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Pension formula - Average salary X No.of year service / 70? Why 70?


Dear all, Good noon,I have a small doubt in Pf Pension calculation formula.Pl elaborate the doubt i have - is Formula Average salary X No.of year service / 70. Why 70 is taken for dividing.
Regards
Prakash k
From India, Chennai
Anonymous
i am also waiting for this answer, if any one know kindly elaborate.
From India, New Delhi
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India, Chennai
09 December 2017 07.07.43 AM
Views: 1118 Replies: 1 Appreciations: 0
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