I worked in Delhi Transport corporation in April 1973 till 3.11.1978. Later joined TELCO Ltd from 06.11.78 to 30.06.84. finally Worked Ashok Leyland Ltd. from 09.07.1984 till retirement As Senior manager in February 2008.
With lots of follwup with my last employer CPFC Delhi, RPFC Chennai my provisionl pension disbursment started from sept 2009 with aconsideration of my service with A.L.Ltd. pending receipt of my previous service details from RPFC sub regional ofice Jamshedpur.
Later with great persuatiion thru personal resources, RTI etc. SRO Jamshedpur finaly sent my service details to RPFC Chennai, who in turn sent the details on their IDS format to RPFC Jaipur on 25.08.11. till December 11 nothing moved. After persuation with internal source revised PPO issued n january 2012. with revised origional pension as Rs 1673 & 1/3rd commutrd pension as Rs.558/- thus net pension as rs 1115/- only.
thru your forum I would like to know
whether
1. The calculated pension is correct. & how does it arrived?
2. How do we arrive at the salary as on date 15.11.1995?
3.How many years a pensioner will get this?
4. For calculating Commutation amount dept. has considered period of 100 months only. Is it Correct?
5. whether I am entitled to get interest for the delay?
Regards
From India, Jaipur
With lots of follwup with my last employer CPFC Delhi, RPFC Chennai my provisionl pension disbursment started from sept 2009 with aconsideration of my service with A.L.Ltd. pending receipt of my previous service details from RPFC sub regional ofice Jamshedpur.
Later with great persuatiion thru personal resources, RTI etc. SRO Jamshedpur finaly sent my service details to RPFC Chennai, who in turn sent the details on their IDS format to RPFC Jaipur on 25.08.11. till December 11 nothing moved. After persuation with internal source revised PPO issued n january 2012. with revised origional pension as Rs 1673 & 1/3rd commutrd pension as Rs.558/- thus net pension as rs 1115/- only.
thru your forum I would like to know
whether
1. The calculated pension is correct. & how does it arrived?
2. How do we arrive at the salary as on date 15.11.1995?
3.How many years a pensioner will get this?
4. For calculating Commutation amount dept. has considered period of 100 months only. Is it Correct?
5. whether I am entitled to get interest for the delay?
Regards
From India, Jaipur
Dear Singhal,
To calculate pension you have to provide the following additional details.
1. Date of Birth
2. Salary on 16.11.1995
3. Average salary of last twelve months.
Let me assume that your date of birth is 16.11.1950 and the salaries as Rs. 2501 and Rs. 6500(the celing salary) respectively.
Past service - 23 years (before 16.11.1995)
benefit - 170 - (1)
Multiplying factor, table B -2.826 - (2)
(1) x (2) = 480 -(3)
Pensionable service - 13 years (after 16.11.1995)
benefit - service x salary /70 = 13 x 6500 /70 = 1193 - (4)
Total pension - (3)+(4) = 1673.
commutation amount - 1673 /3 = 557.67 rounded to 558.
Now i answered the 1st question.
2. salary on 16.11.1995 will be already recorded with PF.
3. Pensioner will get pension till his death. Thereafter widow will get till her death or remarriage & two children (at a time) upto 25 years old.
4. As per the existing scheme, the calculation is correct.
5. If the delay is due to PF authorities' mistake, you may approach the concerned.
Abbas.P.S
From India, Bangalore
517To calculate pension you have to provide the following additional details.
1. Date of Birth
2. Salary on 16.11.1995
3. Average salary of last twelve months.
Let me assume that your date of birth is 16.11.1950 and the salaries as Rs. 2501 and Rs. 6500(the celing salary) respectively.
Past service - 23 years (before 16.11.1995)
benefit - 170 - (1)
Multiplying factor, table B -2.826 - (2)
(1) x (2) = 480 -(3)
Pensionable service - 13 years (after 16.11.1995)
benefit - service x salary /70 = 13 x 6500 /70 = 1193 - (4)
Total pension - (3)+(4) = 1673.
commutation amount - 1673 /3 = 557.67 rounded to 558.
Now i answered the 1st question.
2. salary on 16.11.1995 will be already recorded with PF.
3. Pensioner will get pension till his death. Thereafter widow will get till her death or remarriage & two children (at a time) upto 25 years old.
4. As per the existing scheme, the calculation is correct.
5. If the delay is due to PF authorities' mistake, you may approach the concerned.
Abbas.P.S
From India, Bangalore
Dear,
As required the details as reqiire by u as under
1. Date of Birth 07.021950
2. Salary on 16.11.1995 basic 4425 +DA 3159 = 7594
3. Average salary of last twelve months. Basic 20727+ DA 4200+ Sixth day 4260 + other allowances = gross 52499
I would like to inform that when I had joined M/s AL Ltd form 13 was filled. subsequently last employer transferred my PF to new PFsocity of AL Ltd in 1985. hence Iwas in the impression that my pension fund held by then Bihar RPFC sub regional office Jamshedpur to RPFC Chennai. I came to know this fact after nearly 15 months after retirement that my past service records are not available at RPFC Chennai. I furnished the copy of transfer of pension fund to jamshedpur & last service certificate issued by Last employer M/s TELCO ltd. but the department has not accepted the service details available with us.
