Mr. Abbas ji,
Your contribution on PF Pension Scheme Calculator is ve useful, any one please see the below URL:
https://www.citehr.com/74122-pension...pf-scheme.html
Regards,
PBS KUMAR
From India, Kakinada
590Your contribution on PF Pension Scheme Calculator is ve useful, any one please see the below URL:
https://www.citehr.com/74122-pension...pf-scheme.html
Regards,
PBS KUMAR
From India, Kakinada
Thank you Mr. Kumar for bringing the PF Pension Calculator to the notice of our members. Presently there are lot of querries arising in the same subject.
I would like to thank Mr. Abbas too for giving elaborate calculation and the excel workbook.
From India, Kumbakonam
I would like to thank Mr. Abbas too for giving elaborate calculation and the excel workbook.
From India, Kumbakonam
Dear All
I am sorry to contradict the views expressed by Mr Abbas.
There is a distinction between PAST SERVICE & Pensionable SERVICE. Pensionable Service is from 11.1971 to 11/1995. Whereas Pensionable service is 11/1995 to the Date of leaving. The Past Service benefits are calculated as per Table B. whereas the Pension is calculated as per formula Last Pay(Pensionable Pay i.e. Max 6500/-) X no. of Years(Pensionable Service)/70. Therefore the Max years as on 1.1.2012 will be 16 years. The Past service is not calculated in Pensionable Service. I feel this will be helpfull to all. Any clarification?
From India, Jaipur
I am sorry to contradict the views expressed by Mr Abbas.
There is a distinction between PAST SERVICE & Pensionable SERVICE. Pensionable Service is from 11.1971 to 11/1995. Whereas Pensionable service is 11/1995 to the Date of leaving. The Past Service benefits are calculated as per Table B. whereas the Pension is calculated as per formula Last Pay(Pensionable Pay i.e. Max 6500/-) X no. of Years(Pensionable Service)/70. Therefore the Max years as on 1.1.2012 will be 16 years. The Past service is not calculated in Pensionable Service. I feel this will be helpfull to all. Any clarification?
From India, Jaipur
Past service and Pensionable service will not be added together. Only the benefits will be added to get the total pension. Secondly, Past service benefit is calculated as per the slab specified in section 12(3)(i)(b). Table B is regarding the multiplying factor. I think Mr. Satish Kumar Bhargava will be clear now.
Abbas.P.S
From India, Bangalore
Abbas.P.S
From India, Bangalore
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PF Calculator.xls
PF & Pension Amdmt Scheme 2010 for IW.pdf