EPS Pension (1995)
Dear PF/EPS subscribers,
Since issuance of EPFO Circular No. Pension-I/12/33/EPS Amendment/96/Vol. II dated 23.03.2017, several retired employees/ PF subscribers have approached BHEL Exempted PF Trusts/ BHEL Units enquiring about contribution to be made towards their EPS account and the consequent revision in EPS Pension. They have also shown their keenness for exercising option to divert/ remit the contribution@ 8.33% of the salary made on higher wages exceeding the statutory wage ceilings in the Provident Fund along with interest as declared under EPF Scheme 1952 from time to time to their EPS account being maintained by respective RPFCs, along with additional contribution @1.16% on the salary exceeding Rs.15000/- per month (in place of Government share of Contribution).
It is to inform that the matter has already been taken up by BHEL with EPFO Head Office, New Delhi and their response is awaited. The modalities shall be shared once a response from EPFO is received.
A copy of the letter sent to EPFO Office is attached for information (Click here)
Interim Clarification from EPFO Office, dated 31-May-2017, is attached for information (Click here)