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EPS95 Update102008
EPS95 Update102008
PENSION SCHEME,
1995
(Updated as on 01.10.2008)
2.
Definitions
3.
4.
Payment of contribution
5.
6.
6A
Retention of membership
7.
8.
Resolution of doubts
9.
10.
11.
12.
12A. ***
13.
***
14.
15.
16.
19.
20.
Duties of employers
21.
22.
Duties of contractors
23.
24.
25.
26.
27.
28.
Administration Account
29.
Forms of Accounts
30.
Audit
31.
32.
33.
34.
35.
36.
Regional Committee
37.
Annual Report
38.
39.
41.
Interpretation
42.
43.
8[(xvi)"permanent
Rates of
damages
(Percentage
of arrears per
annum)
(3)
Five
(1)
(a)
(2)
Less than two months
(b)
Ten
(c )
Fifteen
(d)
Twenty Five
A Retention of membership
15[
8. Resolution of doubts.
If any doubt arises whether an employee is entitled to become a
member of the Employees' Pension Fund, the same shall be
referred to the Regional Provident Fund Commissioner who shall
decide the same:
(2) If during the said span of 12 months there are noncontributory periods of service including cases where the
member has drawn salary for a part of the month, the total
wages during the 12 months span shall be divided by the actual
number of days for which salary has been drawn and the
amount so derived shall be multiplied by 30 to work out the
average monthly pay.
(3) The maximum pensionable salary shall be limited to
19[Rupees six thousand and five hundred /Rs.6500/-] per month.
20[Provided
23[12.
(b)
-------------------------------------------------70
(b)
(i)
(ii)
(iii)
(iv)
Years of Past
Service
Salary
upto Salary
more
Rs.2500/- per than Rs.2500/month
per month
(1)
(2)
(3)
Upto 11 years
80
85
More than 11 years
95
105
but upto 15 years
More than 15 years
120
135
but less than 20
years
Beyond 20 years
150
170
(4)
In the case of an existing member and in respect of
whom the date of commencement of pension is between 16th
November, 2000 and 16th November, 2005
(i) the superannuation/early pension shall be equal to the
aggregate of : (a) pension as determined under sub-paragraph (2) for
the period of service rendered from the 16th November,
1995 or Rs. 438/- per month whichever is more ;
(b)
* * *]
* * *]
Family Pension Scheme, 1971 computed as withdrawal-cumretirement benefits as per Table 'A' multiplied by the factor given
in Table 'B'.
15. Benefits on permanent and total disablement during the
service
(1) A member, who is permanently and totally disabled during
the employment shall be entitled to pension as admissible under
sub-paragraph (2) to (5) of paragraph 12 as the case may be
subject to a minimum of Rs. 250/- per month notwithstanding the
fact that he/she has not rendered the pensionable service
entitling him/her to pension under paragraph 12 provided that
she/he has made at least one month's contribution to the
Pension Fund.
(2) The monthly member's pension in such cases shall be
payable from the date following the date of permanent total
disablement and shall be tenable for the life-time of the member.
(3) A member applying for benefits under this paragraph shall be
required to undergo such medical examination as may be
prescribed by the Central Board to determine whether or not he
or she is permanently and totally unfit for the employment which
he or she was doing at the time of such disablement.
16. Benefits to the family on the death of a member
(1) 28[Pension to the family] shall be admissible from the date
following the date of death of the member if the member dies ..
(a) while in service, provided that at least one month's
contribution has been paid into the Employees' Pension Fund, or
(b) after the date of exit but before attaining the age of 58, from
the employment having rendered service entitling him/her to
(2) (a) The monthly widow pension shall be :-(i) in the cases covered by clause (a) of sub-paragraph (1),
equal to the monthly members pension which would have been
admissible as if the member had retired on the date of death or
Rs 450/- or the amount indicated in Table 'C' whichever is more.
(ii) in the cases covered by clause (b) of sub-paragraph (1),
equal to the monthly members pension which would have been
admissible as if the member had retired on the date of exit or
29[Rs. 450/- per month] or the amount indicated in Table 'C'
whichever is more.
