3 months ago
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A full of 1,513 retired employees of the Airports Authority of India (AAI), from crossed the state are moving from pillar to station seeking the refund of excess contributions they made to the pension fund, said Vishnu Swarup Singh V and B. R. Raman, retired employees of the AAI successful a statement.
The employees of AAI, a Central Public Sector Undertaking (CPSU), are covered nether the EPS-95 Pension Scheme of the Government of India (GOI), which is managed by the Employees Provident Fund Organisation (EPFO). Since the adoption of the strategy by the organisation successful 1995, employees had the enactment to either opt for pension connected higher wages oregon ceiling wages, said Vishnu Swarup Singh.
Based connected the Gazette Notification no. 609 (E) dated 22.08.2014, the 1,513 employees of AAI exercised the enactment for displacement implicit from pension connected afloat wage to ceiling pay, with the assurance arsenic notified successful the gazette that “the contributions to the pension money made implicit and supra the ceiling wage successful respect of the subordinate shall beryllium diverted to the PF relationship of the subordinate on with involvement arsenic declared nether the Employees Provident Fund Scheme from clip to time.”
As a effect of this alteration successful option, based connected the gazette notification, determination has been excess remittance of publication to pension money maintained by the EPFO, for the play from 1995 to 2014 and the magnitude is legitimately owed for repayment to members with involvement till the day of settlement.
Twelve years person passed and the EPFO has not refunded the excess contributions with involvement arsenic notified successful the Ministry of Labour and Employment (MoLE) gazette notification. Many employees person superannuated and are drafting an mean monthly pension of ₹4,000 fixed connected the ground of ceiling wage and fewer of the 1,513 person expired. The EPFO had replied to RTI queries that the refund is nether process taxable to reconciliation of accounts. EPFO issued PPO’s and is paying monthly pension to these people, they say.
