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EMPLOYEES' PENSION (AMENDMENT) SCHEME, 2020

  • Posted By SuperCA
  • On 12 March

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), 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 (Amendment) Scheme, 2020.

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

2. 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.”.

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