Date of Joining is 12 October 1982 and date of exit is November 1995 was member of PF. In this case am I eligible for Pension. Please advise.
From United States, New York
8From United States, New York
Dear Friend,
As per Pension scheme under EPFO, If any employee completes 10 years in pension contribution then employee will eligible for monthly pension and you will get pension certificate from EPFO.
You may withdraw your EPF contribution of (12% +3.67%) by filling online form 19.
From India, Mumbai
As per Pension scheme under EPFO, If any employee completes 10 years in pension contribution then employee will eligible for monthly pension and you will get pension certificate from EPFO.
You may withdraw your EPF contribution of (12% +3.67%) by filling online form 19.
From India, Mumbai
Hi,
Employees' Pension Scheme (EPS) provided by the Employees' Provident Fund Organisation (EPFO) EPS was launched in 1995 only. You have left your service by 1995. Whether you have opted for Pension scheme during 1995 is not clear is your post.
Please check with any nearby PF Office who will be able to give the right clarification.
From India, Madras
Employees' Pension Scheme (EPS) provided by the Employees' Provident Fund Organisation (EPFO) EPS was launched in 1995 only. You have left your service by 1995. Whether you have opted for Pension scheme during 1995 is not clear is your post.
Please check with any nearby PF Office who will be able to give the right clarification.
From India, Madras
hi,
date of joining is 1.4.1994 and a became member of EPF from Nov 1995. and about to retire on 31.5.2019. My gross salary is Rs. 22000/-p.m/ while basic salary is 16110/- p.m. Family pension contribution is done @8.33% on Rs. 15000/- for last five years. Please tell me how much pension i will get after retirement ?
From India, Calicut
date of joining is 1.4.1994 and a became member of EPF from Nov 1995. and about to retire on 31.5.2019. My gross salary is Rs. 22000/-p.m/ while basic salary is 16110/- p.m. Family pension contribution is done @8.33% on Rs. 15000/- for last five years. Please tell me how much pension i will get after retirement ?
From India, Calicut
Dear Friend,
As you joined after 1995 and completed 20 years in service so you will get 2 years of bonus, your calculation is EPS pension =Avg Salary*No of years completed/70
15000*26/70= 5570 is you monthly pension amount.
From India, Mumbai
As you joined after 1995 and completed 20 years in service so you will get 2 years of bonus, your calculation is EPS pension =Avg Salary*No of years completed/70
15000*26/70= 5570 is you monthly pension amount.
From India, Mumbai
Dear Mr Ravi & Mr Mukund Kulkarni,
As per my calculation there is little difference:-
Average Salary will be = 14900/- (15000*57+6500*3)/60 = 14900
Since 15 k pension wages is effective from Sep'14. So for calculating 60 months Average Pension Salary, 57 months (Sep'14 to May'19) Pension salary will be considered on basis of 15 k and 3 months (Jun'14 to Aug'14) Pension salary will be considered on basis of 6.5 K
No. of year = 15 Nov'95 to 31st May'19 = 24 Yrs and 6.50 months = 25 Yrs
= 25 year + 2 years Bonus = 27 years
Pension should be = 14900*27 / 70
= 5747/-
I request Mr Abbas (being expert of PF Pension calculation). He can throw more light on the matter.
Dear Mr. Mukund,
We have made calculation on basis of our experience and knowledge. Pls note whenever you will get pension, let us know the exact pension amount and share the calculation criteria as well. So that we can correct ourselves.
Thanks.
From India, Delhi
As per my calculation there is little difference:-
Average Salary will be = 14900/- (15000*57+6500*3)/60 = 14900
Since 15 k pension wages is effective from Sep'14. So for calculating 60 months Average Pension Salary, 57 months (Sep'14 to May'19) Pension salary will be considered on basis of 15 k and 3 months (Jun'14 to Aug'14) Pension salary will be considered on basis of 6.5 K
No. of year = 15 Nov'95 to 31st May'19 = 24 Yrs and 6.50 months = 25 Yrs
= 25 year + 2 years Bonus = 27 years
Pension should be = 14900*27 / 70
= 5747/-
I request Mr Abbas (being expert of PF Pension calculation). He can throw more light on the matter.
Dear Mr. Mukund,
We have made calculation on basis of our experience and knowledge. Pls note whenever you will get pension, let us know the exact pension amount and share the calculation criteria as well. So that we can correct ourselves.
Thanks.
From India, Delhi
Sir i have attached pension sheet issued by epfo after retirement. Can anybody tell me how the pension amount is calculated.
From India, Calicut
From India, Calicut
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PF & Pension Amdmt Scheme 2010 for IW.pdf