i read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
The way of explaining the new supreme court guidelines is excellent. It is requested to throw some light on pending supreme court cases regarding inclusion of other organised sector employees who were not under epf and eps 95 as on sept 2014. Both category of employees are homogenous. One was under EPFO and other was under their individual PF trust.
kul jama ye hai k govt ko kuch bhi karke employees ka paisa use karna hai. Bahut hi faltu idea hai... Logo k paise ka misuse hai.... Hona to ye chahiye h k ye superannuation fund hi band kar dena chahiye... Jis desh ka inflation 10℅ ho wahan pf pe interest 7.5℅ aata hai aur vo nhi aaj taxable kar diya gaya hai. Superannuation k naam bewkuf banaya ja raha hai itne saalo se. Think if we put that money on mutual funds and other investment how much it will grow.
Whether this has to do backdated from 01-sep 2014 or from now onwards have to deduct on higher basic salary of eps contribution instead of ceilings wages
Well presented. One question seemed to have not been clearly spoken, or if spoken, not understood. The question is on continued EPS membership and contribution when during the service period, by way of increments salary gets increased to an amount in excess of Rs.15000/-. In such scenario my understanding is that EPS membership and contribution shall continue on the capped salary of Rs.15000/-. May I seek your views please
Sir, hamara form16 pe perks add karta hi, jo amount declaration base pe lethe hi and hame ofc qtr alloyed hi unkeliye kuch pise dekathe hi form16 me us amount pe bi perks add katte hi, perks kya hi Q add katte hi income me, plz samjado
Is there any clear cut office order from EPFO, because management of govt companies asking to give options before 15 th of this month, without clarity how we will finalise our opinion, pl clarify
Sir.. I joined EPF in 2012 and at that time my Basic was below 15000 and but in 2017 my basic salary exceed at 15000. Can I now opt for this higher pension option.. please reply
I got service in 2003 .....if I opt this ruling then will be implemented after 2014 or it will be started from 2003 when I got service ..... Please clarify .....
plz tell is the cap of Rs 15000 for pention after retirement applied or not as per new circular for whom whose avg last 5 yrs salary before retirement is higher than 15k. In other words, in any how could I get pention more than 15k in this new order of suprime corut.
Sir, Thanks for the details of options under Higher Pension Scheme and it's pros and cons. Just one clarification please, if someone fails to deposit the required amount after submitting the Higher Pension Option, what may be the repercussions?
What is the impact of this judgement on those who are retired at present before and after 1st Sept 2014 from exempted units. Please throw some light on this ..
In case if the person loses job at 50 years and is forced to take up another job for a lower salary with lower basic wages, the last 5 year average basic wage would be less. Thereby the pension amount would also be less. Is this right?
Sir, I have a doubt......Someone is working in central government sector and having NPS scheme....If he/she wants to opt EPS-95 scheme, will his/her NPS scheme be stopped, or he/she can avail the benefits of both scheme after retirement?
This new rules is it applicable those joined in service from 2014 April If wish to contribute this new additional contribution 1.16 percent where can we inform
This present EPF pention scheme only use ful those who are retired after 30 sep 2014 and especially worked govt sectors like BHEL FCI and andra and Karnataka states transports and big corporations, those EPF pentioniors can get 5000 minimum to 30000 rs maximum as pention , this covers only 13 to 15 % of total EPF pentioniors, what about as status for those who retired before 30 sep 2014, no answer for them.
Hi Sir, it is good video and well explained, u have small observation is the same formula I.e.last 60 month average salary X total numbers of years÷70 for new rule or last month salaryX30÷70
Can soon to be retired employee if opt for pension liable to get incremental pension OR will he get pension only as per formula of( last pensionable salary× years of pensionable service)/70 through out his life
Hi Sir - Thanks for your time. Can you please advice on this scenario ? if a employee, member of EPFO, joined company A on 2011 opts for higher pension (and gets approved) and later he switches to company B. In this case, will he be still eligible for higher pension scheme?
