Dear Sir,
I am working in a sugar industry. As per practice, our company contributed 8.33% of basic or Rs. 541/- which ever is lesser in Employee Pension Fund. But few days ago, I read the article of Mr. Prabhakar Sinha ji published in Times of India, which is handed over to me by some one. As per this, I done some exercise in excel and come to know that an employee can get more enough pension if 8.33% of basic goes to EPS.
In this regard, I searched on net and found a circular of Mr. Rajesh Bansal, Addl. Central P. F. Commissioner (Pension) issued to all RPFC of Regional Offices / Sub Regional Offices. In the circular, Mr. Bansal described in brief on the subject “Contribution on salary exceeding the statutory limit (Para 11(3)) of EPS-95.
Can anybody help me and clarify that how we can contribute 8.33% of basic in EPS in present scenario? It will be help me a lot if your good selves answer on my mail ID also.
Thanks & Regards
Vivek Kumar Singh
+919412326849
vksingh_
From India, Delhi
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I am working in a sugar industry. As per practice, our company contributed 8.33% of basic or Rs. 541/- which ever is lesser in Employee Pension Fund. But few days ago, I read the article of Mr. Prabhakar Sinha ji published in Times of India, which is handed over to me by some one. As per this, I done some exercise in excel and come to know that an employee can get more enough pension if 8.33% of basic goes to EPS.
In this regard, I searched on net and found a circular of Mr. Rajesh Bansal, Addl. Central P. F. Commissioner (Pension) issued to all RPFC of Regional Offices / Sub Regional Offices. In the circular, Mr. Bansal described in brief on the subject “Contribution on salary exceeding the statutory limit (Para 11(3)) of EPS-95.
Can anybody help me and clarify that how we can contribute 8.33% of basic in EPS in present scenario? It will be help me a lot if your good selves answer on my mail ID also.
Thanks & Regards
Vivek Kumar Singh
+919412326849
vksingh_
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sir,
In regard to the above query, I am attaching an article by Mr. Sinha, an exercise in an Excel sheet, and a circular by Mr. Rajesh Bansal for your reference, please.
I am hoping for your valuable comments on the above-mentioned issue as this will be beneficial to everyone.
Thanks & Regards,
Vivek
From India, Delhi
Acknowledge(0)Amend(0)
In regard to the above query, I am attaching an article by Mr. Sinha, an exercise in an Excel sheet, and a circular by Mr. Rajesh Bansal for your reference, please.
I am hoping for your valuable comments on the above-mentioned issue as this will be beneficial to everyone.
Thanks & Regards,
Vivek
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sir,
Thank you for the appreciation. However, my query is still pending. The concerned RPFC is not agreeing to do this. In this regard, I have also inquired through RTI.
I request all CiteHR members to share their valuable comments so that we can effectively approach the RPFC.
Thanks & regards,
Vivek
From India, Delhi
Acknowledge(0)Amend(0)
Thank you for the appreciation. However, my query is still pending. The concerned RPFC is not agreeing to do this. In this regard, I have also inquired through RTI.
I request all CiteHR members to share their valuable comments so that we can effectively approach the RPFC.
Thanks & regards,
Vivek
From India, Delhi
Acknowledge(0)Amend(0)
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PF Pension fund contribution beyond 58 years of age.pdf