Dear sir
My Name is Sanjay Patki. I am working in Philips india ltd Vadodara. In last year in July i completed 58 years on 10.07.2014
So as per govt circular i want to take pension ( still in service ) at present .kindly what is formula for this .
Mry Toatl service is 32 years . if required i what other information required
my mobile no 09825137883
From Hong Kong, Central District
1My Name is Sanjay Patki. I am working in Philips india ltd Vadodara. In last year in July i completed 58 years on 10.07.2014
So as per govt circular i want to take pension ( still in service ) at present .kindly what is formula for this .
Mry Toatl service is 32 years . if required i what other information required
my mobile no 09825137883
From Hong Kong, Central District
Refrence to above matter My name is sanjay Patki Iam working in Philips india ltd Vadodara . In July 2014 i have completed 58 years. ( Still in service tilll 60 Years completed ) as per govet rule i want to claim pension . so kindly let me know how the pension calculte . or pl help me to calculte the pension. also confirm what details you required for calculate the pension
My total service is 32 years In pension scheme starts from 1995 is 19 years . Basic salary is 10550 Rs /month
From Hong Kong, Central District
My total service is 32 years In pension scheme starts from 1995 is 19 years . Basic salary is 10550 Rs /month
From Hong Kong, Central District
Dear G301 VED RESIDENCY,
You neither furnished the Date of Birth nor the joining date. But from other details, I shall provide an approximate figure.
For service up to 15.11.1995, pension will be 105x4.152 = 436 - (A)
From 16.11.1995 to 15.7.2014, pension will be 18.66 x 6500/70 = 1733 - (B)
Total pension (A) + (B) = 436+1733 = 2169
Note : Even though your basic salary is 10550, ceiling limit in July is 6500 and accordingly the calculation is done.
Abbas.P.S
From India, Bangalore
You neither furnished the Date of Birth nor the joining date. But from other details, I shall provide an approximate figure.
For service up to 15.11.1995, pension will be 105x4.152 = 436 - (A)
From 16.11.1995 to 15.7.2014, pension will be 18.66 x 6500/70 = 1733 - (B)
Total pension (A) + (B) = 436+1733 = 2169
Note : Even though your basic salary is 10550, ceiling limit in July is 6500 and accordingly the calculation is done.
Abbas.P.S
From India, Bangalore
Dear Sir,
As you described above about pension calculation, i have some query -
(A)For service up to 15.11.1995, pension will be 105x4.152 = 436 - (A)
(B)From 16.11.1995 to 15.7.2014, pension will be 18.66 x 6500/70 = 1733 - (B)
query - 1. I understand point B but not understand point A
2. In point B 18.66 is the service period but now we know limit is 15000 then it would be 18.66x15000/70=3998 ??
Kindly guide
Regards,
Ashutosh Jain
From United States,
As you described above about pension calculation, i have some query -
(A)For service up to 15.11.1995, pension will be 105x4.152 = 436 - (A)
(B)From 16.11.1995 to 15.7.2014, pension will be 18.66 x 6500/70 = 1733 - (B)
query - 1. I understand point B but not understand point A
2. In point B 18.66 is the service period but now we know limit is 15000 then it would be 18.66x15000/70=3998 ??
Kindly guide
Regards,
Ashutosh Jain
From United States,
Dear Ashutosh Jain,
1. For period up to 15.11.1995, compensation is Rs. 105 for 12 to 15 years; provided salary is above Rs. 2500. This amount is for those attain 58 years on 16.11.1995. After this interest will be paid in form of Table B. This factor is 4.152.
2. Pensionable salary is average of last 60 months. For those attain 58 years now, average salary will be ((6500x54)+(15000x6))/60 = 7350. But here salary is 10550 only. Accordingly pensionable salary will also be reduced.
Abbas.P.S
From India, Bangalore
1. For period up to 15.11.1995, compensation is Rs. 105 for 12 to 15 years; provided salary is above Rs. 2500. This amount is for those attain 58 years on 16.11.1995. After this interest will be paid in form of Table B. This factor is 4.152.
2. Pensionable salary is average of last 60 months. For those attain 58 years now, average salary will be ((6500x54)+(15000x6))/60 = 7350. But here salary is 10550 only. Accordingly pensionable salary will also be reduced.
Abbas.P.S
From India, Bangalore
Dear sir i am retired by 1st July in superannusion scheme when my Pension calculate pensionable salary was consididerd 6500 Rs./Month
You know that celeing limit was increase on 1 st september That is 15000/- Now my pension is finalised Rs 2266/per .
When the celeing limit increas on september 1 st ( My basic salary 10510/month) i want to clearify that for July to onwards t they have consider pensionable salary
6500 . When celinf increase by 1 st september when celeing increase my pensionable salary 10510 but they consider pensionable salary 6500 pl advice is it correct .
july /august 6500 ( on this amount i have received pension )
should be september to onward 10510
It shoud be as above Pl help pf authority is not helping in this issue
With regards
Sanjay Patki
From Hong Kong, Central District
You know that celeing limit was increase on 1 st september That is 15000/- Now my pension is finalised Rs 2266/per .
When the celeing limit increas on september 1 st ( My basic salary 10510/month) i want to clearify that for July to onwards t they have consider pensionable salary
6500 . When celinf increase by 1 st september when celeing increase my pensionable salary 10510 but they consider pensionable salary 6500 pl advice is it correct .
july /august 6500 ( on this amount i have received pension )
should be september to onward 10510
It shoud be as above Pl help pf authority is not helping in this issue
With regards
Sanjay Patki
From Hong Kong, Central District
Dear Mr. ABBAS,
Please guide me for some quaries also -
1. if i will left the company after the service of 10 years and i want to transfer my PF and Pension amount to the next company. For this i have to fill only form 13 or i have to fill form 13 and 10c both.
2. if i will left the company after the service of less then ten years. Then only form 13 is sufficiant to transfer the PF and Pension amount in new compant. Kindly guide.
Regards,
Ashutosh Jain
From United States,
Please guide me for some quaries also -
1. if i will left the company after the service of 10 years and i want to transfer my PF and Pension amount to the next company. For this i have to fill only form 13 or i have to fill form 13 and 10c both.
2. if i will left the company after the service of less then ten years. Then only form 13 is sufficiant to transfer the PF and Pension amount in new compant. Kindly guide.
Regards,
Ashutosh Jain
From United States,
Dear Sanjay Patki, To calculate pension, the following details are also required. 1) Date of birth 2) Date of join 3) Salary on 16.11.1995 (Whether it is below or above Rs. 2500) Abbas.P.S
From India, Bangalore
From India, Bangalore
In both cases form 13 will do for transfer of PF & pension. You may also fill form 10 C to get scheme certificate in both cases. Abbas.P.S
From India, Bangalore
From India, Bangalore
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