I think pension will be calculated from year 1995 and it will be limited to 6500 till 2014. After 2014 , pension may be calculated on full salary. Those who are retiring now, say 2022 may get on full salary of 1 lakh, 2022-2014 = 8 yrs, 8+2 bonus years /70, roughly 14 percent or 14000 and 2000 for service before 2014, limited to 6500. So total 16000 for 1 lakh . So one may get around 15 to 16 percent even after putting 35 years because of year 95 cut off and salary limit of 6500 till 2014. That is my understanding . It may be 16 percent and not as high as 50 percent of salary for 35 years service. Those who joined in 2014 before September, may get max pension, ie 50 percent on full salary when they retire. Alternatively if pension is calculated on full salary from 95 to 2022. One may get 29/70 or about 40% of salary as pension
Hi...is this new pension is good for us like we have still 30 yrs of service... because our salary will be more while we r getting retired...Wat I'm thinking, instead of giving pension I can utilise that amount to other investments is better???
Mere company pf and pensions wages maximum 15k he leti hai, agar kisi employee ka basic + da 15k se jyada hai tab bhi meri company pf and pensions ke taraf 12 % of 15k he deti hai wo. Unka tark hai ki maximum limit 15 k he hai. Mera basic + da 20k hai mai higher pension lena chahti hu. How can I do that iss bare me law kya bolta hai
Hello Sir , what if the basic and DA is less than 15000, in this case should we opt for the new scheme or stay with the Old scheme only. Plz advise how will it affect the current contribution and will it be profitable for those whose basic +da is less than 15000 but total salary is more than 15000 and current PF contribution by both employee and employer is 1800 each. Awaiting revert.
Your explanation is well and reasonable according to prediction but at this stage it is still in dark as not a clear picture is seen till time. Neither SC nor GOVT is cleared the actual picture by press meet instantly.
Thanks for sharing there details. Really helpful Is it applicable on private sector employees as well? How the service year will be calculated as in private sector employees switch jobs frequently
Sir, I have retired on 30/04/2022, my last few months salary( basic+ DA ) 15763, as per supreme court verdict how I will impact. At present pension is 3525/-. Please give me feedback. Thanks
If i started working for one company when I was 30 and left that company when I left that company my age was 42 and after that I started my own business, so my pension will start on when I will be 58 years. So whatever amount collected in eps does get interest every year for the next 16 years then what is interest for eps scheme. Do I get interest as a pension on whatever accumulated up to 58 years. Do I get that eps amount after 58 years
सुप्रिम कोर्ट के 4.11.22 के आदेश के परिप्रेक्ष्य में :- 👉 1 सितम्बर 2014 से पहले के रिटायर्ड पेन्शनरों को हायर पेन्शन का समुचित लाभ मिलेगा या नहीं और अगर मिलेगा तो कैसे?
Hi Jese eps me 9.6 ko hum 10year count krte hai Ese hi kya age ko hum 57.6 58 year old count krte hai Or Age 59 or 60 Tak kya benifit milte hai after death Nominee ko online portal se apply karna chahiye ya offline Plz rly
This is very good development as retired people get hardly any money on their savings due to the low interest rates, which may still go down in future.
Thank you sir providing great information my father retired in 2018 his monthly pension would affected in this case of judgement we have withdrawn the pf money but my father got monthly pension ????
Explain slowly, so that we can easily understand, Ur explained like u have time bond , Full detail explain steps by step so that everyone can understand.
I bave tried to cover it here. But I am NOT an expert - EPFO Pension Scheme Judgement 2022 - The Good and The Bad ua-cam.com/video/f52KJF0WHjE/v-deo.html
Those who are retired their services before 1.9.2014. September they are not employees of Government of India undertaking public sector Industries, why this type of judgment agree by NAC,CBT, leaders and committee members. The same rules to Political leaders, those of serviced 5year 6years serviced did they applicable? No because Government and Honorable courts are their favor but not one will be fight for Labours employees pension increase. We all humbly request to Honorable Supreme Court Judges please look for senior citizens Labours employees pension increase please.
Sir I have retired in 2021 and withdrawn PF amont and I have been taking pension since then. I had not opted for higher pension in 2014. My salary was Rs.32000- including Basic &DA when i retired in 2021.Now am i eligible for higher pension. If so kindly guide me what needs to be done from my side to get higher pension
Sir, jo example aap de rahe hain 1 lakh salary ka uspe 12000 to epf me kaise ja sakta hai, kyunki 12% to basic ka calculate hota hai yahan. And agar salary ek lakh hai b kisi ki to basic salary 30 ya 40 hajar se jada nahi hogi mere hisab se.
