Pensionable salary for existing members based on higher salary

By | July 4, 2016
(Last Updated On: July 4, 2016)

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 1 st July, 2016

G.S.R. 657(E).— In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995, namely :-

1. (1) This Scheme may be called the Employees’ Pension (Fifth Amendment) Scheme, 2016.

(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the Employees’ Pension Scheme, 1995, in paragraph 11, in sub-paragraph (4), after the words “on salary exceeding fifteen thousand rupees per month” occurring at the end, the words “and the pensionable salary for the existing members who prefer such fresh option shall be based on the higher salary”, shall be inserted.

[F. No. R-15011/4/2016-SS-II]

Manish Kumar Gupta, Jt. Secy.

Note:The Employees’ Pension Scheme, 1995 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification number G.S.R. 748(E), dated 16th November, 1995 and was lastly amended vide notification number G.S.R. 603(E), dated 16th June, 2016.

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