Employees’ Pension Scheme (EPS), 1995 – Latest updates about revision of scheme and court case

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Employees’ Pension Scheme (EPS), 1995 – Latest updates about revision of scheme and court case

Employees’ Pension Scheme (EPS), 1995 – Latest updates about revision of scheme and court case

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED QUESTION NO: 207

ANSWERED ON: 18.07.2022

EPS-95 Scheme

Rajmohan Unnithan
Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-

(a)whether it is a fact that 30 lakhs of eligible pensioners have not yet received the minimum pension of Rs.1,000 even since introduction of the term PF Pension;

(b)whether the Government has taken steps to review and revise the EPS-95 scheme every ten years and if so, the details thereof and if not, the reasons therefor;

(c)whether the Supreme Court has constituted a three-member bench to inquire into the non-payment of pensions to the retiring workers and if so, the details thereof; and

(d)whether the Government is working on a comprehensive revision of the PF pension and if so, the details of the plan to implement the same in near future?

ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT
(SHRI RAMESWAR TELI)

(a): No, Sir.

(b): The Employees’ Pension Scheme (EPS), 1995 has been framed by the Central Government in accordance with the powers conferred by section 6A of the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP) Act, 1952. The EPS, 1995 came into force on 19.11.1995. Review and revision of schemes is an ongoing process. The provisions of the EPS, 1995 have been reviewed from time to time based on the recommendations of the Expert Committee and the High Empowered Monitoring Committee as well as taking into account the actuarial evaluation of the Employees’ Pension Fund. Some of the important amendments made in EPS, 1995 are as under:

(i) Increase in wage ceiling from Rs. 6500/- to Rs.15000/- per month from 01.09.2014.

(ii) Provision of a minimum pension of Rs. 1000 per month to the pensioners under EPS, 1995 from 01.09.2014 by providing additional budgetary support wherever the pension was falling short of Rs.1000 as per pre-defined formula for calculation of pension.

(iii) Restoration of normal pension after completion of fifteen years from the date of such commutation, in respect of those members who availed the benefit of commutation of pension under the erstwhile paragraph 12A of the EPS, 1995, on or before 25.09.2008 vide notification G.S.R.132(E) dated 20.02.2020.

(c): The Union of India and the Employees’ Provident Fund Organisation (EPFO) have challenged the judgement dated 12.10.2018 of Hon”ble Kerala High Court, which set aside the 2014 amendments to the EPS-95, in the Hon’ble Supreme Court. The Hon’ble Supreme Court vide its order dated 24.08.2021 in Special Leave Petition (C) Nos.8658- 8659 of 2019 and other connected cases directed to refer the matters to a Bench of at least three Judges. The matter is now sub-judice.

(d): The Code on Social Security, 2020 (36 of 2020), was notified on 29.09.2020, which subsumes 9 Central labour laws including the EPF and MP Act, 1952. Section 15 of the new Code envisages to frame various schemes including pension for the employees and their family members. However, the said Code has yet to come into force.

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employees-pension-scheme

Source: Lok Sabha PDF

COMMENTS

WORDPRESS: 41
  • ASHOK 3 months ago

    WHEN ALL CENRAL AND STATE GOVERNMENT OFFICIALS ARE GETTING A VERY GOOD PENSION AND EVERY YEAR THEIR PENSION WILL BE HIKED. BUT WHY THE GOVERNMENT SHOULD NOT SEE THE PROBLEMS OF PRIVATE SECTOR STAFF AND WORKERS WHO RETIRED AND GETTING PENSION OF MAXIMUM 3000 ONLY AND MINIMUM OF 1000 RUPEES SINCE LONG LONG YEARS. I REQUEST YOU TO PLEASE REVISE THE EPF PENSION TO HELP THE PRIVATE SECTOR PEOPLE WHO ARE REALLY FACING PROBLEMS IN MAINTAINING THEIR LIVELYHOOD IN OLDEN DAYS

  • Vinod Sardana 4 months ago

    Honourable Prime Minister Ji,

    I worked about 30years job in private sector/public limited co.
    Now I am getting pension Rs.2612.00
    only.Isit ok for me and for many other victim like me.Is not our expolitation.Where we should go for pray.Pl.look into the matter and give us respectable pension so that we survive our family and get respect.Now I am 60years old and having two childern studing in higher classes.There are so many retired person like me are suffering in life.Hence you are requested to fix minimum pension of Rs.15000.00.
    Hope,you will listen our voice and fulfill our request.