I think it’s good theme for UA-cam content. Indian Govt may take some U turn later on. I think one should wisely invest money. What about if earning member passes away, if in this case, the pension transfer to spouse then, it could be considered as a good scheme. Otherwise, there is no point in diluting own money.
No comments as I am confused as everyday EPFO organization and the concerned ministry is also publishing different views. So it is better not to comment as long as the news is prohibited in news paper or TV. Because u tube news is unreliable. 🙏
i read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.
I really appreciate your efforts for clearing all the doubts. It is much helpful. 🙏🏻🙂
The way of explaining the new supreme court guidelines is excellent. It is requested to throw some light on pending supreme court cases regarding inclusion of other organised sector employees who were not under epf and eps 95 as on sept 2014. Both category of employees are homogenous. One was under EPFO and other was under their individual PF trust.
Thanku very much 🙏, well explained about pension, very useful for many retired employees who are eagerly waiting for supreme court judgement
Really informative for me. Didn't knew the previous and the new bifurcation at all.
✅ अगर Video पसंद आया तो Subscribe ज़रूर करें - bit.ly/EPMsub
Part 1 - ua-cam.com/video/ELVr9aBRnb8/v-deo.html - EPS-95 Higher Pension - Good or Bad Calculation
Part 2 - ua-cam.com/video/Q_hY_N4zAJU/v-deo.html - EPS Higher Pension Calculator
Part 3 - ua-cam.com/video/ELVr9aBRnb8/v-deo.html - EPS-95 Higher Pension Option Circular
Very good. Well explained. It will have it's positive impact on pension thereby resulting in enhanced pension.
Your presentation skill is very excellent Sir , very crisp and clear.
kul jama ye hai k govt ko kuch bhi karke employees ka paisa use karna hai. Bahut hi faltu idea hai... Logo k paise ka misuse hai.... Hona to ye chahiye h k ye superannuation fund hi band kar dena chahiye... Jis desh ka inflation 10℅ ho wahan pf pe interest 7.5℅ aata hai aur vo nhi aaj taxable kar diya gaya hai. Superannuation k naam bewkuf banaya ja raha hai itne saalo se. Think if we put that money on mutual funds and other investment how much it will grow.
cc
Bro average inflation rate of last five yera us 6.6%
There is an option to opt in or not.
Ye order supreme courtne diya hai
Claps for the video. I was searching for a video to understand Supreme court verdict. At last got the best and clear one.
Very good informative video. Sir, plz give time to time updates.
well explained. plz also make video on Pros and cons of this with statistics.
Really That's a good thing I hope it will implement very soon🙂👍.By the way--- Thank you sir for giving correct information about that.
Whether this has to do backdated from 01-sep 2014 or from now onwards have to deduct on higher basic salary of eps contribution instead of ceilings wages
Sir, thanks for the video. None of the companies are asking options to choose. Is this not mandated?
Thanks🙏
Example 4:01
Impact 7:00
Thanks
Well presented. One question seemed to have not been clearly spoken, or if spoken, not understood. The question is on continued EPS membership and contribution when during the service period, by way of increments salary gets increased to an amount in excess of Rs.15000/-. In such scenario my understanding is that EPS membership and contribution shall continue on the capped salary of Rs.15000/-. May I seek your views please
New scheme is beneficial because bank FD rates are declining day by day.
In EPS scheme, Those who are joining service on or after 01/01/2015 getting salary more than 15000/- eligible or not ?
Sir, hamara form16 pe perks add karta hi, jo amount declaration base pe lethe hi and hame ofc qtr alloyed hi unkeliye kuch pise dekathe hi form16 me us amount pe bi perks add katte hi, perks kya hi Q add katte hi income me, plz samjado
Sir I would like to know whether pension will be linked to DA means whether pension is fixed of will get increased with DA?
How will the pension be calculated in future i am not sure. is it beneficial to leave EPF contribution as it is and get 8.1% ?
Very knowledgeable and useful
Thanks a lot
Is there any clear cut office order from EPFO, because management of govt companies asking to give options before 15 th of this month, without clarity how we will finalise our opinion, pl clarify
Clear and concise. Thank you
Glad it was helpful!
When it will implement and employee get enhance pension?
