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Union of India - Section

Section 44 in The Employees' Pension Scheme, 1995

44. Repeal and savings.

(1)On commencement of this Scheme, the Employees' Family Pension Scheme, 1971, in force immediately before such commencement, shall cease to operate with effect from the 16th November, 1995.
(2)Notwithstanding anything contained in sub-paragraph (1) every nomination made under the Employees' Family Pension Scheme, 1971, and every form regarding the details of family of an employee for the purposes of the Employees' Family Pension Scheme, 1971, shall be deemed to have been made under the provisions of this Scheme.
(3)All orders/authorisations/Pension Payment Orders issued under the Family Pension Scheme, 1971 shall be deemed to have been made under this Scheme.TABLE-A(See paragraph 14)WITHDRAWAL BENEFIT
No. of full years contribution paid Proportion of pay payable at cessation of membership No. of Full years contribution paid Proportion of pay payable at cessation of membership
(1) (2) (1) (2)
1 0.20 21 5.21
2 0.41 22 5.52
3 0.62 23 5.83
4 0.84 24 6.14
5 1.06 25 6.46
6 1.29 26 6.79
7 1.51 27 7.12
8 1.75 28 7.46
9 1.98 29 7.81
10 2.23 30 8.16
11 2.47 31 8.52
12 2.72 32 8.89
13 2.98 33 9.26
14 3.24 34 9.64
15 3.51 35 10.03
16 3.78 36 10.43
17 4.05 37 10.83
18 4.34 38 11.24
19 4.62 39 11.66
20 4.92 40 12.08
[TABLE-B [ Substituted by G.S.R. 438(E), dated 9.6.2008 (w.e.f. 10.6.2008).](See paragraphs 12 and 14)FACTOR FOR COMPUTATION OF PAST SERVICE BENEFIT UNDER THE CEASED FAMILY PENSION SCHEME FOR EXISTING MEMBERS ON EXIT FORM THE EMPOLYMENT.
(1) (2) (1) (2)
YEARS FACTOR YEARS FACTOR
Less than 1 1.039 Less than 18 3.845
Less than 2 1.122 Less than 19 4.152
Less than 3 1.212 Less than 20 4.485
Less than 4 1.309 Less than 21 4.843
Less than 5 1.413 Less than 22 5.231
Less than 6 1.526 Less than 23 5.649
Less than 7 1.649 Less than 24 6.101
Less than 8 1.781 Less than 25 6.589
Less than 9 1.923 Less than 26 7.117
Less than 10 2.077 Less than 27 7.686
Less than 11 2.243 Less than 28 8.301
Less than 12 2.423 Less than 29 8.965
Less than 13 2.616 Less than 30 9.682
Less than 14 2.826 Less than 31 10.457
Less than 15 3.052 Less than 32 11.294
Less than 16 3.296 Less than 33 12.197
Less than 17 3.560 Less than 34 13.173]
TABLE-C(See paragraph 16)EQUIVALENT WIDOW PENSION
Salary at day of death not more than Equivalent widow pension Salary at day of death not more than Equivalent widow pension Salary at day of death not more than Equivalent widowpension Salary at day of death not more than Equivalent widowpension Salary at day of deathnot more than Equivalent widow pension
(1) (2) (1) (2) (1) (2) (1) (2) (1) (2)
(Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees)
Upto 300 250 2850 1221 [6550 [ Inserted by Notification No. G.S.R. 227(E), dated 26.3.2015 (w.e.f. 1.9.2014).] 2056 9700 2371 12850 2686
350 327 2900 1241 6600 2061 9750 2376 12900 2691
400 343 2950 1261 6650 2066 9800 2381 12950 2696
450 359 3000 1281 6700 2071 9850 2386 13000 2701
500 375 3050 1301 6750 2076 9900 2391 13050 2706
550 391 3100 1321 6800 2081 9950 2396 13100 2711
600 408 3150 1341 6850 2086 10000 2401 13150 2716
650 425 3200 1361 6900 2091 10050 2406 13200 2721
700 442 3250 1381 6950 2096 10100 2411 13250 2726
750 459 3300 1401 7000 2101 10150 2416 13300 2731
800 476 3350 1421 7050 2106 10200 2421 13350 2736
850 493 3400 1441 7100 2111 10250 2426 13400 2741
900 510 3450 1461 7150 2116 10300 2431 13450 2746
950 527 3500 1481 7200 2121 10350 2436 13500 2751
1000 544 [3550 [ Inserted by G.S.R. 747(E), dated 27.9.2001 (w.e.f. 28.9.2001).] 1501 7250 2126 10400 2441 13550 2756
1050 561 3600 1521 7300 2131 10450 2446 13600 2761
1100 578 3650 1541 7350 2136 10500 2451 13650 2766
