Employees' Pension (Amendment) Scheme,
2020
MINISTRY
OF LABOUR AND EMPLOYMENT vide
notification / Gazette id No. CG-DL-E-20022020-216288 issued and published dated 20TH February 2020, has published Employees' Pension (Amendment) Scheme,
2020 in exercise of the 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) to amend the Employees' Pension Scheme, 1995.
Ø
Applicability:
These
rules shall come into force on the date of their publication in the Official
Gazette.
Ø
Crux:
In the Employees' Pension Scheme, 1995, after paragraph 12,
the following paragraph shall be inserted, namely:–
“12B. Restoration to normal pension in cases of grant of commutation. –
The normal pension in respect of those members who availed the benefit of
commutation of pension under the erstwhile paragraph 12A of this Scheme, on or
before the 25th day of September, 2008, shall be restored after completion of
fifteen years from the date of such commutation.”.
Disclaimer:
IN NO EVENT THE AUTHOR SHALL BE
LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR
ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION.
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