    Thanking you.

  • Asit Kumar Dey 4 months ago

    I am retired on January 2018 getting pension Rs.1660/_ pm.Now my medical expenses Rs 3500/ pm.As a sr.citizen it’s impossible to maintain the above pension amount.I request please increase the Pension amount at least Rs.10000/pm

  • Sandeep Mehrotra 4 months ago

    ये जो updates दी जा रही हैं कि पेंशन बढ़ जाएगी, ऐसा कुछ होने वाला नहीं है केवल बेवकूफ़ बना रहे है,सरकार कुछ भी नहीं करेगी। लगाए रहो उम्मीद, आगे और भी उम्मीदें दिखायी जाएगी,आने वाले सालों में भी कोई निर्णय नहीं होगा, हम लोग भगवान को प्यारे हो जाएंगे फिर भी ये उम्मीदो की कहानी चलती रहेगी,निर्णय लेना होता तो अब तक हो गया होता,सुप्रीम कोर्ट और सरकार मिले हुए हैं कि टाले रहो बेवकूफ़ बनाए रहो और हम लोग बेवकूफ़ बन रहे हैं। अगर सरकार और सुप्रीम कोर्ट की मंशा ईमानदार है कि पेंशन बढ़ानी है तो अब तक बढ़ा दी होती, झुनझुना बजाओ, अगर करना है ईमानदार तो दीपावली तक दे शुभ समाचार वो होना नहीं है, बेशर्मी की हद होती है
    संदीप मेहरोत्रा

  • J Sreedhar 4 months ago

    Modi Sir
    Retired employees are awaiting for your favorable consideration to increase the minimum pension to Rs.10000/- p.m. which reduce their hardship in the final days of their life

  • ANUP KUMAR MAJUMDAR 4 months ago

    Please Help senior citizens to increase the minimum pension 10000/pm.

  • Bhaskaran 5 months ago

    Respected Prime Minister,

    EPF pension which was deducted from my salary during my job period which was directly linked with Consumer Price Index (whereas a jump in my salary for every three months later merged in the basic salary) but as on date as a SENIOR CITIZEN unable to get increased pension in the recent years. I am requesting you, revision in EPF 95 must be implemented with immediate effect, fixing a minimum Pension of Rs.10000/- per month.
    Kindly Justify, CPI is meant for all working salaried person increment. Whereas for Senior Citizen this CPI not at all considered for merging in pension.

    Hope all the Senior Citizens must get a minimum of Rs.10000/- as EPF pension.
    Retired person won’t get jobs / increased pension / free medicines / travel benefits etc.,
    Please do the needful as most of the senior citizens facing problems in their day to day life.

    With Regards,

  • Mukeshkumar M.Pandya 5 months ago

    Sir,
    I am 73 Years old retired EPFO retired member.I worked  35Years in service .I am getting EPFO Monthly pension of Rs.880/=(Rs.Eight hundred eighty only), even though Govt has increased Minimum Monthly pension of Rs.1000/=.

    EPFO Monthly pension should be Minimum of Rs.15,000/=(Rs.Fifteen thousand only)per month due to increased High Cost of Living, High inflation, High Medical Expenses, High Education Expenses of children and other living necessary expenses etc. So that one family can proper maintain his all family members maintenance in this high cost of living, inflation in the society.Medical facilities should be free to all EPFO pensioners. EPFO pensioners Minimum  pension increase demand is very old since Year 2014-15, but No Govt.Authority is taking any prompt decision till to-date of Year 2022, It is matter of very regret. It is my kind request to the Govt. Authorised authorities to increase Minimum Monthly pension of Rs.15,000/=per month. Moreover pension should be directly linked to the inflation index.,it is my suggestion.
    Thanking you,Sir.

