Sir l,joined the services w.e.f.17thJan 1986 cotributed for family pension scheme till 16/11/95 thereafter for Eps till December 2021 and retired from service w,e,f,1/1/22 and getting Eps pention of rs 4105 per month and not 6000 asper calcution
I have a doubt that calculation of higher pension for the members who joined EPS95 before 1sept 2014 pro-rata rule will be applied for calculating pensionable service. In pro-rata rule, the entire service is considered for the calculation of pensionable service even for normal pension. This can be verified by the member who joined eps95 before 1st sept 2014 by log in to the EPFO new passbook portal. In the new passbook portal EPS calculator is included. I have joined EPS95 in 1st Feb 1996 and when I calculating my pension by taking today's date as retirement (at future retirement date for pension calculation not allowed) then my normal pension (not higher pension) is coming significantly less then given formula as in my case pro-rata rule for calculation of pensionable salary is applied and they are also showing calculation by converting my entire service into no. of days and then dividing total days in two groups. In one group they keeping no. of days before 1st sept 2014 and in other group, no. of days after 1st sept 2014. This suggest that in pro-rata rule entire service is considered for finding normal pension amount for members who joined eps95 before 1st sept 2014. Even in higher pension circular it mentioned that higher pension will be as per existing eps95 norms i.e pro-rata rule of calculating higher pension will be applied as this rule is applied while calculating normal pension for members joining eps95 before 1st sept 2014. I will that EPFO should not apply the pro-rata rule but I am concerned that it will logically apply. EPS95 members who joined before 1st sept 2014, please login to EPFO passbook portal and use EPFO pension calculator and check how EPFO is reducing pension by applying pro-rata rule. Also comment on my observation. If the pro-rata rule is applied to any eps95 members then higher pension amount will be much less compared to calculation done by the given formula and if it is true then we have to think again before depositing the excess amount needed for higher pension eligibility.
Hi Sir, I am currently 44 years old working in an IT company. My query is stated below: Suppose i get very less salary" during my last '5' years of service (it may be due I may be posted in USA), in that case wether the same "last 5 years average salary rule" is applied. That way, I may at much loss. Request your response. Thanks.
Could you please explain about the people who started career after 2014 or starting in future. Do they have any option and if so, how to choose? Of there is no option, is eps good or bad for them. Please answer. Thank you.
Hi, I worked from 11.01.1988 to 03.09.2006 and contributed to PF and FPF. The I moved to UK and did not work in India. My last Basic salary in Sept'2006 was INR23720 pm. I have not drawn any pension after this period and now wish to start the pensions. I will be 60 years in next Jan. What pension amount I will get and will I get any arrears or interest of last 17 years? Thank you
If I retire at 45 yrs age after 20 yrs service, I will get Full 100%pension from next month?(without any reduction). This pension is fixed amount for rest of my life,or additional Dearness Allowance will increase the amount in hand ?
Sir, My husband joined on 15/10/1993 in AEPC Due to Cessation got relieved on 15/10/2004 His pensionable salary is 6500 Completed age 58 on 15/06/1993 How much will he get as pension Whether he can opt for higher pension
Fraud is going on in defence pension. Married, widower qualified employed daughters r getting defence pension upto rs 35k per month. They r also getting widower pension in states govt scheme also
Sir . 11year service basics 8000 high pension apply hoga hum company job close hogi a please tell me
Sir l,joined the services w.e.f.17thJan 1986 cotributed for family pension scheme till 16/11/95 thereafter for Eps till December 2021 and retired from service w,e,f,1/1/22 and getting Eps pention of rs 4105 per month and not 6000 asper calcution
I had opt in in april-may 2023. My case is in process at epfo office due to missing documents from my employer. Can i now raise request for opt out ??
