Determination of eligible service in Employees Pension Scheme: Amendments to the Employees pension Scheme 1995– Issue of Gazette Notification No.G.S.R.226(E)
EMPLOYEES PROVIDENT FUND ORGANISATION
(Ministry of Labour & Employment, Govt. of India)
Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi – 110 006.
No: Pension/Actuarial/18(2)2008/
Date: 12-Jun-15
Web circulation
To,
All Additional Central Commissioners (Zones)
All Regional Commissioners – I ( In – charge of Regions)
All Regional Commissioner – II (In – charge of SROs)
Subject: Amendments to the Employees pension Scheme 1995 – Issue of Gazette Notification No.G.S.R.226(E) dated 26.03.2015 and G.S.R.227 (E) dated 26.03.2015
Sir,
Please find enclosed the following two Gazette Notifications published in the Gazette of India Extraordinary, Part II, Section 3, sub – section (i) amending provisions of the Employees pension Scheme 1995.
(i) Notification No.G.S.R. 226 (E) dated 26.03.2015 amending paragraph 9 and the explanation therein by substituting the words “actual service” with the words “contributory Service”. This notification comes into force on the date of its notification.
(ii) Notification No.G.S.R. 227 (E) dated 26.03.2015, which extends “Table C. This notification comes into force from the 1st day of September, 2014.
2. Necessary changes in the application software to incorporate the above amendments are being taken with the IS Division. In the meantime, offices may undertake a manual check for the eligible service conditions.
3. This is for information and necessary action.
Yours faithfully,
Sd/-
(Chandramauli chakraborty)
Additional Central Commissioner – II (Pension)
Para 9 of EPS 1955
9. Determination of eligible service.
The eligible service shall be determined as follows: (a) In the case of “new entrant” the “actual service” shall be treated as eligible service. The total actual service shall be rounded off to the nearest year. The fraction of service for six months or more shall be treated as one year and the service less than six months shall be ignored.
Explanation.
In the case of employees employed seasonally in any establishment the period of “actual service” in any year, notwithstanding that such service is less than a year shall be treated as a full year.
(b) In the case of the “existing member” the aggregate of actual service and the ‘past service’ shall be treated as eligible service.
Provided that if there is any period in the “past service” for which the contributions towards the Family Pension Scheme, 1971 has not been received, the said period shall count as eligible service only if the contributions thereof have been received in the Employees’ Pension Fund.
Explanation:
For the purpose of this sub-paragraph the total past service for less than six months shall be ignored and the total past service for six months and above shall be rounded to a year.
***
Definitions:-
(ii) “actual service” means the aggregate of periods of service
rendered from the 16th November, 1995 or from the date of
joining any establishment whichever is later to the date of exit
from the employment of the establishment covered under the
Act;
(iv) “contributory service” means the period of ‘actual service’
rendered by a member for which the contributions to the fund
have been 1[received or are receivable]
(x) “Non-Contributory Service” is the period of “actual service” rendered by a member for which no contribution to the “Employees’ Pension Fund” has been 5[received or are receivable]
Source: http://www.epfindia.com/Circulars/Y2015-16/Pension_Amendment_EPS_12062015.pdf
Stay connected with us via Facebook, Google+ or Email Subscription.
Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] | Google+ [click here]
Admin
COMMENTS