Summary:
Only employees of some organisations like Steel Plant and RTC had opted to increase their share of contribution under EPS-95. The Family Pension Scheme (FPS-1971) was replaced by EPS-1995, following struggles by trade unions for the benefit of pensioners. The employees were allowed to increase their share of contribution but the campaign made them not to go for it. “Only employees of ‘un-exempted establishments’ can be paid enhanced pension, if they pay the difference in their actual contribution under EPS-95, as per the Supreme Court order. Pensioners of Public Sector Undertakings like VSP, private sector and contract employees, fulfilling the criteria, would be eligible under EPS-95..