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Explainer: Are you eligible to opt for a higher pension from EPS?

What happened in the 2014 amendment? What did the Supreme Court say in its judgement? And above all, are you eligible for the scheme? This explainer tries to answer all these queries

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Bindisha SarangSanjay Kumar Singh
What were the key changes brought about in the amendment to EPS-1995 scheme in 2014?

The Union government had amended the Employee’s Pension Scheme (EPS) 1995. These amendments came into effect from September 1, 2014.

“The pensionable salary cap was increased from Rs. 6,500 to Rs. 15,000 per month as a result of the EPS amendment,” says Aditya Chopra, managing partner, Victoriam Legalis - Advocates & Solicitors.

The amendment also gave members of EPS the opportunity to opt for a higher pension on the basis of their actual salary rather than the capped basic salary.

Sandeep Bajaj, managing partner,

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First Published: Feb 23 2023 | 1:00 PM IST

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