Employees’ Pension Scheme 1995-Amendments
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 16th June, 2016.
G.S.R. 603(E).—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), 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 (Fourth Amendment) Scheme, 2016.
(2) It shall come into force with effect from the 1st day of April, 2015.
2. In the Employees’ Pension Scheme, 1995 (hereinafter referred to as the principal scheme), in paragraph 12,-
(a) in sub-paragraph (7A),-
(i) the words and figures “for the financial year 2014-15” occurring at the end shall be omitted;
(ii) the following proviso shall be inserted, namely:-
“Provided that, on and from the 1st day of September, 2014, the minimum pension of one thousand rupees payable under this sub-paragraph shall be subject to-
(i) deductions on account of benefits of commutation and return of capital taken by members under the extant provisions of this scheme prior to 26th September, 2008; and
(ii) deductions on account of early pension under sub-paragraph (7).”.
3. In the principal scheme, in paragraph 16,-
(A) in sub-paragraph (2), in clause (a), in sub-clause (v), the words and figures “for the financial year 2014-15” shall be omitted;
(B) in sub-paragraph (3), in the proviso to clause (b), the words and figures “for the financial year 2014-15” shall be omitted;
(C) in sub-paragraph (4), in the proviso to clause (a), the words and figures “for the financial year 2014-15” shall be omitted.
[No. R-15025/3/2007-SS-II (Vol-II)(Pt.II)]
MANISH 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 No. G.S.R. 533(E) dated the 19th May, 2016.
Empanelment to act as ICAI exam observers for January 2027 CA Examination. Last date to apply is 20.11.2026 Empanelment of…
No arrest under GST- Major decision taken in 57th Meeting of the GST Council on 8th October 2026 PRESS RELEASE…
A subsequent Apex Court ruling on the substantive issue cannot retrospectively make an act done in compliance of a binding…
Interest payment on mobilisation advance to NHAI not liable for deduction of tax at source u/s 194A - ITAT Interest…
Typographical error in turnover declared in ITR was not as a mistake apparent from the record u/s 154 when AO…
Ground taken by assessee that he was not aware of the order cannot be brushed aside so lightly in absence…
View Comments
SIR, IS EPFO PENSION A FAMILY PENSION.?