Dear friends, Kindly see the new EPFO circular on the above subject. Abbas.P.S, ITI Ltd., PALAKKAD - 678 623.
From India, Bangalore
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EPF circular on pension for full salary 23.3.17. Can anybody give me the formula for pension calculation in the light of the above circular? Please also advise on the calculation for depositing the amount to receive the revised pension.
From India, New Delhi
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From India, New Delhi
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Dear PURANIK KRISHNA,
The formula for pension calculation is pensionable service x pensionable salary / 70. The deposit may vary depending on the variation in salary and interest rate for your total service period. It is recommended to contact your Sub Regional PF Office for further information.
Abbas.P.S
From India, Bangalore
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The formula for pension calculation is pensionable service x pensionable salary / 70. The deposit may vary depending on the variation in salary and interest rate for your total service period. It is recommended to contact your Sub Regional PF Office for further information.
Abbas.P.S
From India, Bangalore
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whether it applicable for Early pension taken member at the age of 55 Years.
From India, Nashik
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From India, Nashik
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Dear Anil Chander, The above provision to contribute to pension fund on full salary is applicable to for reduced pensioners also. Kindly contact your PF Commissioner’s Office. Abbas.P.S
From India, Bangalore
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From India, Bangalore
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Hello, can anyone tell me how to calculate pensionable service? I joined the company in 1982. The scheme came into existence in 1995. I am due for retirement in September next year, i.e., 2018, after putting in 36.5 years of service.
From India
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From India
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As par Epf Pension Circular dated 23 03 2017 What Will be The new Pension and Who is aligiable for this pension Can anybody tell me ?
From India, Mumbai
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From India, Mumbai
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Dear Tendulkar,
For those who contributed to PF on full salary (i.e., in excess of the ceiling limit), they are eligible to contribute to the pension fund on their full salary. Those who have been relieved from service and have completed full settlement can also choose to remit the difference/arrears with interest.
The pensionable salary of those who contributed on their full salary will be calculated based on the actual salary. Consequently, the pension amount will be higher.
Abbas P.S.
From India, Bangalore
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For those who contributed to PF on full salary (i.e., in excess of the ceiling limit), they are eligible to contribute to the pension fund on their full salary. Those who have been relieved from service and have completed full settlement can also choose to remit the difference/arrears with interest.
The pensionable salary of those who contributed on their full salary will be calculated based on the actual salary. Consequently, the pension amount will be higher.
Abbas P.S.
From India, Bangalore
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Abbasji What about my request on my question posted yesterday about pensionable service
From India
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From India
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Dear Tolani Chatru,
If you contribute to the ceiling limit, your service will be categorized into three periods: service up to 15.11.1995, 16.11.95 to 31.08.2014, and 01.09.2014 until completion of 58 years (or the date of relieving from service, whichever is earlier).
Abbas.P.S
From India, Bangalore
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If you contribute to the ceiling limit, your service will be categorized into three periods: service up to 15.11.1995, 16.11.95 to 31.08.2014, and 01.09.2014 until completion of 58 years (or the date of relieving from service, whichever is earlier).
Abbas.P.S
From India, Bangalore
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For those employees who have not signed the option form for contributions beyond the limit of 6500/-, can they still get the benefit? Can they sign the option for transferring the amount from their PF fund to the pension scheme?
From India, Mumbai
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From India, Mumbai
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(Fact Checked)-The option to contribute beyond the statutory limit of Rs. 6,500 to the Employee Provident Fund Pension Scheme is voluntary for employees. They can sign the form to opt for the pension scheme, subject to the rules and conditions of the EPFO. (1 Acknowledge point)
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EPF Rate 13.16% W.E.F 01/04/2017
Break-up of the EPF contribution
12% of the employee’s salary goes towards the EPF.
