Dear All,
One of the employees of the company left on 01/05/2013 (date of leaving in Form No. 10); thereafter, he passed away on 19/09/2013.
My questions are:
- Is he eligible for a pension?
- Is he eligible for EDLI benefits?
Please guide.
Thanks,
Naresh
From India, Pune
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5One of the employees of the company left on 01/05/2013 (date of leaving in Form No. 10); thereafter, he passed away on 19/09/2013.
My questions are:
- Is he eligible for a pension?
- Is he eligible for EDLI benefits?
Please guide.
Thanks,
Naresh
From India, Pune
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Dear Naresh,
EDLI is not applicable in this case. Regarding pension, kindly provide the following details: Date of birth, Date of joining, salary on 16.11.95 (if applicable), average salary of the last twelve months, etc.
Abbas P.S
From India, Bangalore
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EDLI is not applicable in this case. Regarding pension, kindly provide the following details: Date of birth, Date of joining, salary on 16.11.95 (if applicable), average salary of the last twelve months, etc.
Abbas P.S
From India, Bangalore
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Dear Naresh, Kindly go through my above posting. EDLI will not be applicable. Regarding pension, kindly respond to all my queries. Abbas.P.S
From India, Bangalore
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From India, Bangalore
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Thanks Sir, The Date of Birth is 18/05/1980. The Date of Joining 25/07/2002. Average Salary for last 12 Months ( Basic + DA), Rs.9800+Rs.4700 = 14500. Warm Regards Naresh
From India, Pune
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From India, Pune
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Dear Naresh, The widow will get Rs. 2051 per month as pension. In addition two children will get Rs. 513 each. To get pension apply in form 10D. Abbas.P.S
From India, Bangalore
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From India, Bangalore
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If the employee died 4 months after he left your company, EDLI is not applicable as he was no longer working with you. With regard to the pension, it depends on how long he was working and whether he had adequate contributions to his PF account.
From India, Mumbai
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From India, Mumbai
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BREAKING NEWS
WAGE CEILING FOR PF COVERAGE TO BE RAISED TO RS. 15,000 per month
Also, a monthly pension of Rs. 1,000 per month
The Finance Ministry has approved a proposal to provide a minimum monthly pension of Rs. 1,000 to workers in the organized sector, benefiting 27 lakh pensioners immediately.
The ministry has also approved a proposal to raise the basic wage ceiling under the Employees Provident Fund Scheme to Rs. 15,000 from the existing Rs. 6,500 per month.
Currently, there are about 44 lakh pensioners. Of these, 27 lakh, including 5 lakh widows, receive less than Rs. 1,000 a month.
The government will provide an additional contribution of Rs. 1,217 crore to ensure the minimum monthly pension of Rs. 1,000 starting in 2014-15. Pensioners are expected to benefit from this starting April 1 this year.
Labour Minister Oscar Fernandes, however, is yet to decide whether the move requires Cabinet approval or not.
The Labour Ministry's proposal to provide a minimum monthly pension of Rs. 1,000 under the EPS-95, managed by the Employees' Provident Fund Organization (EPFO), has been pending for a long time.
Previously, the Labour Ministry had suggested that the government should increase the contribution to EPS-95 from 1.16 percent of the basic wage to 1.79 percent to ensure a minimum pension.
However, this proposal was not favored by the Finance Ministry as it would lead to a permanent increase in its contribution.
In its revised proposal, the Labour Ministry has asked the Finance Ministry to allocate around Rs. 1,217 crore additional funds every year, indicating that this amount could decrease over time as more members subscribe to EPS-95.
From India, Coimbatore
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WAGE CEILING FOR PF COVERAGE TO BE RAISED TO RS. 15,000 per month
Also, a monthly pension of Rs. 1,000 per month
The Finance Ministry has approved a proposal to provide a minimum monthly pension of Rs. 1,000 to workers in the organized sector, benefiting 27 lakh pensioners immediately.
The ministry has also approved a proposal to raise the basic wage ceiling under the Employees Provident Fund Scheme to Rs. 15,000 from the existing Rs. 6,500 per month.
Currently, there are about 44 lakh pensioners. Of these, 27 lakh, including 5 lakh widows, receive less than Rs. 1,000 a month.
The government will provide an additional contribution of Rs. 1,217 crore to ensure the minimum monthly pension of Rs. 1,000 starting in 2014-15. Pensioners are expected to benefit from this starting April 1 this year.
Labour Minister Oscar Fernandes, however, is yet to decide whether the move requires Cabinet approval or not.
The Labour Ministry's proposal to provide a minimum monthly pension of Rs. 1,000 under the EPS-95, managed by the Employees' Provident Fund Organization (EPFO), has been pending for a long time.
Previously, the Labour Ministry had suggested that the government should increase the contribution to EPS-95 from 1.16 percent of the basic wage to 1.79 percent to ensure a minimum pension.
However, this proposal was not favored by the Finance Ministry as it would lead to a permanent increase in its contribution.
In its revised proposal, the Labour Ministry has asked the Finance Ministry to allocate around Rs. 1,217 crore additional funds every year, indicating that this amount could decrease over time as more members subscribe to EPS-95.
From India, Coimbatore
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Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF