EMPLOYEES’ PROVIDENT FUND ORGANIZATION
(Ministry of Labour & Employment, Govt. of India)
Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi – 110 066
Dated: 21 JUN 2017
All ACCs (HQ)/ACC-I/ACC-II (Zones)
All RPFC-I/RPFC-II (Regional Offices).
Subject:- Benefit of two years weight age of service to the members with 20 or more years of Pensionable Service under Employees’ Pension Scheme, 1995 — reg.
Several references have been received from the field offices that cases where two years weight age was given where the past service comes out to 20 years, the new application software while generating the worksheet has reduced the past service benefits in comparison to that calculated in legacy software. The matter has been examined and the following clarification is issued.
The provision for the past service pension is provided in Para 12 (3) as under :-
|S. No.||Years of past service||Salary up to Rs. 2500/- per month||Salary more
than Rs. 2500/- per month
|i.||Up to 11 years||80||85|
|ii.||More than 11 years but up to 15 years||95||105|
|iii.||More than 15 years but less than 20 years||120||135|
|iv.||Beyond 20 years||150||170|
From the above said table it is clear that:
As Row-3 specifically speaks of past service less than 20 years, it will not include past service of 20 years as per simple understanding. Hence, the logical conclusion is that Row-4 will include past service of 20 years and beyond 20 years.
In this regard necessary changes have been made in the application software by the I.S. Division and the WAR has been released to all field offices.
In light of the above, it is requested to take necessary action to dispose off all references/grievances pending at your end.
(This issues with the approval of CPFC)
Regional PF Commissioner-I (Pension)
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018