1150 595 3700 1561 7400 2141 10550 2456 13700 2771
1200 612 3750 1581 7450 2146 10600 2461 13750 2776
1250 629 3800 1601 7500 2151 10650 2466 13800 2781
1300 646 3850 1621 7550 2156 10700 2471 13850 2786
1350 664 3900 1641 7600 2161 10750 2476 13900 2791
1400 682 3950 1661 7650 2166 10800 2481 13950 2796
1450 700 4000 1681 7700 2171 10850 2486 14000 2801
1500 718 4050 1701 7750 2176 10900 2491 14050 2806
1550 736 4100 1701 7800 2181 10950 2496 14100 2811
1600 754 4100 1721 7850 2186 11000 2501 14150 2816
1650 772 4150 1741 7900 2191 11050 2506 14200 2821
1700 797 4200 1751 7950 2196 11100 2511 14250 2826
1750 808 4250 1761 8000 2201 11150 2516 14300 2831
1800 826 4300 1771 8050 2206 11200 2521 14350 2836
1850 844 4350 1781 8100 2211 11250 2526 14400 2841
1900 862 4400 1791 8150 2216 11300 2531 14450 2846
1950 880 4450 1801 8200 2221 11350 2536 14500 2851
2000 898 4500 1811 8250 2226 11400 2541 14550 2856
2050 916 4550 1821 8300 2231 11450 2546 14600 2861
2100 935 4600 1831 8350 2236 11500 2551 14650 2866
2150 954 4650 1841 8400 2241 11550 2556 14700 2871
2200 973 4700 1851 8450 2246 11600 2561 14750 2876
2250 992 4750 1861 8500 2251 11650 2566 14800 2881
2300 1011 4800 1871 8550 2256 11700 2571 14850 2886
2350 1030 4850 1881 8600 2261 11750 2576 14900 2891
2400 1049 4900 1891 8650 2266 11800 2581 14950 2896
2450 1068 4950 1896 8700 2271 11850 2586 15000 or more 2901]
2500 1087 5000 1901 8750 2276 11900 2591    
2550 1106 5050 1906 8800 2281 11950 2596    
2600 1125 5100 1911 8850 2286 12000 2601    
2650 1144 5150 1916 8900 2291 12050 2606    
2700 1163 5200 1921 8950 2296 12100 2611    
2750 1182 5250 1926 9000 2301 12150 2616    
2800 1201 5300 1931 9050 2306 12200 2621    
5350 1936 5950 1996 9100 2311 12250 2626    
5400 1941 6000 2001 9150 2316 12300 2631    
5450 1946 6050 2006 9200 2321 12350 2636    
5500 1951 6100 2011 9250 2326 12400 2641    
5550 1956 6150 2016 9300 2331 12450 2646    
5600 1961 6200 2021 9350 2336 12500 2651    
5650 1966 6250 2026 9400 2341 12550 2656    
5700 1971 6300 2031 9450 2346 12600 2661    
5750 1976 6350 2036 9500 2351 12650 2666    
5800 1981 6400 2041 9550 2356 12700 2671    
5850 1986 6450 2046 9600 2361 12750 2676    
5900 1991 6500 2051] 9650 2366 12800 2681    
[***] [ Note omitted by G.S.R. 747(E), dated 27.9.2001 (w.e.f. 28.9.2001).][TABLE-D [ Substituted by G.S.R. 438(E), dated 9.6.2008 (w.e.f. 10.6.2008).](See paragraph 14)RETURN OF CONTRIBUTION ON EXIT FROM THE EMPLOYMENT
Years of service Proportion of wages at exit Years of service Proportion of wages at exit
1 1.02 6 6.07
2 1.99 7 7.13
3 2.98 8 8.22
4 3.99 9 9.33
5 5.02    
Note: The above table is based on aflat addition in benefit.][TABLE-E [ Substituted by G.S.R. 514(E), dated 10.7.2009 (w.e.f. 10.7.2009).](See paragraph 39-B)TRANSFER VALUE OF CONTRIBUTION FROM EMPLOYEES PENSION SCHEME, 1995TO EXEMPTED OR OTHER PENSION FUND AND VICE VERSA
No. of full year's contribution paid Proportion of pay on last contribution month No. of full year's contribution paid Proportion of pay on last contributionmonth
1. 0.987 13. 14.841
2. 1.998 14. 16.182
3. 3.033 15. 17.554
4. 4.093 16. 18.960
5. 5.178 17. 20.399
6. 6.289 18. 21.872
7. 7.426 19. 23.380
8. 8.590 20. 24.924
9. 9.782 21. 26.505
10. 11.003 22. 28.123
11. 12.252 23. 29.780
12. 13.531 24. 31.477]
[FORM 1] [ Inserted by G.S.R. 747(E), dated 27.9.2001 (w.e.f. 28.9.2001).](See paragraph 39-A)Monthly return to be submitted by the exempted establishments/class of establishments/Board of trustees.
1. Details of Establishment:  
  (a)Name of the establishment with full address:  
  (b)Code No.allotted by the Employees Provident Fund Organisation:  
2. Details of employees(include all branches/units,etc.):  
  (a)No. of employees as at the end of previous month: {|
         
