Frequently Asked questions (FAQs) about EPS 1995 April 15, 2017
Question Answer
1) Who has approved? Ministry of Labour & Employment (MOL&E) GOI has its
letter dated 16th of March 2017 has conveyed its approval for
allowing members of EPS1995 to get benefit of pension on
higher salary.
2) Who has conveyed Dr.S K Thakur Addl.Cental PF Commissioner HQ (Pension)
approval to RPFC vide letter no. Pension-I/12/33/EPS-
Dehradun? amendment/96/vol.II/34007 dated 23rd March 2017 has written
to all Incharge of field offices including RPFC Dehradun (UK)
directing to take necessary action accordingly in accordance
with order of SC in SLP Nos.33032-33033 of 2015 as
approved by the Government and as per the provisions of
EPF& MP Act 1952 and scheme framed under
3) Who all are covered All Ongcians who are members of EPS scheme are covered for
in EPS 1995 scheme? getting benefit of pension on higher salary
Check your pay slip if you see deduction of ERC EPS 1995
that means you are member
4) Who will calculate Primarily it is job RPFC Dehradun (UK) Office to work out
arrears arrears and revise Pension payment Order (PPO) for getting
enhanced monthly pension.
RPFC Dehradun will take action only on receipt of internal
letter from Chief Commissioner office Delhi
If required he may take help or assistance from ONGC
Dehradun office
5) Does RPFC Yes. Both ONGC as well as RPFC Dehradun have required
Dehradun or ONGC data for working out arrears
have employee data?
6) What is be done We must approach RPFC Dehradun and request him to issue
now? letter to ONGC asking the employee information/data required
for working out arrears
7) Will ONGC take Yes. ONGC Management can write to Chief Commissioner
initiative? EPFO Delhi for speedy implementation.
In turn Chief Commissioner should instruct RPFC Dehradun to
implement in fixed time frame.
8) Am I to deposit Yes. Arrears of contributions
arrears? Adjustment is possible. Both amount arrears receivable &
payable will be worked out and net amount after recovery of
arrears will be paid.
Doing adjustment is a policy matter & will be decided by
EPFO
9) Am I deposit Yes.
interest? If so at Rate of interest will be decided by EPFO
what rate?
10) How Much time will There is no time line fixed for implementation.
it take? New software is being developed for calculating arrears and
this may time few months time.
ONGC has to follow up the matter with Central PF
Commissioner Delhi
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Frequently Asked questions (FAQs) about EPS 1995 April 15, 2017
11) What is the role of Limited role-for calculation of arrears only
ONGC? In the interest of retired Ongcians, on the specific request of
EPFO ONGC may extend helping hand to EFPO/RPFC
Dehradun in computing arrears.
12) Any Financial NIL.
Implication or
liability to ONGC? ERC deduction of 8.33% was made on restricted/maximum of
6500 instead of actual basic pay and VDA.
Now EPS deductions has to be recalculated considering actual
Basic pay + VDA of respective period.
Difference amount to be deposited by retired Ongcians
13) To whom to RPFC Dehradun
approach? ONGC was deducting ERC amount from salary and remitting
to RPFC Dehradun. Hence Our EPS account is maintained at
Dehradun office.
14) Any specific form to Option form for Ongcians will be issued either by ONGC or
be filled? RPFC Dehradun.
We have to wait.
15) Will I get statement Yes
of arrears? It will be issued
16) Who will revise my By RPFC Dehradun.
PPO Pension payment order (PPO) will be revised to enable to get
enhanced monthly pension amount and same will be sent to
same PF office from where you are getting pension.
17) What is immediate We have approach ONGC CMD and request him take up the
action? matter with implementing authority-Chief Commissioner
EPFO Delhi for implementation on priority basis for retired
Ongcians.
18) Under what Section 10,11 and 12 of EPS 1995 to be referred for
provision of EPS determination of pensionable service, pensionable salary and
1995? for calculating monthly pension amount
19) Any None.
difficulties/obstacles? GOI- MOL&E has approved for enhanced pension
Employee data is readily available.
No Financial implication to ONGC
All factors are in favour of retired Ongcians hence there should
not be any difficulty in implementation.
20) Can I work out my Yes
arrears? Using formula under section 12 of EPS 1995. Accuracy
depends up on data available and it would be an approximation
Final calculations will be done by RPFC Dehradun.
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Frequently Asked questions (FAQs) about EPS 1995 April 15, 2017
21) What is Role of REWA can be useful link between retired Ongcians and
REWA? ONGC Management and PFC office at Dehradun and Delhi.
They can follow up the matter for speedy implementation.
22) I do not have my Not to worry.
records what do I ONGC & RPFC Dehradun have your past records.
do? In case you have misplaced PPO, may approach your PF office
for necessary action
23) What is address of Dr V P Joy IAS
EPFO Delhi and Central PF Commissioner
Dehradun? EPFO Head Office
Bhavishya Nidhi Bhavan
14, Bhikaji Cama Place
New Delhi-110066
Contact no 26172671
Mail id cpfc@epfindia.gov.in
Dr.A.K.Singh RPFC-1
Regional Provident Fund Commissioner
Bhavishyanidhi Bhawan, Vyomprash Kanwali,
GMS Road Dehradun -248001 (UK).
0135-2620101
Mail id ro.dehradun@epfindia.gov.in
24) What will happen to ONGC-EPS section may work out and settle the matter in consultation
separated Ongcians- with RPFC Dehradun.
resigned, VRS, death
cases etc?
25) Can settlement Yes it is possible if ONGC CMD writes to Central PF commissioner
process be fast and impress upon for early settlement of retired Ongcians.
tracked? Being Maharatna company ONGC words may carry weight and Chief
PF Commissioner may request to RPFC Dehradun for earliest
settlement.
26) What is current Status of letter dated 23rd March 2017 sent to RPFC Dehradun is not
status? known.
Last week few retired Ongcians met RPFC Dehradun for follow up
There is no much progress in the matter
Request to share with your retired ongc friends and spread this message
Sudhir (Sudhindra) Nanjangud
Ex-Chief Manager (F&A) ONGC Mumbai
9969221177
nanjangud54@gmail.com
.
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