Dear Bavarva,
From the details furnished by you, you are entitled to get Rs. 1780/-. However, there seems to be a difference of Rs. 93. This is equivalent to one year's pension, i.e., 6500x1/70. It means there may be a break in service of around 3 months or more after 16.11.95.
The Pensionable Service calculation is as follows: 16.11.95 to 15.5.2009 = 13 years & 6 months, which needs to be rounded up to 14 years. But as per PF records, they might have counted the period prior to 15.5.2009. The reason for the shortage of this service may be a break in service or an error in rounding up for the last 8 months. However, the correct reason has to be obtained from EPF. If your employer is prompt, you can get the details from them as well.
Abbas. P. S.
From India, Bangalore
From the details furnished by you, you are entitled to get Rs. 1780/-. However, there seems to be a difference of Rs. 93. This is equivalent to one year's pension, i.e., 6500x1/70. It means there may be a break in service of around 3 months or more after 16.11.95.
The Pensionable Service calculation is as follows: 16.11.95 to 15.5.2009 = 13 years & 6 months, which needs to be rounded up to 14 years. But as per PF records, they might have counted the period prior to 15.5.2009. The reason for the shortage of this service may be a break in service or an error in rounding up for the last 8 months. However, the correct reason has to be obtained from EPF. If your employer is prompt, you can get the details from them as well.
Abbas. P. S.
From India, Bangalore
Dear Abbas,
I have received the answer from A.P.F. Commissioner Surat regarding my application of getting less pension as stated in earlier discussions. In their reply, he has given a reference of H.O. Letter No. PENSION/A&C/I/2000/PIC/VOL.VI/90737 DT.: 19/02/2009 for the fixation of pension. Kindly get details of the referred letter if possible. If there is any clause for clarification of my less pension, then okay. Otherwise, now where I have to approach for rectification, please advise.
G R BAVARVA
01-10-10.
Copy of the letter is attached.
From India, Ahmadabad
I have received the answer from A.P.F. Commissioner Surat regarding my application of getting less pension as stated in earlier discussions. In their reply, he has given a reference of H.O. Letter No. PENSION/A&C/I/2000/PIC/VOL.VI/90737 DT.: 19/02/2009 for the fixation of pension. Kindly get details of the referred letter if possible. If there is any clause for clarification of my less pension, then okay. Otherwise, now where I have to approach for rectification, please advise.
G R BAVARVA
01-10-10.
Copy of the letter is attached.
From India, Ahmadabad
Dear Bavarva,
You stated that your pension started on 6.8.2009. In my previous reply, I detailed that if the pension date is before 15.5.2009, the pensionable service will be 13 years, and for dates on or after 15.5.2009, it will be 14 years. However, the PF authorities have indicated that the pension processing letter date is 19.2.2009. Consequently, a one-year reduction in service is justifiable.
For those who continue in service, the service for pension calculation will be considered up to the completion of 58 years of age. Please verify if this applies in your case. If so, there is no basis for registering any complaints in this regard.
Abbas.P.S
From India, Bangalore
You stated that your pension started on 6.8.2009. In my previous reply, I detailed that if the pension date is before 15.5.2009, the pensionable service will be 13 years, and for dates on or after 15.5.2009, it will be 14 years. However, the PF authorities have indicated that the pension processing letter date is 19.2.2009. Consequently, a one-year reduction in service is justifiable.
For those who continue in service, the service for pension calculation will be considered up to the completion of 58 years of age. Please verify if this applies in your case. If so, there is no basis for registering any complaints in this regard.
Abbas.P.S
From India, Bangalore
Dear ABBAS,
For Pension calculation, the following details are required:
1. Date of Birth: 11.09.1945
2. Date of Join in EPF: 16.11.95
3. Break in service before 16.11.95: Yes
4. Break in service after: No
5. Salary on 16.11.95: 10,000 Rs
6. Salary at the time of Exit: 18,000 Rs
Regards,
Santosh D. Patil
From India, Thane
For Pension calculation, the following details are required:
1. Date of Birth: 11.09.1945
2. Date of Join in EPF: 16.11.95
3. Break in service before 16.11.95: Yes
4. Break in service after: No
5. Salary on 16.11.95: 10,000 Rs
6. Salary at the time of Exit: 18,000 Rs
Regards,
Santosh D. Patil
From India, Thane
How many minimum employees needed into propritory firm for pension applicability
From India, Chennai
From India, Chennai
I am a member of the 1995 pension scheme and receive a pension of Rs 902/- per month from my retirement. I have heard that a new amendment has been introduced in the pension scheme. Can I receive additional pension? Who can guide me? Please send the reply to my email ID - nisaljayant@yahoo.com.
Jayant Nisal
nisaljayant@yahoo.com
Corporate Manager - HR/IR
7875757963
From India, Pune
Jayant Nisal
nisaljayant@yahoo.com
Corporate Manager - HR/IR
7875757963
From India, Pune
I am a member of EPS-95 Pension Scheme. My birth date is 03/07/1958. My date of joining EPF is 22/06/1974 and date of exit is 30/09/2009. Service before 15/11/1995 is 21 years, months, 25 days and service after 15/11/95 is 13 years, 10 months, 15 days. My eligible service is 35 years. Wages on 15/11/1995 were Rs. 4,500 and on the date of exit were Rs. 6,500. NCP days 0. I am getting a pension of Rs. 2,296 per month from 03/07/2016, and the type of pension is Superannuation. Weightage service factor 2. Is it the correct calculation of the pension? If it is correct, please explain it to me. I also heard that there is an amendment in EPS-95 Pension Scheme. The minimum pension will be Rs. 7,500. Is it true?
From India
From India
Dear All ++++++++++++++ Thanks for your inputs. Wish a happy and prosperous festival of lights, DIWALI +++++++++++++
From India, New Delhi
From India, New Delhi
Why is there no change to the pension? We have been receiving a pension of Rs 902/- for so many years. There is always a rumor that members of the 1995 scheme will receive a minimum pension of Rs 7500/- per month. Is this true? Who can provide the correct information?
Thanks,
Jayant Nisal
nisaljayant@yahoo.com
7875757963
From India, Pune
Thanks,
Jayant Nisal
nisaljayant@yahoo.com
7875757963
From India, Pune
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