BENEFITS OF PENSION SCHEME

a. An Employee is eligible for Pension after 10 years of service.

b. The Pension is payable on attaining the age of 58 years, whether he is in service or superannuated.

c. Early Pension at reduced rate can be availed on leaving the employment, after attaining the age of 50 years.

d. Where an employee is totally disabled and leaving service on account of disablement, Disablement Pension is allowed. No age and service stipulation to claim the pension. Every year, the pension quantum may increase.
e. Wherever the Pension claims are received three months before the date of superannuation, the Regional Provident Fund Commissioner will deliver the Pension Payment Order on the day of superannuation.

g. A Pensioner may nominate a person to receive a lumpsum amount after his death, as Return of Capital.

h. Family Pension is payable in case of death of a member:

  • after leaving the employment.
  • while in employment.
  • after drawing the pension

– Family Pension is payable even where the death occurs before 10 years of service. Thus, the minimum eligible service of 10 years is not applicable.

– On death of a pensioner. the Pension is automatically payable to the spouse (widow / widower).

– When a member dies as Bachelor or Spinster or where there is no spouse or children below 25 years, the Family Pension is payable to Nominee till his/her death.

– When there is no valid nomination, the Family Pension is payable to dependent father followed by dependent mother.

– In addition to Family Pension to Widow / Widower, Children below 25 years are also eligible for Pension simultaneously. It is payable to the married daughters also, below the age of 25 years.

– On death or re-marriage of widow / widower, Children will be given enhanced pension treating such children as Orphan.

– On behalf of the minor children the pension is payable to guardian.

– Any child in a family with total and permanent disablement will receive Children Pension till death.

– The pension can be drawn anywhere in India.

– The employees with less than 10 years of service on the day of superannuation may avail the benefit of withdrawal from Pension Fund. Where an employee has not served for 10 years on the date of leaving service, he may obtain a Scheme Certificate so as to continue his membership during un-employment period and the same can be used to count the previous service as and when he joins another establishment covered under the Act.

– The employees who have not contributed to the Employees’ Family Pension Scheme, 1971 can also join the Employees’ Pension Scheme before attaining the age of 58 years, at their option, after paying the contribution and interest upto-to-date.

– The Pension quantum is determined separately for the period of service from 1.3.1971 to 15.11.1995 as fixed amount. This is known as “Past Service” benefit.

– The Pension for the service rendered after 15.11.1995 is calculated through formula namely,

Pensionable Salary x Pensionable Service÷ 70

i. An employee on his superannuation is entitled for Pension (through the above formula) upto 60% of the pensionable salary. (Pensionable Salary would mean, the salary drawn by the employee for a period of 12 months prior to the date of superannuation).

Download EPF pension Calculator

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98 responses to “Download EPF pension Calculator”

  1. Rajesh mishra says:

    My dob 01/02/1958
    Date of joining in psu 23/04/1983
    Family pension member from 23/04/1983
    member in epf pension 95 from 16/11/1995
    Age 58 complete01/02/2016
    how much epf pension i will get after 58 year. Please reply.
    Regards
    RAJESH MISHRA

    • p s banerjee says:

      MY DOB 18.12.1959
      DOJ IN PF 01.09.1993
      IN NOV.1995 BASIC 1850/-
      DATE OF RETIREMENT 31.12.2017
      DEC.2017 BASIC SALARY 15000/-
      WHATIS MY PENSION AMOUNT

  2. R.K. Sharma says:

    My dob 30/03/1960
    Date of joining in psu 01/04/1979
    Family pension member from 01/04/1979
    member in epf pension 95 from 16/11/1995
    Age 58 complete 31/03/2018
    how much epf pension i will get after 58 year. Please reply.
    Regards
    R.K. Sharma

  3. KRISHNA MOHAN PRASAD says:

    Sir,I K M PRASAD joined HAL 0n 01/09/1965 and retired on 31/07/2003 .My date of birth is 20/07/1943
    At time of retirement Scale of pay and last pay drawn Basic pay Rs.14,050/-
    Dearness Allowance Rs. 5,873/-
    Koraput Allowance Rs. 300/-
    Total Rs 20,223/- (Rupees twenty thousand two hundred twenty three 0nly) My pension was fixed Rs.726/- only Mob.9972025604 ,Bangalore 560058

  4. VINAY KUMAR says:

    I AM WORKED NOV 1999 TO 2010 MY DATE OF BIRTH IS 10/01/1970. SALARY IS 15000/ PLEASE TELL ME ABOUT MY PENSION .

  5. PRAVEEN says:

    please tell me my pension amount

  6. PRAVEEN says:

    I AM WORKING SINCE JULY 1987. AND MY DATE OF BIRTH IS 10/08/1960. PLEASE TELL ME ABOUT MY PENSION SCHEME. MY CURRENT PENSIONABLE SALARY IS 15000/= PER MONTH

  7. Shantanu chaudhari says:

    I am EPF pensioner since 2012. I am running 63. Now I shifted my family from SOLAPUR to my son’s working place,JALGAON. It is not possible for me to go to bank at SOLAPUR easily as it is nearly 600 kms away. . So I want to transfer my pension account to JALGAON .
    Pl guide me the procedure for tranfer of pension account from SOLAPUR TO JALGAON.
    THANKS.
    Regards.

  8. savitaben r surani says:

    my date of birth 1965
    servise join 01-03-2002
    present salary 8000.00
    pention contribution up to april- 17 rs.59016.00

  9. Monoj dutta gupta says:

    l am Monoj dutta gupta.
    joinig-date-3/5/1998
    after 20year servis. how much panson monthly.
    my salary-10500.
    ples reply

    • RAMASAMY G says:

      Sir,
      I entered Employees Pension Scheme on 02.05.1997. Retired from service on 15.02.2017. My date of birth is 15.02.1959. My EPS contribution was Rs.542.00 i.e for basic salary of Rs.6500.00 from July 2005 to 31.08.2014. From 01.09.2014 to 28.02.2017 my EPS contribution was Rs.1250.00 i.e for basic salary of Rs.15000.00

      So I want to know what is my Pension amount?

      I expect your favorable reply at soon.

  10. Avijit Sarkar says:

    No-1. supriya das, D.O.B- 28.08.1961, D.O.J- 01.03.1990, D.O.R – 01.03.2016,
    No:2 abhijit sarkar D.O.B- 05.04.1963, D.O.J -09.08.1981, D.O.R -01.03.2016

    Pl calculate our pension

    Regards & Thanks,
    abhijit

  11. VENKATARAMAN says:

    Your pension amount will be pension amount Based on Rs. 6500/- per month based on service and pensionable amount for 10 years as the formula 6500*10/70 = 913/- . Earlier year for 21 year and 5 month around Rs.2500/- . Totally Rs. 3413/-. Roughly around Rs. 3500/- based the revised pensionable amount Rs. 15000/- was considered from last one year. Hence the total pensionable is very merger amount which will not be compensated the cost index of commodities and life. This has to be revised for the benefit the employee and society as whole.

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