"Common mistakes committed while submitting Form No: 10D for claiming EPS,'95 Pension "either upto Ceiling or on Full Wages (Higher Pension)"

This post is from the pen of G. Srinivasa Rao.

“Common mistakes committed while submitting Form No: 10D for claiming EPS,’95 Pension “either upto Ceiling or on Full Wages (Higher Pension)”

Live case:
Name: Sri B. Malli Reddy,
Designation: Driver Gr-II
Depot: Madanapally-1,
Date of Birth: 01-07-1957
Date of Appointment
as Casual Driver Gr-II: 11-08-1992
Date of Removal
due to involment
in accident: 21-06-1994
Reinstated by Labour
Court without
back Wages: 10-07-1998
Date of attaining 58
years: 30-06-2015
Pensionable Salary: 7,725/-
Wages as on 15-11-1995
(though the employee was not
in service as on 15-11-1995
Wages as on the date of removal
as Casual Driver should be mentioned)
Reasons:
Other than removal, he may be in
long sick while in service as on
15-11-1995 i.e., as example from
01-01-1995 to 31-12-1995. Or in case
other Establishments just like
Jute Mill, may be in Lock-out for
the above period of 01-01-1995
31-12-1995. Simply because the
employee is not on duty as on
15-11-1995 due to various reasons
the Column (Wages on 15-11-1995
should not be left behind, but should
be filled with Wages as on the date
prior to 15-11-1995. In the case of the
above employee i.e., Sri B.M. Reddy,
Wages as on the date of removal
i.e., 21-06-1994 should be mentioned.

Treatment of “Removal period”
21-06-1994 to 09-07-1998
i) 21-06-1994 to 15-11-1995
(Period under EFPS,’71)
should be ignored.
ii) 16-11-1995 to 09-07-1998
i.e., 964 days should be shown
as NCP days inaddition to
actual NCP days from the date of
reinstatement to date of attaining
58 years i.e., 38 days=1,002 days.

Due to showing Date of reinstatement
by Labour Court as Date of Appointment
i.e., 10-07-1998
instead of showing Date of Appointment as
Casual Driver i.e., 11-08-1992
the above Employees lost
Past Service Benefit of
359/- (80X4.485)
and
Two years Weightage:
6,500/70X2=186/-
(EPS,’95 Service taken only
from 10-07-1998 to 30-06-2015
i.e., 16 years, 11 months and 15 days
instead of from 11-08-1992 to 30-06-2015
22 years, 10 months and 22 days

Total loss to the Employee:
Past Service Benefit: 359/-+
Two years Weightage: 186/-=
545/-
Loss from July, 2015 to June, 2025:
545X12X10=65,400/-
With Interest as per the rates
declared by EPFO from year to
year: more than 1,00,000/-

Now the Employee is eligible for
Higher Pension and the loss may
go more than 1,000/- per month i.e.,
1,20,000/- in arrears from July, 2015
June, 2015:
1,000X12X10=1,20,000/-

There may be number of similar cases in
both APSRTC?TSRTC.

Post Views: 12

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