EPS higher pension: BJP MP writes to PM Modi over delays, Para 26(6) hurdles for retirees
New Delhi, Sept. 19 -- Bharatiya Janata Party's Rajya Sabha MP Ajeet Madhavrao Gopchade has formally petitioned Prime Minister Narendra Modi to resolve long-standing hurdles surrounding the Employees' Pension Scheme (EPS) higher payout mechanism.
Despite previous government assertions that the Supreme Court's landmark November 4, 2022 verdict was implemented across all sectors, thousands of retirees continue to face extensive procedural delays and legal barriers.
Under standard Employees' Provident Fund (EPF) guidelines, an employer allocates 8.33% of an employee's basic pay plus dearness allowance (DA) toward the EPS pension corpus. Historical caps restricted the calculation salary to Rs.15,000, limiting monthly contributions to Rs.1,2...
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