Pension Scheme Update: There is big news for the people getting pension. Such information has been given towards EPFO (EPFO News), after which you may get a big shock. A new circular has been issued on pension, after which people’s pension is being cut. Let’s know about it in detail.
There is big news for the pensioners. Such information has been given towards EPFO (EPFO News), after which you may get a big shock.
Due to the new circular on pension of persons who retired before September 2014, people are facing a lot of tension. Please tell that the government can abolish the pension of many employees. Tell that the employees are taking advantage of this benefit for the last 5 years.
Pension payment can be stopped
According to the circular sent to the regional offices of EPFO, all those employees who have retired before September 1, 2014 and those who are getting pension on higher pay will be re-examined. For this reason the payment of pension can be stopped.
Offer was issued
Tell that it is necessary to ensure that no senior citizens are given more pension starting from January 2023. Along with this, the pension of these people will be changed on the basis of salary of 5000 or 6000. A proposal regarding this was issued by EPFO.
Officer expressed concern
Expressing concern over the rights of pensioners, the official has said that thousands of retired people will suffer due to the current decision. He further states that in 2003 in the OTIS Elevators case, the Supreme Court upheld EPS-95. Later the pension of 24,672 people was revised.
EPFO issued circular
According to the EPFO circular, before revising any pension eligibility, it is necessary to inform the pensioners about it. For this it is necessary to send advance notification. Whether or not the option under paragraph 11(3) of the EPS was exercised before retirement before 1st September, 2014.
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