  • A R Sreekantappa 5 months ago

    I am working B E M L 1990 to 2011 May.Now getting pension Rs 1770. Is it possible to mentain the family please tell me,

  • Umapathi Vadlamani 6 months ago

    To, Honorable Prime Minister/Honorable Labor Minister/Concerned Authorities

    Sir,

    As you are aware cost of living has so steeply gone up, that it is highly impossible for a Senior Citizen to sustain with a meagre EPS-95 pension. I am 67 years old and cannot embarass & put pressure on our married daughter for our monthly maintenance expense. Only Son passed away when he was 22 years of age due to chronic illness. Now literally suffering from financial problems, not able to survive with this meagre pension of Rs.1000. My medical expense alone is Rs.3500 p.m.

    Please enhance EPS-95 pension to atleast Rs.10,000 apart from free medical facilities.

    Please look into our grievances Sir.

    Thanking you
    Yours sincerely,
    Umapathi Vadlamani
    EPS-95 pension Holder

  • J s chaudhary 6 months ago

    Ppension to be Rs 10000/_pm alive otherwise we thought the Indian leaders is not working, the old age ex employee.

    • Sunir kumar mani 5 months ago

      A psu jessop & co Ltd which pension 95 is 1800 rs per month. Is it real & self INDIA? Pl save us

  • rajnath yadav 6 months ago

    epf pension should be calculated on full salary at the time of retirement .it should not be calculated on 15000 ceiling.

  • SRINIVASAN.R 6 months ago

    Pl help us in getting full minimum penshion of Rs10000/per month we worked in private company employees are suffering lot with this old lowest pension. We request the Central Government to increase the pension upto 10,000/- it help us to live peacefully. Expecting a favourable amendment.

  • Rajan savlo purkhe 6 months ago

    My pf amt. contributed in vashi epf office by guardian facility management (nagpur)pvt.ltd is not yet merged to my present epf account although my uan no. same in goa Ie.100293211878 after reminding in office. Please look in to
    the matter.

  • Ashvin Shah 6 months ago

    Nothing has been done so far to increase the paltry 1000 pension to eps 95 pensioners
    Whereas government employees DA and perks increased mani fold…
    This is gross injustice to millions of employees working in private firms without any support from the government
    What are trade unions doing?
    They should fight for the employees to get increase in pension hike…

  • sukumar chakraborty 6 months ago

    Respected, Hon’ble Prime Minister,

    Please try to increased minimum EPS 95 pension (Rs.5000 – 9000) within a short period so that I can goodbye the World with a smile face.

    • Satyanarayana t 6 months ago

      నేను eps 95 ద్వారా 96 లో రిటయిర్ అయినాను నాకు ఇప్పుడు పెంక్షన్ వర్తిస్తుంది నేను పెంక్సన్ స్కీం ద్వారా 1000/- పొందుయున్నాను. పెరుగుదల నాకు వర్తిస్తుందా?

      • VRS taken cement corporation of India limited adilabad telengana pensioners position please they are eligible for heigher pension or not

        • A S Durga Prasad 3 months ago

          VRS taken cement corporation of India limited PSU adilabad telengana EPS 95 pensioners position please they are eligible for heigher pension or not please

  • अशोक शर्मा 6 months ago

    मुझे 770 रुपये पेंशन मिल रही है, जब कई राजयों मे वृद्धा पेशन 2500 से 3000हजार मिल रही है, कितना अन्याय हो रहा है हमारे साथ, पर हमारी सुनने वाला कोई नहीं है। हमारी पेशन कम से कम 10000रुपये प्रति माह होनी चाहिये

  • Varsha 6 months ago

    There is tremendous problem In eps 95 pension. All concert dept foolish to pensioners at old age. Nobody have a gut or wish and will to solve very easy problem. PMO has power to solve the issue without
    consulting anybodys order.25 percent pensioner already died due to medicine and food. Therefore, requested to PMO look in this matters and increase the pension in between 21 to 27 thousand per month to recoup the food, medicine etc expenditure.

