Employees’ Pension (Second Amendment) Scheme, 2024

Employees’ Pension (Second Amendment) Scheme, 2024 – Return of contribution on exit from the employment: Notification dated 14.06.2024

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 14th June, 2024

G.S.R. 326(E).—In exercise of the powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995, namely:-

1. (1) This Scheme may be called the Employees’ Pension (Second Amendment) Scheme, 2024.
(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the Employees’ Pension Scheme, 1995, for Table-D, the following Table shall be substituted, namely:-

“TABLE D
(See Paragraph 14)

Return of contribution on exit from the employment

Months of Service	Proportion of wages at exit
1	0.08
2	0.17
3	0.25
4	0.33
5	0.42
6	0.51
7	0.60
8	0.68
9	0.77
10	0.85
11	0.94
12	1.02
13	1.10
14	1.18
15	1.26
16	1.34
17	1.42
18	1.51
19	1.59
20	1.67
21	1.75
22	1.83
23	1.91
24	1.99
25	2.07
26	2.16
27	2.24
28	2.32
29	2.40
30	2.49
31	2.57
32	2.65
33	2.73
34	2.82
35	2.90
36	2.98
37	3.06
38	3.15
39	3.23
40	3.32
41	3.40
42	3.49
43	3.57
44	3.65
45	3.74
46	3.82
47	3.91
48	3.99
49	4.08
50	4.16
51	4.25
52	4.33
53	4.42
54	4.51
55	4.59
56	4.68
57	4.76
58	4.85
59	4.93
60	5.02
61	5.11
62	5.20
63	5.28
64	5.37
65	5.46
66	5.55
67	5.63
68	5.72
69	5.81
70	5.90
71	5.98
72	6.07
73	6.16
74	6.25
75	6.34
76	6.42
77	6.51
78	6.60
79	6.69
80	6.78
81	6.87
82	6.95
83	7.04
84	7.13
85	7.22
86	7.31
87	7.40
88	7.49
89	7.58
90	7.68
91	7.77
92	7.86
93	7.95
94	8.04
95	8.13
96	8.22
97	8.31
98	8.41
99	8.50
100	8.59
101	8.68
102	8.78
103	8.87
104	8.96
105	9.05
106	9.15
107	9.24
108	9.33
109	9.33
110	9.33
111	9.33
112	9.33
113	9.33”

[F. No. S-65015/01/2024-SS-II]
ALOK MISHRA, Jt. Secy.

Note: The Employees’ Pension Scheme, 1995 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 748(E), dated the 16th November, 1995 and was last amended vide notification number S.O. 2061 (E), dated the 3rd May, 2023.

Source: https://egazette.gov.in/