can I get feed back from some one on how pension is calculated?suppose if a employee has accumulated 10 lacs in his Pf account then how his pension will be calculated on monthly basis?will he get some cash also in hand after retirement? more
PF and EPS membership is different. your pension calculation is calculated on last 12 months salary (Pension wages- upto September 2014) and last five years average pension wages from September 2014 onwards (max salary 15000). And no cash in hand after retirement more
Please some experts confirm that for all EPF accounts holders same method is applicable for calculation of pension. Is it based on last drawn monthly basic or basic plus DA or avg of last few months or what? Will same amount be received each month till death of the accont holder? After death of the account holder will his/her wife/husband continue to receive the pension? After death of both what happens? Request exprts to pls clarify these for the benefit of many. more
sir, i am not clear, my clarification sought regarding how the pension calculation done for a person whose basic is 10000 da 3000 as of 1st nov-2015 from nov 1991 he is working and the age as of nov 2015 is 52 yrs, 2. our co-worked people who got retirement in june-2015 is getting only rs.2100/pm after retirement-60yrs as pension and what is the other type of pension say take our pension earlier or later of retirement,how the retirement money can be invested to help retired people which will be tension free and helpful and beneficial also.. more
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the ‘actual basic salary’ towards pens...
Dear Respectable Members, I am not sure what guidelines OR procedures to get higher pension from EPF/EPS. I am having only News paper information, that is 6th May 2023 as last date to su...
After recent retirement, I had applied for full PF-amount-release, which was subsequently shown as settled. On the EPF Portal, it shows as - "Your Claim [ Claim Id - xxx ] has been Settled. P...
Earlier I applied form 10D offline at RPFO cuddapah (AP) for pension claim on superannuation. There was no response for verification of scheme certificate for about 3yrs. Finally I could get verif...
On Monday, EPFO announced that all the eligible members of the provident fund body can now opt and apply jointly with their employers for higher pensions till May 3, 2023. Earlier, the deadline for...
MORE IMPORTANT IS RULE, APPLIED ON US FOR LATE PAYMENTS. EPFO ,LOOKS LIKE AN ADMINISTRATIVE INSTITUTION, NOT SERVICE SECTOR. THEY SHOULD PAY. WE SUFFER FOR LATE PAYMENT.THEY CARE FOR NONE.EVEN BAN...
When a payment for advance tax is made late, we have to pay a penal interest to the government. Here EPFO has delayed interest credit by 11 months. Shouldn't they be liable to...