EPFO: Employees’ Provident Fund Organization (EPFO) has stopped the Higher Pension of 650 pensioners in the city. Now the retired employees will be given pension on the basis of their actual salary.
This decision to discontinue higher pension has been taken after amending the Supreme Court’s decision. With the closure of Higher Pension , now pensioners will get old pension only.
EPFO decides to give higher pension to pensioners
The Employees’ Provident Fund Organization (EPFO) had decided to give higher pension to pensioners after a decision of the Supreme Court in the year 2017 . In this, the benefit of higher pension was started to all such employees under Para 26 (2) of EPF Scheme 1957, Para 11 (3) of EPS 1995. Those who contributed provident fund on actual salary.
650 pensioners got increased pension
EPFO, including all the employees, had also given the benefit to those employees whose EPF amount was not deposited according to the salary. Such employees had also deposited more amount for higher pension. After this, for the last years, about 650 pensioners in the city were getting increased pension in the form of higher pension. According to different categories, this increased pension is being told from Rs 2 thousand to Rs 15 thousand.
Pension from 1200 to 2200 rupees
The employees earlier had a minimum pension of 1200 to 2500 rupees. It was increased after getting higher pension. The pension available up to Rs 2200 was increased to Rs 5500. Similarly, the pension of other employees had increased significantly. Now the employees have come on the old pension due to the closure of higher pension.
Pension given more than the difference amount
In the Higher Pension, the Employees Provident Fund Organization had deposited the amount of their pay difference from many employees. The employees are telling that this amount was Rs 2 lakh. In such a situation, now that the higher pension has stopped, many employees have given more pension than this amount deposited.