Namaste sir
Can you post this video to calculate EPS in English
Sir.. I joined EPF in 2012 and at that time my Basic was below 15000 and but in 2017 my basic salary exceed at 15000. Can I now opt for this higher pension option.. please reply
I got service in 2003 .....if I opt this ruling then will be implemented after 2014 or it will be started from 2003 when I got service ..... Please clarify .....
plz tell is the cap of Rs 15000 for pention after retirement applied or not as per new circular for whom whose avg last 5 yrs salary before retirement is higher than 15k.
In other words, in any how could I get pention more than 15k in this new order of suprime corut.
If this is the decision it will be great initiative for employees..
Sir, Thanks for the details of options under Higher Pension Scheme and it's pros and cons. Just one clarification please, if someone fails to deposit the required amount after submitting the Higher Pension Option, what may be the repercussions?
Pl advise on impact on epfo circular and for those employees who has not opted for higher pension
What is the impact of this judgement on those who are retired at present before and after 1st Sept 2014 from exempted units. Please throw some light on this ..
It is clear but it only beneficial for higher sallaried. Still no hike changes in minimum pensioners
In case if the person loses job at 50 years and is forced to take up another job for a lower salary with lower basic wages, the last 5 year average basic wage would be less. Thereby the pension amount would also be less. Is this right?
2003 se ab opt karege to fund me credit paise some around 8 lakh pay karne pad rahe he. For higher pension. To kya opt karu ya nahi.
Super Pradeep
All the best
Sir, I have a doubt......Someone is working in central government sector and having NPS scheme....If he/she wants to opt EPS-95 scheme, will his/her NPS scheme be stopped, or he/she can avail the benefits of both scheme after retirement?
sir , what about the service year already passed with a contribution of 1250/- only , any recoveries will be made ?
This new rules is it applicable those joined in service from 2014 April
If wish to contribute this new additional contribution 1.16 percent where can we inform
Good when to get in touch with epf for higher pension
Can you please elaborate the process to get higher pension. Like what are the steps to follow ..
Sir Mari mummy ke pension chalu hu ha 2022/10/31but ruka hua IAR nahi aaya vo lab tak aay ga kuch jankari ho bata kab aata ha
This present EPF pention scheme only use ful those who are retired after 30 sep 2014 and especially worked govt sectors like BHEL FCI and andra and Karnataka states transports and big corporations, those EPF pentioniors can get 5000 minimum to 30000 rs maximum as pention , this covers only 13 to 15 % of total EPF pentioniors, what about as status for those who retired before 30 sep 2014, no answer for them.
And this four month applicable from date of judgement 4th November 2022??
Or as per epfo circular dated 29 December 2022??
Hi Sir, it is good video and well explained, u have small observation is the same formula I.e.last 60 month average salary X total numbers of years÷70 for new rule or last month salaryX30÷70
Nicely explained.
Can soon to be retired employee if opt for pension liable to get incremental pension OR will he get pension only as per formula of( last pensionable salary× years of pensionable service)/70 through out his life
Hi Sir - Thanks for your time.
Can you please advice on this scenario ?
if a employee, member of EPFO, joined company A on 2011 opts for higher pension (and gets approved) and later he switches to company B.
In this case, will he be still eligible for higher pension scheme?
Please make a video on if EPF and EPS is contributed in trust.
Sir, namasthe please mention what will be minimum pention for pentoiners retired before year 2000, receiving below Rs.1000-eps pentoiners Hyderabad
I think pension will be calculated from year 1995 and it will be limited to 6500 till 2014. After 2014 , pension may be calculated on full salary.
Those who are retiring now, say 2022 may get on full salary of 1 lakh, 2022-2014 = 8 yrs, 8+2 bonus years /70, roughly 14 percent or 14000 and 2000 for service before 2014, limited to 6500. So total 16000 for 1 lakh . So one may get around 15 to 16 percent even after putting 35 years because of year 95 cut off and salary limit of 6500 till 2014. That is my understanding . It may be 16 percent and not as high as 50 percent of salary for 35 years service. Those who joined in 2014 before September, may get max pension, ie 50 percent on full salary when they retire.
Alternatively if pension is calculated on full salary from 95 to 2022. One may get 29/70 or about 40% of salary as pension
Hi...is this new pension is good for us like we have still 30 yrs of service... because our salary will be more while we r getting retired...Wat I'm thinking, instead of giving pension I can utilise that amount to other investments is better???
