Mr. Abbas Ji,
Your contribution on the PF Pension Scheme Calculator is very useful. Anyone interested, please see the following URL: https://www.citehr.com/74122-pension...pf-scheme.html
Regards,
PBS Kumar
From India, Kakinada
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592Your contribution on the PF Pension Scheme Calculator is very useful. Anyone interested, please see the following URL: https://www.citehr.com/74122-pension...pf-scheme.html
Regards,
PBS Kumar
From India, Kakinada
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Thank you, Mr. Kumar, for bringing the PF Pension Calculator to the notice of our members. Presently, there are a lot of queries arising on the same subject.
I would also like to thank Mr. Abbas for providing detailed calculations and the Excel workbook.
From India, Kumbakonam
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I would also like to thank Mr. Abbas for providing detailed calculations and the Excel workbook.
From India, Kumbakonam
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Dear All,
I am sorry to contradict the views expressed by Mr. Abbas. There is a distinction between PAST SERVICE and Pensionable SERVICE. Pensionable Service is from 11.1971 to 11/1995, whereas Pensionable service is from 11/1995 to the Date of leaving. The Past Service benefits are calculated as per Table B, whereas the Pension is calculated as per the formula: Last Pay (Pensionable Pay i.e. Max 6500/-) multiplied by the number of Years (Pensionable Service) divided by 70. Therefore, the maximum years as of 1.1.2012 will be 16 years. The Past service is not calculated in Pensionable Service. I feel this will be helpful to all. Any clarification?
From India, Jaipur
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I am sorry to contradict the views expressed by Mr. Abbas. There is a distinction between PAST SERVICE and Pensionable SERVICE. Pensionable Service is from 11.1971 to 11/1995, whereas Pensionable service is from 11/1995 to the Date of leaving. The Past Service benefits are calculated as per Table B, whereas the Pension is calculated as per the formula: Last Pay (Pensionable Pay i.e. Max 6500/-) multiplied by the number of Years (Pensionable Service) divided by 70. Therefore, the maximum years as of 1.1.2012 will be 16 years. The Past service is not calculated in Pensionable Service. I feel this will be helpful to all. Any clarification?
From India, Jaipur
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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
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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
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