My father retired from HCL and getting the pension from EPS of Rs 2200 after serving 40 years, can we apply for the revision of pension under EPS on actual wages exceeding the wages limit when the employer deposited the 12 % of actual wages (above the statutory wages ceiling).
From India, Bareli
12From India, Bareli
Although the EPS'95 has provision for enhancing pension on the basis of actual salary EPFO has agreed to implement only for non-exempted organisations. Int is not clear whether HCL comes in exempted trust (i.e. PF is managed by PF Trust of HCL) or not. The matter regarding extension of revised pension benefit on the basis of actual salary in case of exempted trusts is already before the High Courts and Supreme Court, please await their decision.
From India, Mumbai
From India, Mumbai
I was retired in June, 2016 from a Co-operative Stores. My employer paid their contribution of 12% for full salary exceeding the wage limit. Now I am getting pension of Rs.2475/- Whether I am eligible for full pension.
From India, Chennai
From India, Chennai
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