  • P.S. Krishnan kutty 6 months ago

    Sir, I am having 30 years of service in different Private sector compaies and was a member of EPF scheme. Due to lack of record reconciliation i am not getting my full pension. Instead i am getting a meager amount of Rs.1146/-p.m since retirement i.e from Nov. 2010. I have taken it up with my erstwhile employer and epf office but nothing has happend. If the minimim amount is increased to reasonable amount i will be happy.

  • Partha 6 months ago

    Nothing touch the heart of present day rulers. They will delay the matter in the mask of legal litigation in reality price of all food products by at least four times while this act was framed pand most of the medicines becoming costlier every year 🙏

  • Umesh 6 months ago

    Many of us who took VRS from HMT are getting less than 900 even as of now. Will be at all get the higher amount or not.

  • Siddesha b s 6 months ago

    I had been disturbed due to sudden decline in my salary 54000 to 3669 as pension. We had been paid rs 540 to 1800 per month since 1996. How it is nt increasing in pension salb, will u think we have to take only air to Live,wo food & wtr, treatment, bca we had eligible to take green card, food supply, medical benefit,
    So let we r nt citizens of india

  • Abu Jafar Mondal 6 months ago

    Till today I did not get any information from concern department that my original SCHEME CERTIFICATE bearing no MH/BAN/58275 had been merged with current PF A/C no.MH/VASHI/116916/32. Pls update my matter.

  • Ajay Lal 6 months ago

    Minimum amount must be increased , also a provision for revsion is minimum pension every five years should be there

  • CLEDWYN.J.A.MONTEIRO 6 months ago

    I have still not rcvd my pension from the Kandivali PF office Mumbai even though Bandra PF office Mumbai had sent intimation to Kandivali PF office on 7th June 2022 by SPEED POSTto release my pension (a copy was also sent to me for followup with Kandivali PF office) I had visited the Kandivali PF Office but every time they keep on giving excuses. I cannot comprehend as to why they cannot settle my pension. I had applied on 10th March 2021 along with my scheme certificates

    Kindly look into this as many pensioners who visit Kandivali PF office has the same issue

  • Subrata 6 months ago

    EPF 95 monthly pension should be increased minimum Rs.15000.00/month
    govt.should consider in accordance to inflation and the tax increased.

  • Akshayakumar 6 months ago

    I am ashamed to disclose the amount of pension i am getting. It is high time central government do something on this.

  • Kamala 6 months ago

    Yes the pf pensioners need increase in the amount fromm Rs. 1000/- to a reasonable amount.

    Mr. Modi, please help us also live happily, not dependent.

    • S.p sharma 6 months ago

      Sheesh pal sharma sir we are getting the pension only Rs 3384 p/m ,when we have continue service thairty three years and continew contribution .our age sixty two years our wife tretment continue like sugar,v.p etc and p/m madicine charge approximate six thousand and other expension like milk .elect.bill.water bill .we are suffaring very helpless maintain the faimly.so we all request to Govt of India as soon pension should be increased.

  • Abhijit 6 months ago

    Enough is written and discussed with revision and increas in EPS 95 scheme. I want to know it will be increased at all to minimum Rs 9000 or anything close to this amount.

  • Arvind Kumar Bhatt 6 months ago

    Good information for pension 95 will be
    Increased or not

  • Andre 6 months ago

    Mr Narendra Modi Our Honorable PM,pl look into the matter of the EPS 95Pension Scheme and increase the minimum Pension to retired people of RS 10000 as many of us old and retired people are suffering since many years still waiting for the govt Declaration.

  • Vishram G Naik 6 months ago

    Sc, goi, ep office will continue to fool eps pensioners

  • Sunil 6 months ago

    Please Help senior citizens to increase the minimum pension 10000/pm

  • subbiah pillai 6 months ago

    Welcome

  • Ch. prakash rao 6 months ago

    Pl help us in getting full minimum penshion of Rs10000/per month

  • Swapan Chakraborty 6 months ago

    Good