EPFO re-examine pension cases of employees retired before 1.9.2014

The Employees’ Provident Fund Organisation (“EPFO“)issued circular on January 25, 2023,  to stop over payment of pension to employees retired prior to September 1, 2014 without exercising any option under Para 11(3) of the Employees’ Pension Scheme, 1995, as existed prior to September 1, 2014 (“Pension Scheme“) and have been granted pension on higher wages. Such cases needed to be re-examined to ensure that they are not given higher pension from the month of January 2023 onwards. Pension in such cases may be immediately restored to pension on wages up to the ceiling of INR 5,000/- (Indian Rupees Five Thousand) or INR 6,500/- (Indian Rupees Six Thousand Five Hundred). For more details, please click on the following link

https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2022-2023/Pension2022-55893-15785.pdf

Also read: Insurance company can be directed to pay compensation even if employee covered under EC Act: Gauhati HC

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