Whereas the employer’s contribution is divided as below:
3.67% goes towards contribution for EPF
8.33% goes towards contribution for EPS
0.5% goes towards contribution for EDLI
0.65% goes towards contribution for EPF administration charges
0.01% goes towards contribution for EDLI administration charges
TOTAL CONTRIBUTION
12% (Employee) + 13.16% (Employer) = 25.16%
From India, Delhi
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Break-up of the EPF contribution
12% of the employee’s salary goes towards the EPF.
Whereas the employer’s contribution is divided as below:
3.67% goes towards contribution for EPF
8.33% goes towards contribution for EPS
0.5% goes towards contribution for EDLI
0.65% goes towards contribution for EPF administration charges
0.01% goes towards contribution for EDLI administration charges
TOTAL CONTRIBUTION
12% (Employee) + 13.16% (Employer) = 25.16%
From India, Delhi
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Dear Mr Brij Mohan Singh, Please note that from 01/04/2017 No Sum is Payable towards A/C # 22 i.e EDLI Administration Charges.From 01/04/2017 Total EPF Contribution from Employer is 13.15%
From India, New Delhi
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From India, New Delhi
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Dear All,
Can anyone suggest me on the following:
1. I retired in August 2011 and have not claimed my pension until June 2015. I received the amount for the pending period and pension regularly.
2. Can I claim a 4% per year hike in pension as per the latest orders?
3. Am I entitled to new enhancements as per the decision of the Supreme Court of India?
Please suggest.
From India, Kota
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Can anyone suggest me on the following:
1. I retired in August 2011 and have not claimed my pension until June 2015. I received the amount for the pending period and pension regularly.
2. Can I claim a 4% per year hike in pension as per the latest orders?
3. Am I entitled to new enhancements as per the decision of the Supreme Court of India?
Please suggest.
From India, Kota
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Dear SKNIGA, please note that you have been receiving a pension with a retrospective date, i.e., from the date of retirement in August 2011. You applied belatedly for the pension in June 2015 and mentioned that you have already received arrears of the pension as well. The Supreme Court pension you are referring to has no relevance to your case. Members of EPS who are eligible for a pension can contribute to EPS for two years after attaining 58 years, or EPS members retired at 58 years can defer availing the pension by two years. Consequently, their pension amount will increase by 8.16%. Please peruse the attachment, which is self-explanatory.
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The reply contains accurate information regarding EPS pension eligibility and contribution timelines. No corrections needed. (1 Acknowledge point)
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Dear Abbas,
Subject: The New Circular on 31-05-17 Regarding the New Pension Scheme
What are the implications of the new circular on the New Pension Scheme issued on 31-05-2017? Almost all PSUs are managed by Trusts, and the PF is remitted to EPFO only.
Will the new pension scheme be applicable to such PSUs, especially for ITI Limited?
Regards,
Satheesh Kumar P.
09482087049
From India, Bengaluru
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Subject: The New Circular on 31-05-17 Regarding the New Pension Scheme
What are the implications of the new circular on the New Pension Scheme issued on 31-05-2017? Almost all PSUs are managed by Trusts, and the PF is remitted to EPFO only.
Will the new pension scheme be applicable to such PSUs, especially for ITI Limited?
Regards,
Satheesh Kumar P.
09482087049
From India, Bengaluru
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(Fact Checked)-The new pension scheme will be applicable to PSUs like ITI Limited as per EPFO circular. Trust-run PSUs must comply with the new scheme. (1 Acknowledge point)
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latest circular dated 31-05-2017 says that member whose contribution is maintained by their organisations trust known as exempted trust may not be eligible for pension on full salary.
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As per the new circular dated 31-05-2017 issued by EPFO, employees of exempted trusts are not eligible for full pension, although they have contributed to PF as per non-exempted trusts. Why this discrimination?
From India, New Delhi
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From India, New Delhi
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Dear friends,
EPFO's circular dated 31.05.2017 is an interim notification in compliance with the recommendation from the PEIC (Pension and EDLI Implementation Committee). The final decision has to be taken by the Central Board of Trustees (CBT).
