EPS 95 pensioners who retired before 1.9.2014 without exercising the option will not benefit. However, those who are still continuing in service stand a chance after filling the joint option. Pensioners retiring on or after 1.9.2014 will have 4 months from 4.11.2022 to exercise the option to receive the increased pension benefits.
From India, Tiruchirappalli
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16From India, Tiruchirappalli
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Dear Sir, Can you please explain what exactly is the exercising of the option means? Thanks in anticipation, V.Raghunathan
From India
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From India
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Dear PF Experts,
I also have a query on the issue. I have opted to contribute to the pension fund until the age of 60 years and am contributing Rs. 15,000. My superannuation will be at the age of 60 on June 24. This means I have 18 more months before superannuation.
Can anybody guess or clarify what benefits I can have in line with the recent judgment of the Hon'ble Supreme Court?
Regards,
Dr. Kamlesh Agrawal
Mumbai
From India, Delhi
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I also have a query on the issue. I have opted to contribute to the pension fund until the age of 60 years and am contributing Rs. 15,000. My superannuation will be at the age of 60 on June 24. This means I have 18 more months before superannuation.
Can anybody guess or clarify what benefits I can have in line with the recent judgment of the Hon'ble Supreme Court?
Regards,
Dr. Kamlesh Agrawal
Mumbai
From India, Delhi
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In my case, I retired at the age of 60 in the year 2013, and EPS deduction was done till I was 58 years old. I wasn't aware if exercising the option of deduction till 60 years of age existed at that time.
I am now receiving a small amount as a pension. What options, if any, are available now?
V. Raghunathan
From India
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I am now receiving a small amount as a pension. What options, if any, are available now?
V. Raghunathan
From India
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I have joined in epf servie from 01.08.2014 and may be i will contunue it till 31.07.2024 approx 10 years. how much pension i will get from pf department if i will contribute only 10 years ?
From India, Delhi
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From India, Delhi
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Dear all,
Now I have access to the information that I was looking for. Many of you may be aware of the yeoman service rendered by Mr. Praveen Kohli, who is also playing a leading role in addressing the issues related to EPS 95.
I am sharing his contributions as attachments to this message. You may please take it from your end and also share it with those for whom these will be useful. Please share these with those who retired even 27 years ago.
V. Raghunathan
Chennai
From India
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Now I have access to the information that I was looking for. Many of you may be aware of the yeoman service rendered by Mr. Praveen Kohli, who is also playing a leading role in addressing the issues related to EPS 95.
I am sharing his contributions as attachments to this message. You may please take it from your end and also share it with those for whom these will be useful. Please share these with those who retired even 27 years ago.
V. Raghunathan
Chennai
From India
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Dear Mr V. Raghunathan A joint option under clause 11(3) has to be exercised by employee and employer. This states you will contribute in excess of statutory limit and on actual salary.
From India, Tiruchirappalli
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From India, Tiruchirappalli
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Dear Mr. T S Narasimhan, Thank you for the information. V Raghunathan
From India
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From India
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You may watch my two videos on the link on higher Pension and how to apply for it online. The link is given below: https://youtu.be/-9lT-QpF3ng and https://youtu.be/GwxBDVXDu4Y
From India, Mumbai
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From India, Mumbai
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Compendium of Imp. documents related to EPS'95 Higher Pension with links by Parveen Kohli (98103.pdf
18.12.2023 - All-in-One EPS'95 Pension Calculator FINAL - Shared by Parveen Kohli.xlsx