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
Hi,
I joined in service in 1 st Nov 1994, My age is 48 yrs (DOB 21.11.1966), and my basic Rs.60000 per month,
I would like to take retirement and I want take pension from age of 50 years
please calculated my pension
Resigned service on with notice period company accepted on notice day given notice pay salalry total service 19 years earlier service 7 years out of that 6 years contribution withdran so one year earlier service what will be the monthly pension total servics 20 yrs pensionable sal was 6500 now i am 51 yrs completed plz inform pen amt
Hi,
My basic salary is Rs. 1,05,000 (One lakh & five thousand) per month. My PF contribution started from June 2003. If i get retired now, Let me know how much pension i will be receiving once i reach 58.
Thanks
Sunil
Dear Sir
my current basic is 23000 pm, and doing contribution since 01/05/1999 continuously. please let me know what monthly pension I will get if I take VRS at this movement.
Regards
Vinay Joshi
Dear sir,
I have attained super annuation on 11-10-2009. But, I am still in service and PF is deducted from salary. Would like to know the eligibility pension at present and also if I leave the service after some time.
Pl reply.
Thanks
If pentioner spouse dies, will it effect monthly tention?
For a pentioner, if spouse dies will it effect monthly pention ?
EPF pension is now increased to 15000 w.e.f. 1.9.2014. I am working in MTNL and come under EPF scheme w.e.f. 01.11.1998 and will retire on 31.10.2019. I would request you to please intimate the pension payable to me on retirement.
Thanking you in advance.
LK Bhat
Now EPF Pension increase 6500 to 15000 wef 1.9.2014. my DOB 10.10.1959 & date of joining 01/11/1998 in MTNL and will retire on 31.10.2019 . Kindly intimate me Pension on my retirement.
d/sir
pl send us the EPF pension calculation sheet work in private sect. Bhiwadi (Raj
sir,
Please tell me how the pensionable salary will be calculated if a person is retiring on 20/2/2017 and his joining date of service is 19/02/2007. As per new scheme i.e after increasing 6500 to 11000
i want to know the answer for my question.please.
I am going to retire in January, 2017 after attaining the age of superannuation. Please provide me EPF pension calaculator, so that I am be able to know what amount of pension I will get after my retirement.
ShKti.
pension scheme has change on 9.5 years for age of 58.
pension scheme minimum for rs:1000 for Go passed on 2014.
epf to be change 6500-15000 for 2014 onward.
Dear sir,
I am working in Private concern for last 18 years. I am at age of 43 as of now and my basic salary is more than 50,000/ per month. Could you please let me know that how much pension I would get at age of 58 also let me know that how it would differ
in case my job is finished in next 1-2 years
also if there is no credit in my pension found in the remaining years.
Currently my pension fund is around 1,10,000/
Regards
Manish Gupta
M-9871172956
If the salary (Basic + DA ) is Less than Rs.6500/- whether he is eligible for Employers contribution or not?
If somebody draws more than Rs.15000/- (Basic + DA) whether he is eligible for PF contribution or not ? if yes whether he is eligible for pension?
i will retire on 31-01-2015 .previously my penssionble salary was 6500/.now my penssionable salary is 15000/. i am working since 35 years. how much monthly salary i will get
how to calculate pf pension on rise of pf ceiling from 6500 to 15000
My PF DEDUCTIONS STARTED IN 1979. I retired at the age of 58 years reached on 19/10/2014. After enhanced the PF ceiling to 15000/- how much monthly PF pension I will get
Please reply. Shall I withdraw the my pention fund accumulation by avoiding the epfo mention. Pl reply to my mail ID
how to calculate pension after 01/12/2000 and pf ded on 6500/-@ 780/-per month dob 28/02/1958
Respected sir,
What is the method of epf pension schem. Please send me epf pension calculator.
regards
kindly calculate my pension, date of joining 03.01.2005 DOB 16.11.1966 basic amount is 22672
i m epf i am joind service in 1982 dec. and ritaired 2016 feb. how much get penson. benifit.
sir, please tell me how the pensionable salary will be calculated if a person is retiring on 31/7/2017. as per new scheme i.e after increasing 6500 to 15000
i want to know the answer for my question.please.
as per the latest GO WHAT IS THE MINIMUM PENSION,AND HOW EVERY PENSIONER IS Being benefited?please provide copy of the GO.
Sir,
I worked with Madura Coats Ltd. From 3.11.1980 .Our division was sold to Aditya birla group in the year 2000 and I became part of Aditya Birla group. I retired from ABNL at the end of 2012. The company has not processed my pension till now for want of details from Madura Coats.I request you how this can be resolved and what will be my pension eligibility.
V.P.PATEL,ENGINEER,GSECL,GTPS,GANDHINAGAR
sir, please tell me how the pensionable salary will be calculated if a person is retiring on 28/2/2015. as per new scheme i.e after increasing 6500 to 15000
i want to know the answer for my question.please.