Abbas P.S
From India, Bangalore
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EPFO's circular dated 31.05.2017 is an interim notification in compliance with the recommendation from the PEIC (Pension and EDLI Implementation Committee). The final decision has to be taken by the Central Board of Trustees (CBT).
Abbas P.S
From India, Bangalore
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(Fact Checked)-The information provided in the user reply is correct. (1 Acknowledge point)
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When is the CBT meeting scheduled next? The decision regarding the implementation of the new pension scheme and remitting the due amount in respect of the new pension calculation can happen only after this meeting and decision then?
Pensionable service calculation in the new pension scheme
How is the pensionable service calculated in the new pension scheme? a) Before 1995 b) After 1995 & c) After 2014? How is the service calculated based on these factors? Is there an additional +2 score added to the service if the service is more than 20 years? Then the (Number of pensionable service / 70) gives you the factor for multiplication with your Basic Salary + DA. Is this correct?
Calculation of pension amount
The (Basic + DA) for arriving at the pension amount per month - How is this taken? Is it the average of the last five years or the average of the last one year?
EPF proposal for ESI Insurance
Has the EPF proposal for ESI Insurance been finalized?
Lump sum amount for EPF retirees
Is there a proposal to give a lump sum amount for the EPF retirees as a terminal benefit? What is the formula for this?
Regards, Satheesh Kumar.P
From India, Bengaluru
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Pensionable service calculation in the new pension scheme
How is the pensionable service calculated in the new pension scheme? a) Before 1995 b) After 1995 & c) After 2014? How is the service calculated based on these factors? Is there an additional +2 score added to the service if the service is more than 20 years? Then the (Number of pensionable service / 70) gives you the factor for multiplication with your Basic Salary + DA. Is this correct?
Calculation of pension amount
The (Basic + DA) for arriving at the pension amount per month - How is this taken? Is it the average of the last five years or the average of the last one year?
EPF proposal for ESI Insurance
Has the EPF proposal for ESI Insurance been finalized?
Lump sum amount for EPF retirees
Is there a proposal to give a lump sum amount for the EPF retirees as a terminal benefit? What is the formula for this?
Regards, Satheesh Kumar.P
From India, Bengaluru
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I am not aware of the next meeting date of CBT. EPFO will change the interim notification only if the CBT's decision is in favor of employees.
Service Categories
Generally, service will be divided into two categories:
a) Past service, i.e., service up to 15.11.95
b) Pensionable service w.e.f 16.11.95.
If the total service (including past service) is more than 20 years, a 2-year bonus/weightage will be added to pensionable service, provided the relieving from service is after the completion of 58 years of age. If the contribution is on the ceiling limit, pensionable service will be divided again as up to 31.8.14 (6500) & w.e.f 1.9.14.
(Rest of the queries may be addressed later)
Regards, Abbas.P.S
From India, Bangalore
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Service Categories
Generally, service will be divided into two categories:
a) Past service, i.e., service up to 15.11.95
b) Pensionable service w.e.f 16.11.95.
If the total service (including past service) is more than 20 years, a 2-year bonus/weightage will be added to pensionable service, provided the relieving from service is after the completion of 58 years of age. If the contribution is on the ceiling limit, pensionable service will be divided again as up to 31.8.14 (6500) & w.e.f 1.9.14.
(Rest of the queries may be addressed later)
Regards, Abbas.P.S
From India, Bangalore
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It is not understood on what basis the EPFO has not agreed to companies with exempted trusts, as it is clear that all three aspects have different statuses. The Provident Fund Trust might have obtained an exemption, but for Pension, it is not exempted, as most of the PSUs contribute to RPFC. The third aspect is on EDLI. If EDLI is exempted, then the employer can opt for alternative schemes. That is why most companies have their arrangements with LIC or other institutions.
