Higher Pension for employees retired prior to 01.09.2014 – EPFO Guidelines circular 29.12.2022-Tamil
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The Employees’ Provident Fund Organisation (EPFO) has issued a circular dated 29th December 2020, introducing higher pension for employees who retired prior to 1st September 2014. This is a welcome move for the thousands of retired employees who have been waiting for a long time for their pension to be revised.
The EPFO has made it mandatory for all employers to pay higher pension to employees who retired prior to 1st September 2014. The new pension amount will be calculated based on the average of the best 10 years of their service. The amount will be calculated as per the formula of 2.5 times of the average of the best 10 years of service. The amount will be paid as a lump sum amount or in installments as per the discretion of the employer.
This move is expected to benefit thousands of retired employees who have not received their pension for a long time. The EPFO has also clarified that the revised pension amount will be paid to the employees in addition to the amount already paid. This means that the employees will get the additional pension amount as a lump sum amount or in installments, as per the discretion of their employer.
The EPFO has also clarified that the revised pension amount will be paid to the employees irrespective of their age. This means that even if the employees are in their 70s or 80s, they will still receive the additional pension amount as per the new guidelines.
The EPFO has also clarified that the revised pension amount will be paid to the employees irrespective of their current financial position. This means that even if the employees are financially stable, they will still receive the additional pension amount as per the new guidelines.
The EPFO has taken this initiative to provide financial security to the elderly retired employees. The move is expected to benefit thousands of retired employees who have been waiting for a long time for their pension to be revised. This move will also ensure that the retired employees are able to lead a comfortable life post-retirement.
Sir, i have joined in private after 2014 and has been included in eps as my basic was less than 15 k. Later i switched over to psu and has been given option B i e eps within the ceiling. Shall i exercise my declaration for higher contribution to eps?
நான் தற்போது ரூ 1000. = ஓய்வு ஊதியம் வாங்குகின்றேன் – 2018ல் ஓய்வுபெற்றேன் – ஓய்வுபெறும்போது என்னுடை மாத ஊதியம் ரூ 6500/= (தொகுப்பூதியம் – ஒப்பந்த பணியாளர்- டாஸ்மாக்)எனக்கு எவ்வளவு குறைந்தபட்ச ஓய்வு ஊதியம் அதிகரிக்கும் வாய்ப்பு உள்ளது என்பதை தயவுசெய்து கூறவும் – நன்றி
Sir i on job now my retaied is 2024 so my contribution 1916 5000 some thi may eligible to higher pention
Sir yenga appa government employee.jun month retaird enaku appa job kidaikuma
Sir what about post retired 01/09/2014 retired employees. In the judgement wheather also any points reprsent regrds post retirees pension or not.
ஐயா, நான் 2002ல் V.R.Sல் பணியிலிருந்து விலகினேன்
தற்போது 920 ரூ பென்சன் பெறுகிறேன். எனக்கு பென்சன் உயருமா என தெரிந்து கொள்ள விரும்புகிறேன். நன்றி
Sir I have taken vrs in June 2014 and getting short pension from 2015…
Whether I am eligible for higher pension??
Thanks sir