(iii) in the cases covered by clause (c ) of sub-paragraph (1),
equal to 50 per cent of the monthly members pension payable to
the member on the date of his death subject to a minimum of
29[Rs. 450/- per month.] 29. Subs. by G.S.R. dated 12th January, 2000
30[(iv) in all the cases, where the amount of family pension
sanctioned under the Ceased Family Pension Scheme, 1971
and is paid/payable under this scheme is less than Rs. 450/- per
month, the amount of family pension in such cases shall be
enhanced to Rs. 450/- per month.]30. Ins. Ibid. (w.e.f. 29.1.2000)
(b) the monthly widow pension shall be payable upto the date of
death of the widow or remarriage whichever is earlier.
Note:- In cases where there are 2 or more widows, family
pension shall be payable to the eldest surviving widow. On her
death it shall be payable to the next surviving widow, if any. The
term "eldest" would mean seniority with reference to the date of
marriage.
(3) Monthly children pension : - (a) If there are any surviving children of the deceased member,
falling within a definition of family, they shall be entitled to a
monthly children pension in addition to the monthly
widow/widower pension.
(b) Monthly children pension for each child shall be equal to 25
per cent of the amount admissible to the widow/widower of the
deceased member as monthly widow pension payable under
sub-paragraph (2) (a) (i) provided that minimum monthly children
pension for each child of the deceased member shall not be less
than 31[Rs. 150/- per month.] 31. Subs. by G.S.R dated 12th January 2000
32[(c
(4) (a) If the deceased member is not survived by any widow but
is survived by children falling within the definition of family or if
the widow pension is not payable, the children shall be entitled
to a monthly orphan pension equal to 75 per cent of the
amount of the monthly widow pension as payable under subparagraph (2) (a) (i) provided that minimum monthly orphan
pension for each orphan shall not be less than 34[Rs. 250/- per
month.] 34. Subs. by G.S.R 41 dated 12th January 2000 (w.e.f.29.1.2000)
(b) In the event of death or remarriage of the widow/widower
after sanctioning of widow/widower pension the children shall be
entitled in lieu of the monthly children pension, to a monthly
orphan pension from the date following the date of
death/remarriage of the widow/widower.
35](c
(5) (a) A member who is not married or who does not have any
living spouse and/or an eligible child may nominate a person to
receive benefits as laid down hereinafter provided that in the
event of his/her acquiring a family subsequently, the nomination
so made shall become void. In the event of death of the member
such a nominee shall be entitled to receive a monthly pension
equal to the monthly widow pension, as admissible under subclauses (I) and (ii) of clause (a) of sub-paragraph (2).
36[ (aa) If a member dies leaving behind no spouse and/or an
eligible child falling within the definition of family and no
nomination by such deceased member exists, the widow
pension shall be paid under sub-clauses (I) and (ii) of clause (a)
of sub-paragraph 2 either to dependent father or dependent
mother as the case may be. On grant of Pension to such
Payment of Pension
(1) For purposes of this Scheme, where the member has already
been allotted or is allotted hereafter an account number under
1-4-2008)
:
:
:
:
:
previous month
(b) No. of employees who joined
during the month
(c) No. of employees who left service
during the month
(d) No. of employees as at the end of
the month
:
:
:
:
:
:
: DD MM YYYY
:
:
:
:
: Rs.
: %
: Rs.
: Rs.
YEARS
: Rs.
: Rs.
: Rs.
: YES
: Rs.
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
: Rs.
NO
Arrears, if any
Encashment of matured
securities/deposits
Interest/dividend on
investments
Other transfer-in-cases
Damages, if any
Interest on belated payments,
if any
Miscellaneous, if any
(Please specify)
(C) Payments made during the month
(d) Amount invested during the month
Securities
--Central Government
--State Governments
--Others, if any
Deposits
: Rs.
:
: Rs.
Rs.
Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
: Rs.
--Public Financial
Institutions Banks
(e) Whether pattern of investment
followed?
(f) If so, classify the percentage
(i) Securities
--Central Government
--State Government
--Others
(ii) Deposits
--Public Financial
: Rs.
: YES
Institutions/Banks
(iii) Annuity purchased from Life
Insurance Corporation
(g)
Amount lying un-invested in
Cash/Bank
MODE OF DISBURSEMENT (Tick one)
--Through Bank
--Through Post Offices
--Through LIC by purchase of
Annuity
: Rs.
: Rs.
NO
: %
: %
: %
: Rs.
