MoL&E Notification – Higher pension opportunity to pensioners of EPS 1995

The Ministry of Labour and Employment has issued a notification on May 3, 2023, stating that certain provisions of the Code on Social Security, 2020 will come into force on the same day.

These provisions include sub-section (3) of section 15, clause (a) of sub-section (1) of section 16, clause (b) of sub-section (1) of section 16, sub-section (2) of section 16, section 143, sub-section (1) of section 164, and clause (b) of sub-section (2) of section 164, all of which pertain to the Employees’ Pension Scheme, 1995.

The corresponding provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 will also be repealed. This notification is issued in exercise of the powers conferred by sub-section (3) of section 1 of the Code on Social Security, 2020.

MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 3rd May, 2023

S.O. 2060(E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Code on Social Security, 2020 (36 of 2020) read with section 14 of the General Clauses Act, 1897 (10 of 1897), the Central Government hereby appoints the 3rd day of May, 2023, as the date on which the following provisions of the said Code shall come into force, namely:–

(i) sub-section (3) of section 15, in so far as it relates to the Employees’ Pension Scheme, 1995;

(ii) clause (a) of sub-section (1) of section 16, in so far as it relates to the Employees’ Pension Scheme, 1995;

(iii) clause (b) of sub-section (1) of section 16;

(iv) sub-section (2) of section 16, in so far as it relates to the Employees’ Pension Scheme, 1995;

(v) section 143, in so far as it applies in giving effect to the provisions of sub-clause (ii) of clause (b) of sub-section (1) of section 16 in relation to the Employees’ Pension Scheme, 1995;

(vi) sub-section (1) of section 164 to repeal the corresponding provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952) specified in item 3 thereof; and

(vii) clause (b) of sub-section (2) of section 164 in so far as it relates to the Employees’ Pension Scheme, 1995.

[F. No. R-15011/02/2023-SS-II]
VIBHA BHALLA, Jt. Secy.

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