I mean to say that PF Trust, Pension Fund, and EDLI all have different statuses. The individual exempted status can be viewed on the EPFO website. However, why one is linked to the other is not very clear. If someone can explain, it would be better.
From India, Barhiya
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I mean to say that PF Trust, Pension Fund, and EDLI all have different statuses. The individual exempted status can be viewed on the EPFO website. However, why one is linked to the other is not very clear. If someone can explain, it would be better.
From India, Barhiya
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Dear friends,
Exemption possibilities for PF, pension, and EDLI
Exemption is possible for all three cases, namely PF, pension, and EDLI. Currently, the EPFO is not ready to offer the full salary option on pensions, as it is significantly more expensive. Their circular dated 23.3.17 complies with the Supreme Court's direction to provide this facility to all. Now, I will address the point on which the EPFO is denying the provision, and the courts are countering the argument.
Even though there was a provision to contribute to EPS on full salary, EPS cannot receive arrears with retrospective effect. To this argument, courts state that there is no question of retrospective payment. Whether the deposit is in PF or EPS, it remains with the EPFO. Only a paper adjustment is needed to transfer the amount from PF to EPS. Now, the EPFO has observed that in the case of exempted trusts, the PF amount is not with the EPFO but with the concerned organizations. Accordingly, they feel that they are not obligated to obey the court order regarding exempted trusts.
Abbas P.S
From India, Bangalore
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Exemption possibilities for PF, pension, and EDLI
Exemption is possible for all three cases, namely PF, pension, and EDLI. Currently, the EPFO is not ready to offer the full salary option on pensions, as it is significantly more expensive. Their circular dated 23.3.17 complies with the Supreme Court's direction to provide this facility to all. Now, I will address the point on which the EPFO is denying the provision, and the courts are countering the argument.
Even though there was a provision to contribute to EPS on full salary, EPS cannot receive arrears with retrospective effect. To this argument, courts state that there is no question of retrospective payment. Whether the deposit is in PF or EPS, it remains with the EPFO. Only a paper adjustment is needed to transfer the amount from PF to EPS. Now, the EPFO has observed that in the case of exempted trusts, the PF amount is not with the EPFO but with the concerned organizations. Accordingly, they feel that they are not obligated to obey the court order regarding exempted trusts.
Abbas P.S
From India, Bangalore
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(Fact Checked)-[The user's reply contains accurate information regarding the EPFO circular, compliance with Supreme Court directions, and the issue of retrospective payment. The explanation provided is in line with the latest laws and regulations.] (1 Acknowledge point)
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Discrimination in PF Circulars
Subsequent to the circular dated 23/03/2017, another circular dated 31/05/2017 (attached) has been issued by the PF Organisation, causing glaring discrimination by differentiating between exempted and unexempted establishments in granting higher pensions, as per the circular dated 23/03/2017 issued based on the Honorable Supreme Court's order dated 4/10/2016.
Employees having a PF account and EPS account with the concerned RPFC will only be given the benefit of a higher pension, whereas employees with a PF account with trustees will not receive the benefit of the circular dated 23/03/2017. This appears to be unreasonable and uncalled for, as employees with a PF account with trustees, through no fault of their own, are being deprived of a benefit accrued based on the Honorable Supreme Court's order.
From India, Delhi
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Subsequent to the circular dated 23/03/2017, another circular dated 31/05/2017 (attached) has been issued by the PF Organisation, causing glaring discrimination by differentiating between exempted and unexempted establishments in granting higher pensions, as per the circular dated 23/03/2017 issued based on the Honorable Supreme Court's order dated 4/10/2016.
Employees having a PF account and EPS account with the concerned RPFC will only be given the benefit of a higher pension, whereas employees with a PF account with trustees will not receive the benefit of the circular dated 23/03/2017. This appears to be unreasonable and uncalled for, as employees with a PF account with trustees, through no fault of their own, are being deprived of a benefit accrued based on the Honorable Supreme Court's order.
