Dear Bavarva,
From the details furnished by you, you are entitled to get Rs. 1780/-. But there seems a difference of Rs. 93. This is equivalent to one year's pension, i.e 6500x1/70. Means there may be a break in service of around 3 months or more after 16.11.95.
Pensionable Service calculation is as follows
16.11.95 to 15.5.2009 = 13 years & 6 months, which has to be rounded up to 14 years. But as per PF records, they might have counted period prior to 15.5.2009. The reason for shortage of this service may be break in service or error in rounding up for the last 8 months. However the correct reason has to be obtained from EPF. If your employer is prompt, you can get the details from them also.
Abbas.P.S
From India, Bangalore
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552From the details furnished by you, you are entitled to get Rs. 1780/-. But there seems a difference of Rs. 93. This is equivalent to one year's pension, i.e 6500x1/70. Means there may be a break in service of around 3 months or more after 16.11.95.
Pensionable Service calculation is as follows
16.11.95 to 15.5.2009 = 13 years & 6 months, which has to be rounded up to 14 years. But as per PF records, they might have counted period prior to 15.5.2009. The reason for shortage of this service may be break in service or error in rounding up for the last 8 months. However the correct reason has to be obtained from EPF. If your employer is prompt, you can get the details from them also.
Abbas.P.S
From India, Bangalore
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DEAR ABBAS,
I HAVE RECEIVED THE ANSWER FROM A.P.F. COMMISSIONER SURAT. REGARDING MY APLICATION OF GETING LESS PENSION AS STATED IN EARLIER DISCUSSION.
IN THERE REPLY HE HAS GIVEN A REFERENCE OF H.O. LETTER NO. PENSION/A&C/I/2000/PIC/VOL.VI/90737 DT.: 19/02/2009. FOR FIXATION OF PENSION.
KINDLY GET DETAILS OF REFERED LETTER IF POSSIBLE. AND IF THERE IS ANY CLAUSE FOR CLEARIFICATION OF MY LESS PENSION THEN OK. OTHERWISE NOW WHERE i HAVE TO APROCH FOR RECTIFICATION, PEASE ADVISE.
G R BAVARVA
01-10-10.
COPY OF LETTER IS ATTACHED.
From India, Ahmadabad
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I HAVE RECEIVED THE ANSWER FROM A.P.F. COMMISSIONER SURAT. REGARDING MY APLICATION OF GETING LESS PENSION AS STATED IN EARLIER DISCUSSION.
IN THERE REPLY HE HAS GIVEN A REFERENCE OF H.O. LETTER NO. PENSION/A&C/I/2000/PIC/VOL.VI/90737 DT.: 19/02/2009. FOR FIXATION OF PENSION.
KINDLY GET DETAILS OF REFERED LETTER IF POSSIBLE. AND IF THERE IS ANY CLAUSE FOR CLEARIFICATION OF MY LESS PENSION THEN OK. OTHERWISE NOW WHERE i HAVE TO APROCH FOR RECTIFICATION, PEASE ADVISE.
G R BAVARVA
01-10-10.
COPY OF LETTER IS ATTACHED.
From India, Ahmadabad
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Dear Bavarva,
You had stated that your pension start on 6.8.2009. In my reply it was detailed that if the pension date is before 15.5.2009, the pensionable service will be 13 years and for on or after 15.5.2009 it will be 14 years.
But PF authorities has stated that the pension proceesing letter date is 19.2.2009. Accordingly one year less in sevice is justifiable.
For those continue in service, the service for pension will be taken upto the completion of 58 years (age). Please check whether this complies in your case. If yes, there is no room to register any complaint in this regard.
Abbas.P.S
From India, Bangalore
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You had stated that your pension start on 6.8.2009. In my reply it was detailed that if the pension date is before 15.5.2009, the pensionable service will be 13 years and for on or after 15.5.2009 it will be 14 years.
But PF authorities has stated that the pension proceesing letter date is 19.2.2009. Accordingly one year less in sevice is justifiable.
For those continue in service, the service for pension will be taken upto the completion of 58 years (age). Please check whether this complies in your case. If yes, there is no room to register any complaint in this regard.
Abbas.P.S
From India, Bangalore
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Dear ABBAS,
For Pension calculation, the following details are required:
1. Date of Birth: 11.09.1945
2. Date of Join in EPF: 16.11.95
3. Break in service before 16.11.95: Yes
4. Break in service after: No
5. Salary on 16.11.95: 10,000 Rs
6. Salary at the time of Exit: 18,000 Rs
Regards,
Santosh D. Patil
From India, Thane
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For Pension calculation, the following details are required:
1. Date of Birth: 11.09.1945
2. Date of Join in EPF: 16.11.95
3. Break in service before 16.11.95: Yes
4. Break in service after: No
5. Salary on 16.11.95: 10,000 Rs
6. Salary at the time of Exit: 18,000 Rs
Regards,
Santosh D. Patil
From India, Thane
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How many minimum employees needed into propritory firm for pension applicability
From India, Chennai
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From India, Chennai
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I am a member of the 1995 pension scheme and receive a pension of Rs 902/- per month from my retirement. I have heard that a new amendment has been introduced in the pension scheme. Can I receive additional pension? Who can guide me? Please send the reply to my email ID - nisaljayant@yahoo.com.
Jayant Nisal
nisaljayant@yahoo.com
Corporate Manager - HR/IR
7875757963
From India, Pune
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Jayant Nisal
nisaljayant@yahoo.com
Corporate Manager - HR/IR
7875757963
From India, Pune
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I am a member of EPS-95 Pension Scheme. My birth date is 03/07/1958. My date of joining EPF is 22/06/1974 and date of exit is 30/09/2009. Service before 15/11/1995 is 21 years, months, 25 days and service after 15/11/95 is 13 years, 10 months, 15 days. My eligible service is 35 years. Wages on 15/11/1995 were Rs. 4,500 and on the date of exit were Rs. 6,500. NCP days 0. I am getting a pension of Rs. 2,296 per month from 03/07/2016, and the type of pension is Superannuation. Weightage service factor 2. Is it the correct calculation of the pension? If it is correct, please explain it to me. I also heard that there is an amendment in EPS-95 Pension Scheme. The minimum pension will be Rs. 7,500. Is it true?
From India
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From India
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Dear All ++++++++++++++ Thanks for your inputs. Wish a happy and prosperous festival of lights, DIWALI +++++++++++++
From India, New Delhi
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From India, New Delhi
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Why is there no change to the pension? We have been receiving a pension of Rs 902/- for so many years. There is always a rumor that members of the 1995 scheme will receive a minimum pension of Rs 7500/- per month. Is this true? Who can provide the correct information?
Thanks,
Jayant Nisal
nisaljayant@yahoo.com
7875757963
From India, Pune
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Thanks,
Jayant Nisal
nisaljayant@yahoo.com
7875757963
From India, Pune
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