MoLE notifies the Employees' Pension (Amendment) Scheme, 2020

Feb 21, 2020 | by Avantis RegTech Legal Research Team

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Labour Compliance

The Ministry of Labour and Employment (MoLE) on February 20, 2020, notifies the Employees' Pension (Amendment) Scheme, 2020 to further amend the Employees' Pension Scheme, 1995.

The vide amendment inserts Paragraph 12B:

Restoration to normal pension in cases of grant of commutation: The normal pension in respect of those members who availed the benefit of commutation of pension under the erstwhile paragraph 12A of this Scheme, on or before the 25th day of September, 2008, shall be restored after completion of fifteen years from the date of such commutation.

It will come into effect from the date of its publication in the Official Gazette (February 20, 2020).

[Notification No. G.S.R.132 (E)]


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