|-||
(b)No.of employees who joined during the month.
|
         
|-||
(c)No. of employees who left service during the month:
|
         
|-|| (d)No. of employees as at the ende of the mon:||-||
(a)[+(b)-(c)]
|
         
|-|| (e)Out of (d) above, No. of excluded employees:||-|| (f)No. of Pension Fund members as at the end of the month [Please furnish the above mentioned details unit-wise situated at different places.||-||Attach separate sheet, if necessary]:|
         
|-| 3.| Constitution of Board of Trustees:||-||
(a)Date on which the present Board was constituted:
| DD MM YYYY
               
|-||
(b)Its term:
|
 
Years|-|| (c)Total number of Trustees:||-||
(i)Employee's Representatives:
|
 
|-||
(ii)Employers Representatives:
|
 
|-| 4.| Wages, contributions, etc.:||-||
(a)Amount of gross wages liable to Pension Contribution:
|
                 
|-||
(b)Rate of contribution to Pension Fund:
|
 
|-||
(c)Amount of Pension contribution to be transferred for the current month:
| Rs.
           
|-||
(d)Amount of arrears due, if any, for transfer to the Board of Trustees at the end at the previous month:
| Rs.
           
|-||
(e)Total of (c) and (d):
| Rs.
           
|-||
(f)Amount actually transferred to the Board of Trustees:
| Rs.
           
|-||
(g)Balance due, if any, for transfer to the Board of Trustees [(e)-(f)]:
| Rs.
           
|-||
(h)Whether the interest payable under section 7-Q of the Act for the belated transfer of Funds, if any, has been paid?
|
 
Yes
 
No|-||
(i)Amount of interest still payable at the end of the month:
|
           
|-| 5.| Details of pensioners:||-||
(a)No. of pensioners at the end of the month:
|
       
|-|| (i)Member (Self) Pensioners:||-||-Superannuation Pension:|
       
|-||-Early Pension:|
       
|-||-Disablement Pension:|
       
|-|| (ii)Spouse Pensioners:||-||-Death in service:|
       
|-||-Death away from service:|
       
|-||-Death as pensioner:|
       
|-|| (iii)Children Pensioner:||-||-Normal Children:|
       
|-||-Disabled Children:|
       
|-|| (Life-long pension)||-||
(iv)Orphan Pensioner:
|
       
|-||
(v)Nominee Pensioner:
|
       
|-||
(vi)Dependent Parents Pensioner:
|
       
|-||
(b)Total amount of pension paid during the month:
| Rs.
         
|-| 6.| Details of Exit Cases:||-||
(a)No. of persons who have taken withdrawal benefit during the month:
| Rs.
       
|-||
(b)Amount paid during the month:
|
         
|-||No. of exit cases where Scheme certificate has been issued:|
       
|-| 7.| Details of investment:||-||
(a)Amount lying invested in the Pension Fund in the beginning of the month:
| Rs.
           
|-|| (b)Amount received during the month-||-||
(i)By way of contribution from the employer:
||-||-Current month:| Rs.
           
|-||-Arrears, if any:| Rs.
           
|-||
(ii)Encashment of matured securities/deposits
| Rs.
           
|-||
(iii)Interest/dividend on investments:
| Rs.
           
|-||
(iv)Other transfer-in-cases:
| Rs.
           
|-||
(v)Damages, if any:
| Rs.
           
|-||
(vi)Interest on belated payments, if any:
| Rs.
           
|-||
(vii)Miscellaneous, if any
(please specify):| Rs.
           
|-||
(c)Payments made during the month
| Rs.
           
|-|| (d)Amount invested during the month:||-|| Securities||-||-Central Government| Rs.
           
|-||-State Government:| Rs.
           
|-||-Others, if any:| Rs.
           
|-|| Deposits||-||-Public Financial Institutions/Banks:| Rs.
           
|-||
(e)Whether pattern of investment followed?
| Yes
 
|-||
(f)If so, classify the percentage:
| No
 
|-|| (i)Securities||-||-Central Government:|
   
|-||-State Government|
   
|-||-Others|
   
|-|| (ii)Deposits||-||-Public Financial Institutions/Banks:|
   
|-||
(iii)Annuity purchased from Life Insurance Corporation:
| Rs.
           
|-||
(g)Amount lying un-invested in Cash/Bank:
| Rs.
           
|-| 8.| Mode of Disbursement:||-||[]Tick one|
 
|-||-Through Bank:|
 
|-||-Though Post Offices:|
 
|-||-Through LIC by purchase of Annuity:|
 
|-||-Other, if any (Please specify):|
 
|-| 9.| Rules of Establishment's Pension Fund:||-|| Details of amendment, if any, carried out during the month to make the rules at par with the Statutory Pension Scheme (Employees Pension Scheme, 1995):| ......................................................................................................................................|-| Date...............................| ....................................................|-|| Signature with Official Seal of the Employer/Trustees of the Board]|}FORM 2THE EMPLOYEES' PROVIDENT FUNDS SCHEME, 1952[See paragraphs 33 and 61(1)]THE EMPLOYEES' PENSION SCHEME, 1995(Paragraph 18)Declaration and nomination form under the Employees' Provident Funds Scheme and Employees' Pension Scheme