I am 56 years old from Bangalore and I have 2 sons.
My husband worked in Karnataka Road Transport Service (KSRTC) as a junior assistant for almost 30 years. He passed away on January 31, 1997. At that time, my first son was 18 years old, and my second son was 16 years old.
I received my first pension of Rs. 2626/- on December 31, 1997. From September 1998, the pension was split as 1750+438+438 and was debited into my account. This continued until August 2001. Meanwhile, I received arrears in December 2000 of Rs. 3072/-. From August 2001, the pension amount increased to Rs. 1986+480+480/- and continued in that manner until January 2002.
In February 2002, two accounts were opened for my two sons, and Rs. 480+480 was deposited into their respective accounts. I was debited Rs. 1986/- from then on.
In 2004, my first son turned 25 years old and stopped receiving the pension of Rs. 480/-. In 2007, my second son turned 25 years old and also stopped receiving the pension of Rs. 480/-.
Currently, my pension is Rs. 1986/-. I am unsure if this is the correct procedure, or if I should be receiving Rs. 1986+960/- now that my sons have stopped getting their share.
In the letter of pension, the address is Bhavishyanidhi Bhavan, Rajaram Mohan Roy Road, Bangalore. The subject is: Disbursement of pension sanctioned to you under the Employees Pension Scheme 1995. It states that an amount of Rs. 3524 has been sanctioned to me towards monthly pension under the EPF Scheme 1995 from February 1, 1997, to October 31, 1997. I did receive Rs. 31742/- from the bank, but I am uncertain if my pension was supposed to be Rs. 3524/- every month from then on.
I have not received a satisfactory response from the EPF office regarding these doubts. Thank you for your help.
Thanks & Regards,
Gayathri Thimappa
From India, Bangalore
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My husband worked in Karnataka Road Transport Service (KSRTC) as a junior assistant for almost 30 years. He passed away on January 31, 1997. At that time, my first son was 18 years old, and my second son was 16 years old.
I received my first pension of Rs. 2626/- on December 31, 1997. From September 1998, the pension was split as 1750+438+438 and was debited into my account. This continued until August 2001. Meanwhile, I received arrears in December 2000 of Rs. 3072/-. From August 2001, the pension amount increased to Rs. 1986+480+480/- and continued in that manner until January 2002.
In February 2002, two accounts were opened for my two sons, and Rs. 480+480 was deposited into their respective accounts. I was debited Rs. 1986/- from then on.
In 2004, my first son turned 25 years old and stopped receiving the pension of Rs. 480/-. In 2007, my second son turned 25 years old and also stopped receiving the pension of Rs. 480/-.
Currently, my pension is Rs. 1986/-. I am unsure if this is the correct procedure, or if I should be receiving Rs. 1986+960/- now that my sons have stopped getting their share.
In the letter of pension, the address is Bhavishyanidhi Bhavan, Rajaram Mohan Roy Road, Bangalore. The subject is: Disbursement of pension sanctioned to you under the Employees Pension Scheme 1995. It states that an amount of Rs. 3524 has been sanctioned to me towards monthly pension under the EPF Scheme 1995 from February 1, 1997, to October 31, 1997. I did receive Rs. 31742/- from the bank, but I am uncertain if my pension was supposed to be Rs. 3524/- every month from then on.
I have not received a satisfactory response from the EPF office regarding these doubts. Thank you for your help.
Thanks & Regards,
Gayathri Thimappa
From India, Bangalore
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The maximum widow pension as per Table C payable on 01.02.97 is Rs. 1750. Child pension is 25% of widow pension, i.e., 1750 x 25% = 437.50 rounded to 438 each.
As per Section 32 of EPS-95, there should be an annual valuation of the pension fund. Accordingly, hikes of 4%, 5.5%, 4%, 4% were granted for the periods 16.11.95 to 15.11.96, 16.11.96 to 31.3.98, 1.4.98 to 31.3.99, 1.4.99 to 31.3.2000 respectively on pension for the pensioners on the roll at that time. Since your pension is applicable from 01.02.97 onwards, the first hike of 4% is not payable to you. However, you should have received a balance of 5.5% + 4% + 4% = 13.5%. That is why your pension was enhanced from 1750 to 1986. Simultaneously, the child pension should also have been hiked to 13.5%, resulting in an amount of Rs. 497. However, you mentioned that it was enhanced to Rs. 480 only. Please bring this to the notice of the concerned RPFC. (497 is from 1.4.2000 onwards. From 1.4.99, it should be 480 and from 1.4.98, it should be 462).
You are eligible for a pension of Rs. 1986 only. The child pension has to be stopped upon attaining the age of 25 years. Hence, the procedure of EPFO is correct in this regard.
Abbas.P.S, ITI Ltd, PALAKKAD - 678 623
Ph. +91 9447 467 667
From India, Bangalore
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530As per Section 32 of EPS-95, there should be an annual valuation of the pension fund. Accordingly, hikes of 4%, 5.5%, 4%, 4% were granted for the periods 16.11.95 to 15.11.96, 16.11.96 to 31.3.98, 1.4.98 to 31.3.99, 1.4.99 to 31.3.2000 respectively on pension for the pensioners on the roll at that time. Since your pension is applicable from 01.02.97 onwards, the first hike of 4% is not payable to you. However, you should have received a balance of 5.5% + 4% + 4% = 13.5%. That is why your pension was enhanced from 1750 to 1986. Simultaneously, the child pension should also have been hiked to 13.5%, resulting in an amount of Rs. 497. However, you mentioned that it was enhanced to Rs. 480 only. Please bring this to the notice of the concerned RPFC. (497 is from 1.4.2000 onwards. From 1.4.99, it should be 480 and from 1.4.98, it should be 462).
You are eligible for a pension of Rs. 1986 only. The child pension has to be stopped upon attaining the age of 25 years. Hence, the procedure of EPFO is correct in this regard.
Abbas.P.S, ITI Ltd, PALAKKAD - 678 623
Ph. +91 9447 467 667
From India, Bangalore
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