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Gazette Notification regarding increase in wage ceiling from Rs.6500/- to Rs.15,000/- under EPS,1995, EPFS,1952 & EDLI,1995

Gazette Notification regarding increase in wage ceiling from Rs.6500/- to Rs.15,000/- under EPS,1995, EPFS,1952 & EDLI,1995

REGD. NO. D. L.-33004/99

The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 442]                      NEW DELHI, FRIDAY AUGUST 22, 2014/SRAVANA 31, 1936
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 22nd August, 2014

            G.S.R. 608 (E).—In exercise of powers conferred by section 5 read with Sub-section(1) of Section7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’ Provident Funds Scheme, 1952, namely:-

    (1) This Scheme may be called the Employees’ Provident Funds (Amendment) Scheme, 2014.

(2) It shall come into force on and from the 1st day of September, 2014.

    In the Employees’ Provident Funds Scheme, 1952,-


(a) in paragraph 2, in the clause (f), in sub-clause (ii), for the words “six thousand and        five hundred rupees”, the words “fifteen thousand rupees” shall be substituted;

(b) in paragraph 26, in sub- paragraph (6), for the words “six thousand and five hundred   rupees”, the words “fifteen thousand rupees” shall be substituted;

(c) in paragraph 26A, in sub-paragraph (2), in the proviso, for the words “ six thousand      and five hundred rupees”, wherever they occur, the words “fifteen thousand rupees” shall     be substituted.

[F. No. S-35012/1/2012-SS.II]

ARUN KUMAR SINHA, Addl. Secy.

Note:-  The Employees’ Provident Funds Scheme, 1952 was published in the Gazette of India,     Part II, Section 3, Sub-section (i) dated the 2nd September, 1952 vide notification number       S.R.O. 1509 and the relevant paragraphs were subsequently amended as follows:-

    S.R. 584, dated the 11th May, 1959.
    S.R. 1522, dated the 16th December, 1960.
    S.R. 201, dated the 8th February, 1961.
    S.R. 689, dated the 19th October, 1990.
    S.R. 326 (E), dated the 4th May, 2001.

NOTIFICATION
New Delhi, the 22nd August, 2014

            G.S.R. 609(E).— In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1955, namely:-

    (1) This Scheme may be called the Employees’ Pension (Amendment) Scheme, 2014.

(2) It shall come into force on and from the 1st day of September, 2014.

    In the Employees’ Pension Scheme, 1995, (hereinafter referred to as the principal Scheme), in paragraph 3, in sub-paragraph 2, in the proviso, for the words “rupees six thousand and five hundred”, wherever they occur, the words “fifteen thousand rupees” shall be substituted.

    In the principal Scheme, in paragraph 6, in clause (a), after the words, figures and letter “or 27A of the Employees’ Provident Funds Scheme, 1952”, the words “and whose pay on such date is less than or equal to fifteen thousand rupees”, shall be inserted.

    In the principal Scheme, in paragraph 11,-



(a) for sub-paragraph (1) and the proviso thereto, the following shall be substituted,           namely:-

“(1) The pensionable salary shall be the average monthly pay drawn in any manner             including on piece rate basis during contributory period of service in the span of sixty months preceding the date of exit from the membership of the Pension Fund and the      pensionable salary shall be determined on pro-rata basis for the pensionable service up to        the 1st day of September, 2014, subject to a maximum of six thousand and five hundred           rupees per month and for the period thereafter at the maximum of fifteen thousand rupees            per month:

Provided that if a member was not in receipt of full pay during the period of sixty             months preceding the day he ceased to be the member of the Pension Fund, the average    of previous sixty months full day drawn by him during the period for which contribution        to the pension fund was recovered, shall be taken into account as pensionable salary for        calculating pension;

(b) in sub-paragraph (2), for the figures and word “12 months”, wherever they occur, the   words “sixty months” shall be substituted;

(c) in sub-paragraph (3),-

(i)   for the words, letters and figures “rupees six thousand and five hundred/Rs.

6500”, the words “fifteen thousand rupees” shall be substituted;

(ii)  the proviso shall be omitted.

(d) after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-

“(4) The existing members as on the 1st day of September, 2014, who at the option of the employer and employee, had been contributing on salary exceeding six thousand and five            hundred rupees per month, may on a fresh option to be exercised jointly by the employer      continue to contribute on salary exceeding fifteen thousand rupees per month:

Provided that the aforesaid members have to contribute at the rate of 1.16 per cent on salary exceeding fifteen thousand rupees as an additional contribution from and out of the contributions payable by the employees for each month under the provisions of the Act or the rules made thereunder:

Provided further that the fresh option shall be exercised by the member within a period of six months from the 1st day of September, 2014:

Provided also that the period specified in the second proviso may, on sufficient cause being shown by the member, be extended by the Regional Provident Fund Commissioner for a further period not exceeding six months:

Provided also that if no option is exercised by the member within such period (including the extended period), it shall be deemed that the member has not opted for contribution over wage ceiling and the contributions to the Pension Fund made over the wage ceiling in respect of the member shall be diverted to the Provident Fund account of the member along with interest as declared under the Employees’ Provident Fund Scheme from time to time.

