DESCRIPANCY IN CALCULATION OF PENSION

Signed 4/3000
Online Signatures: 4
To
REGIONAL COMMISSIONER
THIS WILL ALL EPF MEMBERS IF SORTED OUT.
The Petition was also marked to:
LABOR MINISTRY
 - 
myEPFJul 30
Sir,
I have also retired on 15 May 2018. EPFO has denied the enhanced pension saying it is applicable only for those who retired before 1 Sep 2014. I joined EPFO on 22 Sept. 2997 and my contributions are up to date with out interruption till 15 May 2018 at 12% of actual Basic+DA. They had deducting only Rs. 541 till 1 Sep 2014 and there after Rs. 1250 Per month towards EPS. My entire amount is with EPFO in case of enhanced pension they do not have to recover anything from me but deduct the higher amount from my accumulations, which they don't agree.

Not only that they are also not following the formula of Avarage Salary for last 60 Months presiding date of retirement. They are calculating in two parts total of 21+ years weightage i. 23 years toalt as follows:-

1. Average pensionable salary for 12 months presiding 1 Sept 2014 i.e. 6500/- and no. of years from 22 Sept. 1997 to 1 Sep 2014 i.e. 17 years.

6500*17/70 = 1578.5/-

2.Average pensionable salary 15000 for 45 months (from 1 Sep 2014 till 15 May 2018) and again 6500/- for 15 months presiding 1 Sep. 2014. Average comes out to be 12875/-

so 12875*(4 years + 2 years weightage)/70 =1104/-

Total pension they have calculated as 1578.5+1104 = Rs. 2682. Per month.
I strongly feel it is wrong at least they should consider in part and average salary of last 60 months, But they are saying they have the software to calculate in two parts and can not do any thing.

Now how to make these people understand?

Kindly suggest

ABDULRASHID SHAIKH EPFO MEMBER (GOA)
UAN 100449590887 more  
Jul 30

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