EPFO Pension Calculation Formula - Official FAQ | Higher Pension | Every Paisa Matters
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- Опубліковано 2 жов 2023
- EPFO has recently shared the Pension Calculation Formula via its official FAQ document where cases of Higher Pension have been discussed. In this document, EPFO has shared various scenarios around how the amount of Higher Pension will be calculated. EPF office has taken 2 key parameters into consideration namely Retirement Date and Pension Start Date for calculation of Pension.
This video provides clarity around the formula for Higher Pension Calculation in a simple and easy to understand format.
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EPFO should demand net amount i.e. amount due minus arrears, as most of the pensioners have already used the of amount and they have to now borrow money to pay amount demanded.
Very good video thanks sir
Thank you sir for this useful information my dad has retired at the age of 47 and he is currently 51 so now he will get arrear from 47 or 50 as eps pension minimum age is 50
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EPFO should be cleared with examples for pension not only one line statement which creates very very confusion
Thanks for this informative video. If the answers in the FAQ are in accordance with the EPFO approved guidelines, I think the pro-rata formula would not be applicable to persons retiring at 58 years after 1st September 2014 in line with answers at question no(s) 5, 6 & 7
Bhai sab aap ne kaha Jai se Govt( EPFO) pension Dena hi nahi chaati hai. Esiliye A log date extension karte Jaa Rahi hai. Jitna pensioners khaali hoota hai hoone do.
Hello sir
I have a question regarding what is the benefit of delaying the EPS pension?
मैं 30 जून 2016 को 58 साल पूरा करने के साथ ही जुलाई 2016 से पेंशन लेना शुरू कर दिया था और मुझे 2597/- प्रति माह पेंशन मिल रही है l पेंशन लेने के साथ ही मैं जून 2018 को साठ साल पूरा करने के बाद रिटायर हो गया l अब मुझे इस व्यवस्था के अनुसार कितनी पेंशन मिलेगी l
Hi Amit can you please clarify what happens when the demand letter is shared and employee does not take action on the demand ltter by stipulated time frame would it be considered that the joint application has lapsed and employee is not eligible for higher EPS or has not opted for higher EPS
Sir, very nice vdo.
I would like to know that my higher pension application is not approved by my previous employer as that company is closed.
What are possible options for me now to get higher pension.
@EveryPaisaMatters Thanks for your informative videos. My employer has approved my higher pension is it now pending at EPFO office for more than 3 weeks. What is the expected usual time for approval from EPFO office and next steps to keep in mind?
मूल प्रश्न अभी भी अनुत्तरित है कि epfo ऐसे प्रकरणों को हायर पेन्शन देने में डिले क्यों कर रहा है जिनमें सारी औपचारिकताएं पूर्ण हो चुकी हैं। क्या हायर पेंशन शुरू करने के लिए epfo हेड ऑफिस अलग से कोई निर्देश जारी करेगा। अभी तक हेड आफिस ने डिमांड लेटर जारी करने के ही निर्देश दिए हैं। क्या ऐसे किन्हीं निर्देशों के अभाव में हायर पेन्शन देना प्रारम्भ नहीं किया जा रहा है?
Amit ji, can you find out when this FAQ was uploaded in EPFO site though it is dated 17.6.2023 ? There is glaring difference in the FAQ and Para 1 & 2 under FPS 1995 which was the basis for computation of pension for Srikanta Sahoo vide Rourkela EPFO office order dt 27.7.23. Apparently the referred FAQ is not correct wrt computation of pension without pro rata basis. Can this be clarified by you or any other person conversant in this regard
I think the new higher pension scheme is an excellent scheme with unconditional promise of lifetime pension based on the new for formula of 60 months average salary.
Thanks for useful post. If one of the many Employers has ceiling limit then are you eligible for H Pension ? Will pro rata pension will be given ?
If one of the Employer who has PF defaults unilaterally employs ceiling limit to reduce liability post facto and the matter is pending before PF Tribunal then can EPFO reject the appn or will it be pro rate ?
