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Gratuity Discussion

on December 17, 2021

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Payment of Gratuity Act 1972

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Higher Pension - Applications for Validation of Option / Joint Options - Deposit / Transfer of due contribution with interest into Pension Fund

Higher Pension - Applications for Validation of Option / Joint Options - Deposit / Transfer of due contribution with interest into Pension Fund In refer to the instructions issued vide circulars dated 29 th December 2022, 05 th December 2023, 25 th January 2023, 20 th February 2023 and 23 January 2023 regarding the Hon'ble Supreme Court judgment dated 04 th November 2022 in the case of Sunil Kumar B. vs. Others . This circular is in continuation of the earlier instructions issued vide above circulars. Notification of the Government The following provisions have come into force on the 1 st September, 2014. vide GOI notification S.O. 2061(E) Dated 03.05.3023: "(i) In respect of members who have exercised joint option for contributing under the provisions of paragraph 11 of the Employees' Pension Scheme, 1995 and who are found eligible, the employer's contribution shall be nine and forty-ninth per cent. (9.49%) of the basic wages, dearness allowance and

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