Supreme Court has given decision in favour of Pensioners wrt 1995 EPS rule.But Exempt Trust is not allowed to get the above benefit.
Worked in Mini Ratna PSU -M/s HCL
Salary: Basic:24000/-PM+CPSU DA) as on 1/1/1995 in E-II Scale.
Retired on Jan'2014 at age of 60Yrs. as E-IV
Pension eligibility:Feb 2012 and was Rs.1803/-
Present Pension: Rs.1969/-
In case same is allowed,how much I have to pay to EPF towards contribution.My details are as under.
Is there any software or ammortization chart.
From India, Mumbai
Worked in Mini Ratna PSU -M/s HCL
Salary: Basic:24000/-PM+CPSU DA) as on 1/1/1995 in E-II Scale.
Retired on Jan'2014 at age of 60Yrs. as E-IV
Pension eligibility:Feb 2012 and was Rs.1803/-
Present Pension: Rs.1969/-
In case same is allowed,how much I have to pay to EPF towards contribution.My details are as under.
Is there any software or ammortization chart.
From India, Mumbai
Forward application to concern and ask about remaining principal plus interest amount along with 3A by employer of said period... if you are continuously paying higher than ceiling wages from 95 to 01.09.2014... u are eligible ....
From India, undefined
95From India, undefined
Dear Sunnuji, EPFO has not extended the enhanced pension benefit as per Supreme Court order to the exempted trust PF members. This is a controversial decision and is hotly contested by the Exempted Trust members , many court cases have been filed and the final word on the matter is yet to come. Pension is calculated by the formula, pensionable salary multiplied by pensionable service divided by seventy and pensionable salary is the average of basic+DA of last 12 months of contribution to EPS. At any rate you can hope for pension of not less than Rs. 25,000/- pm if the demand is agreed.
From India, Mumbai
From India, Mumbai
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