Thanks
I have already got the pension on low rate and I have already paid the Demand letter amount on 30/9/2023. Can we assume when the Higher Pension will be available through revised PPO?
Hallo sir,my employer sent wrong salary and contribution Amount to epfo what i can do
Is there any further chance to apply for high pension scheme
Sir mai ne security guard me 9yers 3month service kya hu me re ko pension mil jayega kripa bata ne ka
A p m media aapke jariye appeal kartahun ke Higher penssion ke liye jo bhi extra contributions employee ko dena hai ,usipe interests nahi lagega.Rahibat higher penssion ke different arrears pe interests nahi dega.
There is apparent contradiction of the FAQ dt 27.6.2023 with Para 12 (1) & (2) of Employees Pension Scheme 1995 , outlining the formula for computation of pension unless this has been amended which may be verified
Abhi tak demand letter nahi aaya h kitne din lag jayege pata nahi interest amount badhta ja raha h
Hello Sir, One again nice video, it helps a lot to us.
Just wanted to ask, does this demand letter from EPFO, will come to everyone OR only to people who have to pay some amount to EPFO and for rest they will deduct automatically from their EPF fund ? Thanks
Everyone and you will have to give your consent. BTW Subscribe kiya na?
Presently Pension of pre 01-09-2014 is on prorata basis. These pensioners have not been able to apply for higher pension. Now will the pensionn of all such retiress be also recalculated on 60 months average salary?
*12 months average salary
Sir please kripa kare main security guard me 9years 3month sarvice kya hu me ra age 58years hogya hai
Aur bhi delay kar dega, kiu ki thagna hai humko.
जिस का डाटा ईपीएफओ ऑफिस में पहुंच गया है और सब कुछ ठीक है उसका तो डिमांड लेटर जारी करना चाहिए क्यो ब्याज बढ़ा रहे हैं
Sir when will they start giving pension
Sir,
my pension calculation is below- correct or not, pl reply
DOJ eps 01/11/1997 and DOE -31/01/2026
total service is 28+2=30years
lost 60 month avg salary -rs 47500
47500x30/70=20357
my expected pension is 20357 correct or not
pl conform
Hi, I earn about 40k pm and 1800 is the amount deducted for pf, so I want to contribute more like maybe 3000pm so that I could save more. I want to know if this is possible and if yes then how/where ?
भाई जिनका सब कुछ ठीक है उनको तो डिमांड लेटर दो ....😢😢😢.... हर महीना ब्याज बढ़ रहा है
2021 एप्रिल रिटायर्ड हुवा 3900 rs पेन्शन है कितना पैसा देना पडेगा हायर पेन्शन के लिए? 🙏
Sir, with due respect, do you provide paid service for calculating demand letter is correct or not? Thanks, sir.
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I am retired bank officer I am Not receiving. Epf retired on 31/10/21, why,
मेरी कम्पनी ने 26/0😮9/2023 को कर्मचारियों का डाटा रिकॉर्ड ईपीएफओ ऑफिस मेरठ को सेंड कर दिया है आज 29/12/2023 हो गई है pending स्टेटस शो कर रहा है
योजना 2014 में लायी है..तब पेंशन फार्म्युला.. एक साल का average basic पे था.हम सर्व्हिसमें लगे तबसे(1995 से आज तक का..)eps को इंन्ट्सेस के साथ पैसा दे रहे है.तो हमारे लिऐ ये पाच साल वाला फार्म्युला सहि नहि होगा.ये अन्याय है..इस योजना में नोव्हेः.2022 केबाद वालो को ऐ पाच साल वाला फंटा लगा सकते है..
🙏🙏🙏🙏🙏🇮🇳🇮🇳👩👧
Modi government गेम खेळ रहा है अगर २०२४ bjp sarkar जीतेगी to pension inordinate delay hogi agar BJP हारती हैं तो immediately pension लागु होगी financial burden नये government पे रहेगा बिग गेम is being played by Modi and company
You says very very right this is a game created against pensioners which created by government,,,, picture is not clear they should be cleared before higher pension scheme entry by a pensioner not afterwards government create another phenamona
galat news....