Dear Sir,
I has worked in a Factory from 1996 to 2006 how I can check my provident fund status report.
sir, please tell me how the pensionable salary will be calculated if a person is retiring on 3/5/2017. as per new scheme i.e after increasing 6500 to 15000
i want to know the answer for j j vargees’ s question.please.
sir, please tell me how the pensionable salary will be calculated if a person is retiring on 3/5/2017. as per new scheme i.e after increasing 6500 to 15000
Dear Sir,
My name is J J Varghese, DOB is 20.05.1960 and my date of joining in a company is 01.04.1997. Till 01.09.2014, my basic was Rs.6500/- for PF deduction. Presently my basic wages is more than Rs.15,000/- and deducting PF from Rs.15000/-. My remaining service is 48 months only. How my pension is calculated? (is it 12 months @6500/- and 48 month @15000/- to arrive 60 month or any other method?) How much amount I will get as a pension after my retirement at 58 years as per Employee Provident fund sceme. Please clarify.
Dear sir
I am very much interested to know how to calculate the Average salary for pensionable salary such as if any body retire on Dec 2017 his basic is 6500 till August 2014 and after ist sept 2014 his basic is Rs 15000/- PM
please let us know whether this calculation is total of 60 month salary and divided by 60 then Average Salary or any other procedure of calculation ?
thanks
shashikant sharma
Sir – My brother was working for an private organizaton in chennai, and he was AGM(IT) and was drawing salary more than a lakh, his basic salary was 54000 as fo 01/11/2014, he passed due to brief illness last year on the same date, and also would like to say that he had withdrawn pf of Rs. 3lac.
i would like to know that how much pf would be get and pesion receivable for his fmly.
dear Sir,
I,k.p.saxena,is a epfo pension holder from the age of 50 years on reduced mode,now attained the age of 58 years[27.02.1955].now when Ican get my full pension[basic was more than 6500 at the time of joining].Reply needed,Thanks.
Dear Sir,
My name is N Raghothaman, DOB is 22.02.1957 and my date of joining in a company is 01.02.1980. At present my basic wages from last four years are Rs.12,500/-. How much amount I will get as a pension after my retirement as per Employee Provident fund sceme.
Pls help us.
as per the eps calculation I have to get rs 2075 as pension but I am getting rs 2024 only. What would be the reason for the difference.
Dear This is a very good calculation you are requested to please develop as per revised wages limit effective from 01/09/2014
please also give some examples which crossing calculation period old scheme to new scheme such as calculation on Avg of 60 month 25 months in old scheme and 35 months in new scheme with past service benefits and current pension calculations etc
thanks
Shaahsikant sharma
From 01-Sep-2014 onwards EPF contribution is modified i.e., Ra.15000 from Rs.6500.please develop a Calculator based on new limit which is w.e.f:01-Sep-2014.
kindly give what receivable pension at the time retirement & after 10 yrs
dt.of birth 1.1.1973
dt of joining 05.09.2005
My date of birth is 21.03.1958 and I have joined in service at adityabirla Group on 01.07.2082 and Pf deducted from me from 01.09.1982. I will retire on 21.03.2018 on completion of 60years.
Kindly apprise how much amount of pension will be payable to me from April2016(ie after completion of 58years)?
MY DOB IS 17/05/1980 .I AM AN EMPLOYEE OF WESCO LTD,ODISHA,MY PF DEDUCTION IS 2300/- P.M .HOW MUCH PENSION WILL I GET IF I RETIRES ON 31.05.2038.
Dear Amit ji,
From 01-Sep-2014 onwards EPF contribution is modified i.e., Ra.15000 from Rs.6500. Will you please develop a Calculator based on new limit which is w.e.f:01-Sep-2014.
kindly give what receivable pension at the time retirement
dt.of birth 10.10.1961
dt of joining 01.01.1983
My date of birth is 15/04/1965. Date of joining in MTNL on 01/11/1998 & EPF contribution is 541 from the same day . Pension kindly be intimated .
Kindly intimate EPF pension which is increased 15000 Rs. from 6500 Rs . I Joined in MTNL w.e.f 1/11/1998. My Date of Birth is 15/04/1965.
Looking forward for earliest reply.
Now EPF Pension increase 6500 to 15000 wef 1.9.2014. my DOB 15.4.1565 & date of joining 01/11/1998 in MTNL . Kindly intimate me Pension on my retirement and deducted -epf .
please send epf pension calculator
What is the method of epf deduction for the employer comes under CTS mentioned in appointment letter Of teachers.
Now amount incress 6500 to 15000 wef 1.9.2014. my DOB 13.5.1956 & date of joining 24.2.1984.new limit benifit or not.
Dear Amit ji,
From 01-Sep-2014 onwards EPF contribution is modified i.e., Ra.15000 from Rs.6500.
Will you please develop a Calculator based on new limit which is w.e.f:01-Sep-2014.
FPF should be transfered alongwith EPF amount when an employee joins a new organisation, particularly when the trusts of establishments maintain.
I worked for Lakhanpal National Ltd. & Henkel Spic India Ltd. both have maintained EPF by respective trusts but when I joined Bommidala Filaments Ltd. my EPF amount was transfeed to EPFO, Guntur and not FPF by Henkel Spic India Ltd. is closed. my EPF no. PDY/654/290, I am unable to get scheme certificate from EPFO Guntur for the services rendered in the prior 2 companies.
Please advise.