Dear Sir /Madam please tell me if a candidate is illegible for pension how many % pension will give him. From Amit
From India, New Delhi
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From India, New Delhi
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Good question. but can’t understand. Can you write your query in english?
From India, Lucknow
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660From India, Lucknow
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sir please tell me that if a candidate eligible for pension .how many percent (%) pension is given to him .what is the minimum rate of pension .
From India, New Delhi
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From India, New Delhi
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Dear Sir, just one spelling mistake doesn't make it wrong English or an entirely different language. First of all, English is not our first language. Secondly, much time would have been saved if you had provided the answer rather than writing something not relevant. The person who asks a question on the forum comes with great expectations and must be checking his post again and again to see if someone has answered his query. Please try to understand!
From India, Chandigarh
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From India, Chandigarh
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Dear Amit,
As per my knowledge, Pension is computed under PF only and the percentage is 8.33 %. For a clear understanding, please find below:
PF Contribution Rate
Employee (12%):-
12% of monthly basic is paid by the employee towards Provident Fund.
Employer (13.61%) :-
Employee Provident Fund 3.67% of monthly basic
EPF A/c Administrative charges 1.10% of monthly basic
Pension Fund 8.33% of monthly basic
Employee Deposit Link Insurance 0.5% of monthly basic
Administrative charges on EDLI 0.01% of monthly basic
Note:-
In the EPF deposit challan the amounts are to be mentioned in respect as under.
A/C No.1 – EPF [3.67% of employer share & 12% of employee contribution]
A/C No.2 – Administrative charges [1.1% of salary on which EPF deducted]
A/C No.10 – FPF [8.33% of employer share of contribution]
A/C No.21 – EDLI [0.5% of salary on which EPF deductions were made]
A/C No.22 – Administrative charges on EDLI [0.01% of salary on which EPF deductions were made].
From India, Chandigarh
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As per my knowledge, Pension is computed under PF only and the percentage is 8.33 %. For a clear understanding, please find below:
PF Contribution Rate
Employee (12%):-
12% of monthly basic is paid by the employee towards Provident Fund.
Employer (13.61%) :-
Employee Provident Fund 3.67% of monthly basic
EPF A/c Administrative charges 1.10% of monthly basic
Pension Fund 8.33% of monthly basic
Employee Deposit Link Insurance 0.5% of monthly basic
Administrative charges on EDLI 0.01% of monthly basic
Note:-
In the EPF deposit challan the amounts are to be mentioned in respect as under.
A/C No.1 – EPF [3.67% of employer share & 12% of employee contribution]
A/C No.2 – Administrative charges [1.1% of salary on which EPF deducted]
A/C No.10 – FPF [8.33% of employer share of contribution]
A/C No.21 – EDLI [0.5% of salary on which EPF deductions were made]
A/C No.22 – Administrative charges on EDLI [0.01% of salary on which EPF deductions were made].
From India, Chandigarh
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Dear Madam/sir But I can,t Understand the Percentage(%) of Pension Fund . please tell me how many %(Percent ) pension will give him after his completion period .
From India, New Delhi
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From India, New Delhi
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Dear Amit,
Your question is not clear. Whether you are interested in knowing how much pension the employee will receive after retirement or something else. If this is the case, the pension will be paid only after attaining the age of 58 years, subject to completing 10 years of pensionable service. The computation of pension has a formula that cannot be predicted now. It will be calculated based on the employee's service, pensionable salary at the time of joining, at the time of retirement, and age. All these factors are taken into consideration.
Currently, for those who have completed the pensionable service of 10 years and are members of the Pension Scheme 1995 (which is compulsory), assuming they have completed 14 years of pensionable service to date, the retired person will receive approximately Rs. 1300 to 1400 per month.
If you have any doubts, please ask in this thread with facts so that experts can provide suitable advice based on facts rather than presumption or assumption.
I hope this clarifies the matter for you.
Adoni Suguresh
Sr. Executive (Personnel, Admin & Ind. Rels) (Retired)
Labour Laws Consultant
From India, Bidar
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Your question is not clear. Whether you are interested in knowing how much pension the employee will receive after retirement or something else. If this is the case, the pension will be paid only after attaining the age of 58 years, subject to completing 10 years of pensionable service. The computation of pension has a formula that cannot be predicted now. It will be calculated based on the employee's service, pensionable salary at the time of joining, at the time of retirement, and age. All these factors are taken into consideration.
Currently, for those who have completed the pensionable service of 10 years and are members of the Pension Scheme 1995 (which is compulsory), assuming they have completed 14 years of pensionable service to date, the retired person will receive approximately Rs. 1300 to 1400 per month.
If you have any doubts, please ask in this thread with facts so that experts can provide suitable advice based on facts rather than presumption or assumption.
I hope this clarifies the matter for you.
Adoni Suguresh
Sr. Executive (Personnel, Admin & Ind. Rels) (Retired)
Labour Laws Consultant
From India, Bidar
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EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
EPF Pension.xls
Pension.doc