EPF Pension Latest News: Have you retired from the job before the change of power in India during 2014 and yet you have not been given the benefit of enhanced pension by the Employees’ Provident Fund Organization (EPFO)?
If you are not yet availing the pension scheme of EPFO, then there is an important news for you. During the budget session of Parliament, Congress MP B Manikkam Tagore and Bharat Rashtra Samithi MP Manne Srinivasa Reddy asked Union Labor and Employment Minister Bhupendra Yadav questions related to the retired employees deprived of the benefits of the EPF pension scheme. Let us know what the Union Labor and Employment Minister Bhupendra Yadav gave in response to the question of the opposition MPs.
EPFO gave opportunity to pensioners for enhanced pension?
In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that yes, yes. On December 29, 2022, the Employees’ Provident Fund Organization (EPFO) issued instructions for inviting online applications from pensioners who retired prior to January 01, 2014 and who have opted for combined options to contribute to the Pension Fund at a salary in excess of the pay limit prior to their retirement. was used. But, their combined options were rejected by EPFO (due to cut-off date). This is in pursuance of the directions of the Supreme Court as contained in Article 44(ix) read with Article 44(v) and (vi) of the judgment dated 04 November 2022 in SLP (Civil) No. 8658-8659 of the year 2019.
EPFO is considering the option of increased pension during the job?
In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that on August 22, 2014, G.S.R. As per the Employees’ Pension (Amendment) Scheme, 2014 notified vide 609(E), with effect from 01 September 2014 only employees drawing salary up to Rs.15,000 per month are entitled to subscribe to the Employees’ Pension Scheme (EPS), 1995.
What is the status of those who retired or employed after September 1, 2014?
In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that those persons who have retired after 1st September 2014 or who are in service and are members of EPS 1995, they can apply for G.S. .Prohibit. are governed by the provisions of the EPS, 1995 as amended vide 609(A).
What is the Supreme Court’s order?
The Supreme Court has directed under Section 142 of the Constitution of India that members of the EPS, 1995, who have exercised the option to contribute on salary in excess of the wage ceiling as required in the proviso to pre-amended Article 11(3) of the EPS, 1995 not exercised shall be entitled to exercise the combined options under clause 11(4) of the post-amended scheme within the extended time period of four months.
Provided further that the remaining requirements as per the amended provision shall be complied with. The Supreme Court directions have legal, financial, actuarial and logistical implications and are being studied.
