Question : COMMUTATION OF PENSION

(a) whether the Government proposes to withdraw the commutation facilities of Employees Provident Funds (EPF) pensioners;

(b) if so, whether due to reduction of pension a substantial loss has occurred to pensioners;

(c) if so, whether the Government also proposes to withdrew `Return of Capital` (ROC) Scheme

(d) if so, whether the Government is reconsidering such stands as requested by EPF pensioners;and

(e) if so, the details thereof?

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT(SHRI HARISH RAWAT)

(a): Option for commutation of pension does not exist as on date.

(b): In view of (a) above, the pensioner will receive full amount of pension and there is no reduction in pension.

(c): Option for ‘Return of Capital’ (ROC) does not exist as on date.

(d) & (e): There is no such proposal as on date.