amount to be paid from the arrears. Now EPFO is insisting to pay the amount first.' more  
This issue has been a struggle since a long time and hope before elections we see light of the same.
What people are asking are what has been promised by the govt. more  
Post a Comment

Related Posts

    • EPF Online transfer claim

      I had requested online for Claim Transfer and received message from EPFO saying its approved and amount will be credited soon but even after 40 Days , it's not transferred to current PF account.My ...

      By Gourav Anand
      /
    • Shared this from Tax, Investments and Retirement

      most of the middle class people retired from private sector have been getting a megre EPS pension anything between Rs.1000 & 2000 per month. This is without any increase for more than last 20 y...

      By Nagendra Rao Galla
      /
    • Covid19 relief measures attached

      Government to pay the EPF contribution for the next 3 months for establishments with upto 100 employees 75% or 3 month's non-refundable advance allowed from EPFs

      By Satvik Singh
      /
    • EPS pension

      how much pension I could get under eps-95 scheme per month if I volunteer retire at the age of 54year ,my joing date of service is 1990 January.and length of service is 30.5 years with a basic sale...

      By PRAKASH BAVISKAR
      /
    • PPF account extention

      Can anybody guide me about the procedure of SBI PPF account extension from remote location (you are not in the city where the PPF account is running). Visiting the place just because of physic...

      By Shibdas Mallick
      /
    • Option for reduction of EPF contribution - Dangerous

      Seen in newspapers, HR circles that an option will be provided to employee to reduce his contribution, but Employer share will remain same. Why this? It is claimed more take home compensation for e...

      By SN Sitaram
      /
    • EPF interest is always lower than the declared percentage- check it

      Have you ever checked your EPF interest amount credited with calculation? There are thousands of blogs regarding declared interest rate etc but it never gives a proper calculation procedure to chec...

      By Shibdas Mallick
      /
    • PF withdrawal

      Chances are low now for fraud as you will be linking Aadhar, PAN , bank account etc., to the UAN. Probably it is wise to withdraw at the end of three years as it can fetch fairly good interest ti...

      By GK SESHASAYEE
      /
    • Interest on EPF

      Its going to be 3 years since you left. You have't withdrawn so far, must be some plan. f you have any plan to join some service, its ok, otherwise there is no point of retaining the balance in fun...

      By Vijay Agarwal
      /
    • Duration of interest on EPF balance after quitting job .

      I resigned from my company at the age of 48 yrs after 28 years (May1989 to Jan 2017) of service, hence contribution to my epf account stopped. Pl inform that how long will the balance in my e...

      By Sanjay Tikoo
      /
    • EPS certificate

      Friends,I need suggestion regarding my EPS certificate received from EPFO. I have worked in a trust for 2 years 10 months and after that joined another company which does not contribute to EPS.

      By Anuradha Bhatta
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)