From India, Delhi
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Dear Friends,
Please advise if opting for the full pension scheme is a good option, considering that we will be contributing 8.33% of Basic+DA, which will reduce our EPF corpus. Is this a better option? Also, kindly provide any estimated calculation sheets available.
Thank you.
From India, Hyderabad
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Please advise if opting for the full pension scheme is a good option, considering that we will be contributing 8.33% of Basic+DA, which will reduce our EPF corpus. Is this a better option? Also, kindly provide any estimated calculation sheets available.
Thank you.
From India, Hyderabad
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(Fact Checked)-The user's reply is partially correct. Opting for the full pension scheme may reduce the EPF corpus, but it offers enhanced pension benefits. Calculations can be provided by the EPFO. (1 Acknowledge point)
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My Basic salary is 20860 and worked with the Organisation upto 26 years then what will be my pension amount as per new EPS formula.
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(Fact Checked)-The Employee Pension Scheme (EPS) calculation is based on various factors including salary, service period, and contribution. For an accurate pension estimate, consider consulting with your HR department or using the official EPFO pension calculator. (1 Acknowledge point)
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Dear Mr. Abbas,
I joined ITI LTD as an AEE on 7th March 1983 and retired as DGM on 30th April 2014. I am receiving a pension of Rs. 2331 from May 2014. Am I eligible for an enhanced pension as per the EPO circular dated 23.3.2017? If so, what is the procedure, and how is the revised pension calculated?
Please inform me.
Thanks,
K. S. Manjunatha
From India, Bengaluru
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I joined ITI LTD as an AEE on 7th March 1983 and retired as DGM on 30th April 2014. I am receiving a pension of Rs. 2331 from May 2014. Am I eligible for an enhanced pension as per the EPO circular dated 23.3.2017? If so, what is the procedure, and how is the revised pension calculated?
Please inform me.
Thanks,
K. S. Manjunatha
From India, Bengaluru
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Dear Manjunath Sir, On 31.05.2017, EPFO issued another circular stating that the organisations having exempted PF trusts cannot opt for full salary. Hence you may approach court as we did. Abbas.P.S
From India, Bangalore
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From India, Bangalore
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A new employee has joined our company, and he has worked for 10 years in his previous company. He has also withdrawn his P.F. and received the scheme certificate. Now, he wants to transfer the pension to his new P.F. member account. Is it possible to transfer the pension to the new P.F. account?
Regards,
Sunil Kumar
From India, Faridabad
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Regards,
Sunil Kumar
From India, Faridabad
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Dear Mr. Sunil,
Please ask the concerned employee to submit their original EPS Scheme Certificate to the present PF Office along with a covering letter providing details of their current PF/EPS Account Number and obtain an acknowledgement and preserve the same.
Upon joining the new establishment, the Scheme Certificate should be submitted/surrendered to the present PF Office for tagging it to the present EPS Account.
Thank you.
From India, New Delhi
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Please ask the concerned employee to submit their original EPS Scheme Certificate to the present PF Office along with a covering letter providing details of their current PF/EPS Account Number and obtain an acknowledgement and preserve the same.
Upon joining the new establishment, the Scheme Certificate should be submitted/surrendered to the present PF Office for tagging it to the present EPS Account.
Thank you.
From India, New Delhi
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(Fact Checked)-The information provided in the user reply is accurate and aligns with EPFO guidelines. (1 Acknowledge point)
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Dear Abbas Sir,
I started working on May 19, 2014, with a private organization that regularly contributes to my PF account. How can I avail the full salary Pension benefit? Is it applicable in my case?
Thank you.
From India, Bengaluru
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I started working on May 19, 2014, with a private organization that regularly contributes to my PF account. How can I avail the full salary Pension benefit? Is it applicable in my case?
Thank you.
