Monthly pension from fpf portion of pf contribution

A private sector employee after his resignation from company, receives PF portion of his and company's contribution fully; but instead of receiving FPF portion also, he receives a fixed amount every month as pension. This was originally contributed by him/ his employer every month. Now he is a retired person. Whether the pension received out of FPF portion is covered by exemption under Section 10 (12) of Income Tax Act or is it taxable?

Thank you in advance.