Dear Friends, RTI Reply of MoL&E vide Letter F.No. S-65016/2/2018-SS-II(Pt.) dated 22.05.2019 against RTI Online Request MLABE/R/2019/50668 dated 01.05.2019 regarding Genesis of the Factor (Divisor) 70 in EPS 1995 Formula along with RTI Application is forwarded in ATTACHMENT.
As per CCS (Pension) Rules 1972, 33 years is required to get 50% pension in 1995 when the EPS'95 came into effect from 16.11.1995. Now as per Amended CCS (Pension) Rules 1972, 20 years is required to get 50% pension w.e.f. 01.01.2006.
Hence, this Facor (Divisor) 70 needs to be relooked /revisited inline with the referred Amended CCS (Pension) Rules 1972 by the Competent Authority for betterment of members under EPS'95.
From India, Jaipur
4As per CCS (Pension) Rules 1972, 33 years is required to get 50% pension in 1995 when the EPS'95 came into effect from 16.11.1995. Now as per Amended CCS (Pension) Rules 1972, 20 years is required to get 50% pension w.e.f. 01.01.2006.
Hence, this Facor (Divisor) 70 needs to be relooked /revisited inline with the referred Amended CCS (Pension) Rules 1972 by the Competent Authority for betterment of members under EPS'95.
From India, Jaipur
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EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
EPF Pension.xls
Pension.doc