04/12/23 Message from NCR/NCOA to its Member Associations. Dear Friends, 1) You are aware that EPFO is bent upon finding ways and means to not to pay enhanced pension to us. A contempt petition is also pending in the Supreme court. 2. NCR/NCOA GC feels that this Order can be contested through a fresh application … Read more
Calculation of Pension on Higher Wages on Pro-rata basis. EPFO estimated that there are 1,03,00,000 Employees (not Pensioners) eligible for Pension as on 31-03-2019 with average Wages of 75,328/- and average Past service of 7.29 years. Here as per EPS,’95, Past Service is Contributory service under EFPS,’71, the Pension on which is very insignificant when … Read more
BREAKING NEWS All are requested to wait till the contempt petition as moved by rc gupta against Central provident fund commissioner is finalized or delivered. Since RC gupta Judgement is the Mother judgement in respect of higher pension scheme after dismissing the claim of epfo, that option to be submitted as par scheme I. e … Read more
“Endless doubts regarding computation of Pension on Higher Wages as per the Judgement of the Hon’ble Supreme Court of 4th November, 2022.” All the amendments carried out by EPFO were implemented only “prospectively” but not “retrospectively”. For example: These are only a few examples. Then how can EPFO, when it has issued Circular on 1st … Read more
03-11-2023Dear friends, greetings to all.The latest news on pension Applications and calculations of higher pension on actual salary is posted for your information.Published in the Business Today.G.Murugaiyan President, JAC.Higher pension: EPFO sends out nearly 33,000 letters seeking Rs 1,947 croreThis is seen as the start of the actuarial analysis of the impact of higher pension … Read more
Please find print out link of this content at the end of this English Article To, The Central PF Commissioner EPFO, Head Office New Delhi. Sub: Higher Pension on actual salary under Employees Pension Scheme 1995. Ref: 1. Supreme Court Judgement dated 04.11.2022 2. The instructions vide circular dated 01.06.2023 bearing No. Pension/SC/Higher Pension/2022/1357 by … Read more