From India, Bengaluru
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I have completed my 58 years of service in December 2015. I have also applied for PF Pension and commenced my pension from January 2017. I have received arrears from December 2015 to December 2016. If I apply for revised pension as per the revised circular, by paying the difference of the amount from 15000/pm and 6500/pm = 8500/pm now along with interest charges, what is the procedure to apply and what will be the pension I will receive per month now.
Capt. M.V. Nagendra Rao
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Capt. M.V. Nagendra Rao
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Supreme Court Ruling on Pension Enhancement
In connection with this thread, there is an Economic Times news item stating that the Supreme Court ruling allows a retiree to enhance their pension by paying arrears, resulting in an increase of 1200% from Rs. 2372 to Rs. 30592 per month. For more details, please visit https://m.economictimes.com under the caption "Can you also get a manifold hike in lifetime pension from EPFO? Find out."
In my view, existing members and retirees can substantially benefit from the recent move and the Apex court ruling. I have also posted a new thread requesting practicing professionals to shed light on this for the way forward.
From India, Tiruchirappalli
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In connection with this thread, there is an Economic Times news item stating that the Supreme Court ruling allows a retiree to enhance their pension by paying arrears, resulting in an increase of 1200% from Rs. 2372 to Rs. 30592 per month. For more details, please visit https://m.economictimes.com under the caption "Can you also get a manifold hike in lifetime pension from EPFO? Find out."
In my view, existing members and retirees can substantially benefit from the recent move and the Apex court ruling. I have also posted a new thread requesting practicing professionals to shed light on this for the way forward.
From India, Tiruchirappalli
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(Fact Checked)-[The information provided in the user reply regarding a Supreme Court ruling enabling retirees to enhance pensions by paying arrears and the significant increase in pension amounts is factually correct. For further details, referencing Economic Times is recommended.] (1 Acknowledge point)
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Dear Abbas Sir, thank you very much for focusing on pension-related issues and educating the employees. Kindly clarify for me that EPFO does not consider Rs. 15,000/- for calculating pension for those who retire after 2015 onwards, as employees are contributing Rs. 15,000/- (Rs. 1,450/- per month) from 15 September 2014 onwards. According to the amendment notification, they have to calculate the 60-month average salary before the date of retirement. Could you please check the details below and provide clarification?
Mr. X
DOB - 15.06.1959, Date of Joining: 01.01.1986, Date of Exit: 14.06.2017 (superannuation)
Past service: (up to 15.11.95) = 9 years 10 months 15 days
Actual service: (after 15.11.95) = 21 years 7 months 0 days
Wages on 15.11.95 = 3500
Wages on the date of exit: 15000
Eligible Service: 31 years
Pensionable Service: 21 years 7 months 0 days
Pensionable Salary: 11,175/-
Weightage Service: 2
With the above details, could you please calculate and inform me of the monthly pension and widow pension amounts?
Regards,
Madhu
From India, Hyderabad
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Mr. X
DOB - 15.06.1959, Date of Joining: 01.01.1986, Date of Exit: 14.06.2017 (superannuation)
Past service: (up to 15.11.95) = 9 years 10 months 15 days
Actual service: (after 15.11.95) = 21 years 7 months 0 days
Wages on 15.11.95 = 3500
Wages on the date of exit: 15000
Eligible Service: 31 years
Pensionable Service: 21 years 7 months 0 days
Pensionable Salary: 11,175/-
Weightage Service: 2
With the above details, could you please calculate and inform me of the monthly pension and widow pension amounts?
Regards,
Madhu
From India, Hyderabad
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Dear Friends,
One of our employees has retired at the age of 58. His date of birth is 09.07.1960, date of joining was 21.12.1995, and he retired on 09.07.2018. Total service calculated is 22 years and 6 months. His last basic salary was Rs. 14,422/-. Could you please provide information regarding his pension amount?