    In the principal Scheme in paragraph 12, in sub-paragraph (2), the following proviso shall be inserted, namely:-

“Provided that he members’ monthly pension shall be determined on a pro-rata basis for    the pensionable service up to the 1st day of September, 2014 at the maximum pensionable   salary of six thousand and five hundred rupees per month and for the period thereafter at      the maximum pensionable salary of fifteen thousand rupees per month”.

    In the principal Scheme, for paragraph 14 the following paragraph shall be substituted, namely:-

“14. Benefits on leaving service before being eligible for monthly member’s      pension.- If a member has not rendered the eligible service specified in sub-paragraph (1)         of paragraph 12 on the date of exit, or on attaining the 58 years of age, whichever is     earlier, such member shall be entitled to a withdrawal benefit as laid down in Table ‘D’       or may opt to receive the Scheme certificate provided on the date he has not attained 58             years of age:

Provided that for calculating such withdrawal benefit, the wages at exit shall be the weighted average of his wages at the end of every wage ceiling period:

Provided further that an existing member shall receive additional return of contributions for his past service under the Employees’ Family Pension Scheme, 1971, computed as withdrawal-cum-retirement benefits as per Table ‘A’ multiplied by the factor given in Table ‘B’”.

[F.No. S-35012/1/2012-SS-II]

ARUN KUMAR SINHA, Addl. Secy.

Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 748 (E), dated the 16th November, 1995 and last amended vide notification number G.S.R. 80(E) dated the 14th February, 2013.

NOTIFICATION
New Delhi, the 22nd August, 2014

            G.S.R. 610 (E).—In exercise of the powers conferred by section 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following scheme further to amend the Employees’ Deposit-Linked Insurance Scheme, 1976, namely:-

    (1) This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2014..

(2)  It shall come into force on and from the 1st day of September, 2014.

    In the Employees’ Deposit-Linked Insurance Scheme, 1976 (hereinafter referred to asl the principal Scheme), in paragraph 7, in sub-paragraph (1), for the words “six thousand five hundred rupees”, the words “fifteen thousand rupees” shall be substituted.
    In the principal Scheme, in paragraph 22, in sub-paragraph (3),-

    in clause (i), for the words “six thousand five hundred rupees”, the words fifteen thousand rupees” shall be substituted;
    in the Explanation, for the words “rupees six thousand five hundred”, the words “fifteen thousand rupees” shall be substituted.

    In the principal Scheme, in paragraph 22, after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-

“(4) The benefit under this Scheme shall be further increased by twenty percent in             addition to the benefits admissible under sub-paragraph (1), (2) or (3) of paragraph 22, as   the case may be.”.

[F. No. S-35012/1/2012-SS.II]

ARUN KUMAR SINHA, Addl. Secy.

Note:- The Employees’ Deposit-Linked Insurance Scheme, 1976 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i); vide number G.S.R. 488 (E), dated the 28th July, 1976and subsequently amended as follows:-

    GSR 1788, dated 07-12-1976
    GSR 648, dated 01-05-1977
    GSR 329, dated 20-02-1978
    GSR 369, dated 14-07-1978
    GSR 67, dated 23-12-1978
    GSR 1013, dated 12-09-1980
    GSR 548, dated 03-10-1981
    GSR 828, dated 14-08-1985
    GSR 873, dated 29-08-1986
    GSR 228, dated 02-03-1989
    GSR 354, dated 22-05-1990
    GSR 30, dated 28-12-1990
    GSR 321, dated 16-08-1991
    GSR 420, dated 31-08-1992
    GSR 176, dated 07-03-1994
    GSR 334, dated 29-08-1997
    GSR 238, dated 13-06-2000
    GSR523(E), dated 18-06-2010
    GSR 9(E), dated 08-01-2011
    GSR 83(E), dated 11-02-201

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Central Government Employee News and Tools: Gazette Notification regarding increase in wage ceiling from Rs.6500/- to Rs.15,000/- under EPS,1995, EPFS,1952 & EDLI,1995
Gazette Notification regarding increase in wage ceiling from Rs.6500/- to Rs.15,000/- under EPS,1995, EPFS,1952 & EDLI,1995
Gazette Notification regarding increase in wage ceiling from Rs.6500/- to Rs.15,000/- under EPS,1995, EPFS,1952 & EDLI,1995 (a) in paragraph 2, in the clause (f), in sub-clause (ii), for the words “six thousand and five hundred rupees”, the words “fifteen thousand rupees” shall be substituted;
Central Government Employee News and Tools
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