EPS 95 LATEST NEWS: ATTENTION TO ALL EPS-95 PENSIONERS

ATTENTION TO ALL EPS-95 PENSIONERS #EPF

On 19th December 2018, NK Premachandran had a discussion with High Empowered Monitoring Committee to evaluate and review the EPS-1995. The Committee is finalizing the report and probably submit to the Labour Minister within days.

Enhancement of Minimum Pension of Rs. 1000/- is under the active consideration of the Committee.

Restoration of full pension after the realization of commuted amount will be favorably considered.

ESI Medical Benefit to all EPS Pensioners will be implemented.


Other issues namely -
Pension linked with DA.
Option to higher pension on the basis of actual salary.
Eligibility criteria for minimum pension.
Restoration of commutation benefit and ROC.
Calculation of monthly salary as the average of 12 months.
Additional contribution of 1.16% those who exceed salary of Rs. 15,000/-.


Enhance the contribution of GOI from 1.16% to 4%.
Utilization of inoperative fund for the welfare of pensioners etc.... etc....
are well presented before the Committee. Committee is concerned about the fund deficit as per the Actuarial valuation.

Let us hope for the Best.