The Union Labour Ministry has issued clarifications regarding minimum pension eligibility for members under various circumstances, as well as the conditions under which a pensioner becomes entitled to a pension under EPS 95.
Minister of State for Labour and Employment, Shobha Karandlaje, clarified the eligibility criteria for EPS 95 pensions in the Lok Sabha.
Members of Parliament Daroga Prasad Saroj and Sanjay Haribhau Jadhav raised pertinent questions to the Ministry of Labour and Employment regarding the Employees’ Pension Scheme (EPS) 1995.
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They sought clarification on the policy and criteria for awarding pensions under the scheme and whether any decisions had been made to revise these provisions. Additionally, they questioned whether the government had conducted any investigations or reviews of EPS 95 pensioner cases, requesting details of such reviews and the total number of cases examined.
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The MPs also inquired about the timeline for issuing revised pensions to EPS 95 pensioners and the expected number of beneficiaries across all states, with a specific focus on Maharashtra and Uttar Pradesh.
Further, they sought information on the additional benefits, particularly health services, that may be extended to beneficiaries under the revised EPS 95 scheme. Their questions reflect growing concerns about the adequacy and timeliness of pension benefits for members under the scheme.
EPS member must complete 10 years of eligible service for pension: Govt
To qualify for superannuation benefits under the Employees’ Pension Scheme (EPS) 1995, a member must complete a minimum of 10 years of eligible service and attain 58 years of age.
Members opting for early pension can do so after turning 50, subject to a reduction of 4% per year for every year short of 58. However, in cases of disablement or death, no such age or service criteria apply—members or nominees are entitled to pensions with just one month of contributions.
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