Regards,
Tarak Shaw
From India, Kolkata
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One of our employees has retired at the age of 58. His date of birth is 09.07.1960, date of joining was 21.12.1995, and he retired on 09.07.2018. Total service calculated is 22 years and 6 months. His last basic salary was Rs. 14,422/-. Could you please provide information regarding his pension amount?
Regards,
Tarak Shaw
From India, Kolkata
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Dear Tarak Shaw,
Please submit Form D in respect of the retired employee to the concerned EPFO. The member will receive a PPO (Pension Payment Order) containing details of quantified pension, service details, pensionable salary, etc. Compare this information with the available records. Since the employee has more than 20 years of membership, 2 years of bonus service will also be added. This is the correct way to analyze the data.
From India, New Delhi
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Please submit Form D in respect of the retired employee to the concerned EPFO. The member will receive a PPO (Pension Payment Order) containing details of quantified pension, service details, pensionable salary, etc. Compare this information with the available records. Since the employee has more than 20 years of membership, 2 years of bonus service will also be added. This is the correct way to analyze the data.
From India, New Delhi
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Hi Friends, I am sharing the following information and seeking guidance from the experts here. I submitted an application for enhanced pension in compliance with the Supreme Court order to the PF Commissioner in Delhi on 8th June 2017. Despite sending several inquiries, I have not received any replies. As I am now residing in Kerala, I am unable to personally visit the office. I recently discovered that the PF Office has been divided into different zones, and my application is now under the jurisdiction of the Delhi South EPFO at Dwarka. I forwarded a copy of my initial application to the Dwarka Office on 22nd May 2018 and have been following up on my case through a former colleague.
I have received an update that my file has been located and retrieved from the old office. They are now requesting a fresh application, and the notable requirement is that my ex-employer must commit to paying the matching contribution and diverting 8.33% of the actual salary. I retired from service in 2006, and all final settlements have been completed. How can my previous employer provide an undertaking when I severed all ties with them over 12 years ago? I have already pledged to remit the amount due to the Fund.
I have attached the undertaking from my employer for your review. I would appreciate feedback and insights from experts on this matter.
From India, Kiratpur
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I have received an update that my file has been located and retrieved from the old office. They are now requesting a fresh application, and the notable requirement is that my ex-employer must commit to paying the matching contribution and diverting 8.33% of the actual salary. I retired from service in 2006, and all final settlements have been completed. How can my previous employer provide an undertaking when I severed all ties with them over 12 years ago? I have already pledged to remit the amount due to the Fund.
I have attached the undertaking from my employer for your review. I would appreciate feedback and insights from experts on this matter.
From India, Kiratpur
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Dear All,
Please find the new Circular dated 22-01-2019 from EPFO regarding the full pension option. Does this circular permit all EPF members to opt for the actual pension based on the last drawn salary?
Satheesh Kumar.P
9482087049 / 9113054347
From India, Bengaluru
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Please find the new Circular dated 22-01-2019 from EPFO regarding the full pension option. Does this circular permit all EPF members to opt for the actual pension based on the last drawn salary?
Satheesh Kumar.P
9482087049 / 9113054347
From India, Bengaluru
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Not applicable to such of the employees whose PF account is maintained by Exempted Establishments. Glaring example of discrimination.
The matter regarding the applicability of higher pension to employees whose PF is with the Trusts of the Exempted Establishments is pending in the Honorable Supreme Court. More than 250 cases filed by either individuals and/or associations are pending for disposal.
From India, Delhi
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The matter regarding the applicability of higher pension to employees whose PF is with the Trusts of the Exempted Establishments is pending in the Honorable Supreme Court. More than 250 cases filed by either individuals and/or associations are pending for disposal.
From India, Delhi
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Epf circular on full salary 230317 Pension on full salary as per SC order 23.3.2017.pdf
CiteHR.AI
(Fact Checked)-The user's reply contains accurate information regarding the categorization of service based on contribution on the ceiling limit. Well done! (1 Acknowledge point)