I have a doubt that calculation of higher pension for the members who joined EPS95 before 1sept 2014 pro-rata rule will be applied for calculating pensionable service. In pro-rata rule, the entire service is considered for the calculation of pensionable service even for normal pension. This can be verified by the member who joined eps95 before 1st sept 2014 by log in to the EPFO new passbook portal. In the new passbook portal EPS calculator is included. I have joined EPS95 in 1st Feb 1996 and when I calculating my pension by taking today's date as retirement (at future retirement date for pension calculation not allowed) then my normal pension (not higher pension) is coming significantly less then given formula as in my case pro-rata rule for calculation of pensionable salary is applied and they are also showing calculation by converting my entire service into no. of days and then dividing total days in two groups. In one group they keeping no. of days before 1st sept 2014 and in other group, no. of days after 1st sept 2014. This suggest that in pro-rata rule entire service is considered for finding normal pension amount for members who joined eps95 before 1st sept 2014. Even in higher pension circular it mentioned that higher pension will be as per existing eps95 norms i.e pro-rata rule of calculating higher pension will be applied as this rule is applied while calculating normal pension for members joining eps95 before 1st sept 2014. I will that EPFO should not apply the pro-rata rule but I am concerned that it will logically apply. EPS95 members who joined before 1st sept 2014, please login to EPFO passbook portal and use EPFO pension calculator and check how EPFO is reducing pension by applying pro-rata rule. Also comment on my observation.
If the pro-rata rule is applied to any eps95 members then higher pension amount will be much less compared to calculation done by the given formula and if it is true then we have to think again before depositing the excess amount needed for higher pension eligibility.
Hi Sir, I am currently 44 years old working in an IT company. My query is stated below:
Suppose i get very less salary" during my last '5' years of service (it may be due I may be posted in USA), in that case wether the same "last 5 years average salary rule" is applied.
That way, I may at much loss.
Request your response.
Thanks.
Could you please explain about the people who started career after 2014 or starting in future. Do they have any option and if so, how to choose?
Of there is no option, is eps good or bad for them.
Please answer. Thank you.
Sir I have joined in year 2004 and now I got the basic+DA rs 90000. Should I Opt higher pension or not.also ple provide calculation sheet.
Hi, I worked from 11.01.1988 to 03.09.2006 and contributed to PF and FPF. The I moved to UK and did not work in India. My last Basic salary in Sept'2006 was INR23720 pm. I have not drawn any pension after this period and now wish to start the pensions. I will be 60 years in next Jan. What pension amount I will get and will I get any arrears or interest of last 17 years? Thank you
If I retire at 45 yrs age after 20 yrs service, I will get Full 100%pension from next month?(without any reduction). This pension is fixed amount for rest of my life,or additional Dearness Allowance will increase the amount in hand ?
Pl guide me how to proceed with my query as mentioned below on yesterday
Got Retired on 2010(epf). Getting Pension,1609/, Could you advise me Along with Calculation of higher pension.
Please share the details and formula for calculating IRR on my actual data
As usual - always informative and helpful ❤
I wish to calculate the new pension vs old pension. How do you help me. I am now a member of your community.
If the pensionable salary is 70K, and the service is more than 35 years and if I apply for a higher pension, will I get a 35K pension?
Sir, My husband joined on 15/10/1993 in AEPC
Due to Cessation got relieved on 15/10/2004
His pensionable salary is 6500
Completed age 58 on 15/06/1993
How much will he get as pension
Whether he can opt for higher pension
Pl do read as age 58 on 15/06/2023
❤
What is IRR
Fraud is going on in defence pension. Married, widower qualified employed daughters r getting defence pension upto rs 35k per month. They r also getting widower pension in states govt scheme also
Eps pension there is no commutation. Pf has, stopped 1/3 commutation.
Please share excel of these calculation
Please share excel calculation
Hello sir
My name is JNDOGRA
Can you calculate my new pension
DOj. 24-11-1982
DOR-30-11-2014
Average 60 month --45000/-
Eps pension there is no commutation. Pf has, stopped 1/3 commutation.