:
:
:
Date
Signature with official seal of
(b)
(c)
49. Ins. by G.S.R. 430(E) dated the 19th May, 2003 (w.e.f. 23rd May, 2003)
(1)
1
2
3
4
5
6
7
(2)
0.20
0.41
0.62
0.84
1.06
1.29
1.51
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
1.75
1.98
2.23
2.47
2.72
2.98
3.24
3.51
3.78
4.05
4.34
4.62
4.92
5.21
5.52
5.83
6.14
6.46
6.79
7.12
7.46
7.81
8.16
8.52
8.89
9.26
9.64
35
36
37
38
39
40
10.03
10.43
10.83
11.24
11.66
12.08
51[TABLE B
(See Paragraphs 12 and 14)
FACTOR FOR COMPUTATION OF PAST SERVICE
BENEFIT UNDER THE CEASED FAMILY PENSION
SCHEME FOR EXISTING MEMBERS ON EXIT FROM
THE EMPLOYMENT
YEARS
(1)
Less than 1
Less than 2
Less than 3
Less than 4
Less than 5
Less than 6
Less than 7
Less than 8
Less than 9
Less than 10
Less than 11
Less than 12
Less than 13
Less than 14
Less than 15
Less than 16
Less than 17
Less than 18
Less than 19
FACTOR
(2)
1.039
1.122
1.212
1.309
1.413
1.526
1.649
1.781
1.923
2.077
2.243
2.423
2.616
2.826
3.052
3.296
3.560
3.845
4.152
Less than 20
Less than 21
Less than 22
Less than 23
Less than 24
Less than 25
Less than 26
Less than 27
Less than 28
Less than 29
Less than 30
Less than 31
Less than 32
Less than 33
Less than 34
4.485
4.843
5.231
5.649
6.101
6.589
7.117
7.686
8.301
8.965
9.682
10.457
11.294
12.197
13.173]
TABLE C
(See Paragraph 16)
EQUIVALENT WIDOW PENSION
(2)
(Rupees)
250
327
343
359
375
391
408
425
442
459
476
493
510
527
544
561
578
595
612
629
646
664
682
700
718
736
754
772
1700
1750
1800
1850
1900
1950
2000
2050
2100
2150
2200
2250
2300
2350
2400
2450
2500
2550
2600
2650
2700
2750
2800
2850
2900
2950
3000
3050
3100
3150
3200
3250
3300
3350
3400
3450
3500
52 [3550
3600
797
808
826
844
862
880
898
916
935
954
973
992
1011
1030
1049
1068
1087
1106
1125
1144
1163
1182
1201
1221
1241
1261
1281
1301
1321
1341
1361
1381
1401
1421
1441
1461
1481
1501
1521
3650
3700
3750
3800
3850
3900
3950
4000
4050
4100
4150
4200
4250
4300
4350
4400
4450
4500
4550
4600
4650
4700
4750
4800
4850
4900
4950
5000
5050
5100
5150
5200
5250
5300
5350
5400
5450
5500
5550
1541
1561
1581
1601
1621
1641
1661
1681
1701
1721
1741
1751
1761
1771
1781
1791
1801
1811
1821
1831
1841
1851
1861
1871
1881
1891
1896
1901
1906
1911
1916
1921
1926
1931
1936
1941
1946
1951
1956
5600
5650
5700
5750
5800
5850
5900
5950
6000
6050
6100
6150
6200
6250
6300
6350
6400
6450
6500
1961
1966
1971
1976
1981
1986
1991
1996
2001
2006
2011
2016
2021
2026
2031
2036
2041
2046
2051.]
52 Ins. by G.S.R. 747 (E), dated the 27th September, 2001 (w.e.f. 28th September, 2001).
53[***] 53. Note omitted by G.S.R. 747 (E), dated the 27th September, 2001 (w.e.f. 28th September,
2001).
54[TABLE
1
2
3
4
5
6
7
8
9
1.02
1.99
2.98
3.99
5.02
6.07
7.13
8.22
9.33
55[TABLE
Proportion of pay
payable on last
contribution month
0.978
1.979
3.003
4.051
5.124
6.221
7.345
8.494
9.671]
55. Ins. by G.S.R. 430 (E) dated the 19th May, 2003 (w.e.f. 23rd May, 2003)