Dear Friend,
May be showing Pension balance started recently.
I just read as under:
While calculating Pensionable Salary we have to take the average of monthly pay drawn during 60 months preceding the date of cessation of membership. As of 1st April 2019, the Pensionable Salary is to be calculated on last 12 months salary.
You can take up your grievance with ‘NIDHI AAPKE NIKAT’.
From India, Mumbai
183May be showing Pension balance started recently.
I just read as under:
While calculating Pensionable Salary we have to take the average of monthly pay drawn during 60 months preceding the date of cessation of membership. As of 1st April 2019, the Pensionable Salary is to be calculated on last 12 months salary.
You can take up your grievance with ‘NIDHI AAPKE NIKAT’.
From India, Mumbai
As per the EPS Scheme, you were contributing only Rs. 1250 per month (reckoned on a pensionable salary of Rs. 15,000 which has been the ceiling amount) to the EPS corpus which for 4.7 years works out to Rs. 68750. This is what your passbook is revealing. Now since you have foreclosed the scheme before completing the minimum eligibility of 10 year service, they are to return the contribution as per Table D. So it has to be Rs. 15000 X 5.02 = 75,300 but payment of Rs. 45 K means there is something amiss. If your EPS corpus is Rs 68750 then you definitely has a case for additional amount
From India, Mumbai
From India, Mumbai