Dear all,
Kindly share your opinions on the commutation of EPS'95 Pension. A member has retired on 31.01.2020 upon completing 58 years.
Now, my question is, is he eligible for the commutation of 1/3rd of the pension as per the latest Gazette notification dated 20.02.2020?
Please clarify with your valuable updates.
From India, Secunderabad
Acknowledge(0)
Amend(0)
Kindly share your opinions on the commutation of EPS'95 Pension. A member has retired on 31.01.2020 upon completing 58 years.
Now, my question is, is he eligible for the commutation of 1/3rd of the pension as per the latest Gazette notification dated 20.02.2020?
Please clarify with your valuable updates.
From India, Secunderabad
Acknowledge(0)Amend(0)
Government implements EPFO's decision to restore pension commutation. Around 6.3 lakh pensioners to get benefit.
Please read the following link:
Govt implements EPFO’s decision to restore pension commutation; 6.3 lakh pensioners to get benefit – My Tax lakh pensioners-toget-benefit-2/
From India, Aizawl
Acknowledge(1)
Amend(0)
651Please read the following link:
Govt implements EPFO’s decision to restore pension commutation; 6.3 lakh pensioners to get benefit – My Tax lakh pensioners-toget-benefit-2/
From India, Aizawl
Acknowledge(1)Amend(0)
Dear Radhakrishnan Sir,
I understood from the gazette that the restoration is for the pensioners who retired up to 25th September 2008 and opted for commuted pension. Now, I would like to get clarification on whether employees who retire in 2020 are eligible for the pension commutation scheme or not. Please clarify.
Regards,
P.G. Reddy
From India, Secunderabad
Acknowledge(0)Amend(0)
I understood from the gazette that the restoration is for the pensioners who retired up to 25th September 2008 and opted for commuted pension. Now, I would like to get clarification on whether employees who retire in 2020 are eligible for the pension commutation scheme or not. Please clarify.
Regards,
P.G. Reddy
From India, Secunderabad
Acknowledge(0)Amend(0)
Renewed pension will be restored only to those who have retired and commuted before 25.9.2008 not for those who retired after.
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
Dear Mr P RADHAKRISHNAN NAIR, can you Please elaborate your reply regarding Eligibility of Retirees Post 25-09-2008 for Commutation of EPS Pension
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Dear All, If any employee retired in 2006, he died in 2015. His wife is getting the pension now. So, is she (wife) eligible for restoration of commuted pension? Please let me know.
From India, Delhi
Acknowledge(0)Amend(0)
0
0
From India, Delhi
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-[response] The wife of a deceased employee is eligible for restoration of commuted pension under EPS'95. The commutation can be restored after 15 years from the date of commutation. (1 Acknowledge point)
0
0
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
CiteHR.AI
(Fact Checked)-The information provided in the user reply is correct based on the decision of the government to restore pension commutation for EPFO pensioners. (1 Acknowledge point)