enchanced pension
What is enchanced pension. who can claim for it more
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my company is depositing maximum amount in epf from last 25 years. i am working since 1982. How much pension I can get. more
Dec 04
You are entitled to an enhanced pension if you were drawing salary exceeding Rs 6500 and paid your subscription to EPF through salary deduction. You can make differential subscription even after retirement in a lump sum for your actual service from the date you exceeded Rs 6500 as salary. By doing so the EPF can grant higher pension at the rate applicable to your actual salary at the time of retirement. The employer has to provide the needed details to EPFO case by case but the co-operation on the part of the employer is lacking. Any amount of request from the pensioner does not yield the desired result. The EPFO also does not exert pressure on the employer to furnish the details of the individual employees. The enhanced pension was made possible only by the supreme court direction and verdict. Despite that, the EPFO and the employers don't come forward to help the hapless pensioners in their ripe old age. The government's callous attitude does not allow to enhance the minimum pension at least to Rs 5000 from the present minimum of Rs 1000. (Even this minimum of Rs`1000 is not being paid in certain cases) In the above circumstances, we realize the need of having a national level pensioners association to deal with the situation. If there is already any such association, the details can be shared with the members of this circle for grievances redressal on the individual cases. more
Nov 27