Thus this is the delaying tactices by the department. what is your view on this delay of maintaining service records.
As shown above my actual salary for the purpose of PF on 16.11.1995 is Rs 7594 then how one can arrive salary as Rs 2501 as per your assumption.
regards
From India, Jaipur
As required the details as reqiire by u as under
1. Date of Birth 07.021950
2. Salary on 16.11.1995 basic 4425 +DA 3159 = 7594
3. Average salary of last twelve months. Basic 20727+ DA 4200+ Sixth day 4260 + other allowances = gross 52499
I would like to inform that when I had joined M/s AL Ltd form 13 was filled. subsequently last employer transferred my PF to new PFsocity of AL Ltd in 1985. hence Iwas in the impression that my pension fund held by then Bihar RPFC sub regional office Jamshedpur to RPFC Chennai. I came to know this fact after nearly 15 months after retirement that my past service records are not available at RPFC Chennai. I furnished the copy of transfer of pension fund to jamshedpur & last service certificate issued by Last employer M/s TELCO ltd. but the department has not accepted the service details available with us.
Thus this is the delaying tactices by the department. what is your view on this delay of maintaining service records.
As shown above my actual salary for the purpose of PF on 16.11.1995 is Rs 7594 then how one can arrive salary as Rs 2501 as per your assumption.
regards
From India, Jaipur
Dear Singhal,
Salary of Rs. 2501 and above on 16.11.1995 will have the same effect (even if it 7594 also). That is why I have taken it as 2501.
Similarly as the salary ceiling of PF is Rs. 6500, salary Of Rs. 52499 at the time of your retirement will be treated as 6500 only.
I feel you have an idea on the pension calculation that I quoted above.
Abbas.P.S
From India, Bangalore
Salary of Rs. 2501 and above on 16.11.1995 will have the same effect (even if it 7594 also). That is why I have taken it as 2501.
Similarly as the salary ceiling of PF is Rs. 6500, salary Of Rs. 52499 at the time of your retirement will be treated as 6500 only.
I feel you have an idea on the pension calculation that I quoted above.
Abbas.P.S
From India, Bangalore
Dear Singhal,
To calculate pension you have to provide the following additional details.
1. Date of Birth
2. Salary on 16.11.1995
3. Average salary of last twelve months.
Let me assume that your date of birth is 16.11.1950 and the salaries as Rs. 2501 and Rs. 6500(the celing salary) respectively.
Past service - 23 years (before 16.11.1995)
benefit - 170 - (1)
Multiplying factor, table B -2.826 - (2)
(1) x (2) = 480 -(3)
Pensionable service - 13 years (after 16.11.1995)
benefit - service x salary /70 = 13 x 6500 /70 = 1193 - (4)
Total pension - (3)+(4) = 1673.
commutation amount - 1673 /3 = 557.67 rounded to 558.
Now i answered the 1st question.
2. salary on 16.11.1995 will be already recorded with PF.
3. Pensioner will get pension till his death. Thereafter widow will get till her death or remarriage & two children (at a time) upto 25 years old.
4. As per the existing scheme, the calculation is correct.
5. If the delay is due to PF authorities' mistake, you may approach the concerned.
Abbas.P.S
From India, Bangalore
To calculate pension you have to provide the following additional details.
1. Date of Birth
2. Salary on 16.11.1995
3. Average salary of last twelve months.
Let me assume that your date of birth is 16.11.1950 and the salaries as Rs. 2501 and Rs. 6500(the celing salary) respectively.
Past service - 23 years (before 16.11.1995)
benefit - 170 - (1)
Multiplying factor, table B -2.826 - (2)
(1) x (2) = 480 -(3)
Pensionable service - 13 years (after 16.11.1995)
benefit - service x salary /70 = 13 x 6500 /70 = 1193 - (4)
Total pension - (3)+(4) = 1673.
commutation amount - 1673 /3 = 557.67 rounded to 558.
Now i answered the 1st question.
2. salary on 16.11.1995 will be already recorded with PF.
3. Pensioner will get pension till his death. Thereafter widow will get till her death or remarriage & two children (at a time) upto 25 years old.
4. As per the existing scheme, the calculation is correct.
5. If the delay is due to PF authorities' mistake, you may approach the concerned.
Abbas.P.S
From India, Bangalore
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PENSION CALCULATION.xls
PENSION CALCULATION.pdf
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