#EPS95 , #EPF , #EPFO , #DelhiHighCourt
Under EPS you will get pension based on the number of years in service and your last drawn salary. EPS pension is very low because EPFO capped the salary used for computation of pension at Rs 15,000 per month.
Employee's Pension Scheme (EPS 95) had its rollout in 1995. ... In 1996, a provision was added to the EPS 95 rules of “Granting an option to the employer and the employee, on joint request, to contribute amounts towards the Provident Fund over and above the ceiling limits and on the actual salary.There are 52 such cases (in RO, Chandigarh) wherein pension has been revised but their pension revision arrears have not been released for want of proof of having exercised options under Para 26(6) of EPF Scheme, 1952 and under Para 11(3) of EPS’95. There is one such case relating to a pensioner from my organisation (Haryana Tourism Corporation) too but in this case option under Para 26(6) had been exercised by him; which was duly approved by EPFO .
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