Sir meri joining 2017 me hui thi to higher pension ke liye hame kya karna hoga
Mere company pf and pensions wages maximum 15k he leti hai, agar kisi employee ka basic + da 15k se jyada hai tab bhi meri company pf and pensions ke taraf 12 % of 15k he deti hai wo. Unka tark hai ki maximum limit 15 k he hai. Mera basic + da 20k hai mai higher pension lena chahti hu. How can I do that iss bare me law kya bolta hai
Hello Sir , what if the basic and DA is less than 15000, in this case should we opt for the new scheme or stay with the Old scheme only. Plz advise how will it affect the current contribution and will it be profitable for those whose basic +da is less than 15000 but total salary is more than 15000 and current PF contribution by both employee and employer is 1800 each.
Awaiting revert.
Thank you Sir
What if one leaves the job and join private company after completing 15 years of service in government and opted for increased pension scheme
Thanks
beautifully explained..🙏🇮🇳
Thanks a ton
Meri Feb ki epfo pension nhi i could u tell me sabki nhi i ya mughe contact kerna parega bank mai
Do the pension increase yearly or it will be same throughout life?
Your explanation is well and reasonable according to prediction but at this stage it is still in dark as not a clear picture is seen till time.
Neither SC nor GOVT is cleared the actual picture by press meet instantly.
Thanks for sharing there details. Really helpful
Is it applicable on private sector employees as well?
How the service year will be calculated as in private sector employees switch jobs frequently
It will depend on continuity woth EPFO. If you don't withdraw from EPF, continuity of service will count.
Sir, I am retired in 2018 , I am not aware of options. And my salary 1500000/ year at the time of retaired. May i know the options now.
Nice Knowledge
Can you compare it with the Pension received by Central govt employees, where they get revised DA and pension after pay commission changes
private sector ke liye bhi hai kya ye option?
Sir, I have retired on 30/04/2022, my last few months salary( basic+ DA ) 15763, as per supreme court verdict how I will impact. At present pension is 3525/-. Please give me feedback. Thanks
How we can opt this - because still employer is contributing 1250 in EPS. kindly guide me
Plz make a vedio on pros and cons...
If i started working for one company when I was 30 and left that company when I left that company my age was 42 and after that I started my own business, so my pension will start on when I will be 58 years. So whatever amount collected in eps does get interest every year for the next 16 years then what is interest for eps scheme. Do I get interest as a pension on whatever accumulated up to 58 years. Do I get that eps amount after 58 years
सुप्रिम कोर्ट के 4.11.22 के आदेश के परिप्रेक्ष्य में :-
👉 1 सितम्बर 2014 से पहले के रिटायर्ड पेन्शनरों को हायर पेन्शन का समुचित लाभ मिलेगा या नहीं और अगर मिलेगा तो कैसे?
Hi
Jese eps me 9.6 ko hum 10year count krte hai
Ese hi kya age ko hum 57.6 58 year old count krte hai
Or
Age 59 or 60 Tak kya benifit milte hai after death
Nominee ko online portal se apply karna chahiye ya offline
Plz rly
This is very good development as retired people get hardly any money on their savings due to the low interest rates, which may still go down in future.
Good development
Thank you sir providing great information my father retired in 2018 his monthly pension would affected in this case of judgement we have withdrawn the pf money but my father got monthly pension ????
Sir ,
Scheme is applicable from 1995 , but what about the person contributed from 1985 till
2018.? Please explain.
Explain slowly, so that we can easily understand,
Ur explained like u have time bond ,
Full detail explain steps by step so that everyone can understand.
Hello, very informative,
Can I know what are the components of salary to be counted as average salary?
Basic + DA
Well explained.
The burning question is whether the person retired before 31.08.2014 can opt for increased pension contribution ?
I bave tried to cover it here. But I am NOT an expert - EPFO Pension Scheme Judgement 2022 - The Good and The Bad
ua-cam.com/video/f52KJF0WHjE/v-deo.html
29 dec ke GR par details video banaye sir...🙏
Sir meri salary da+basic 70000 hai pr meri EPF me 15000 cap ki hui hai EPF me salary increase kaise krwaye
How much extra i have to deposite pls explain
Those who are retired their services before 1.9.2014. September they are not employees of Government of India undertaking public sector Industries, why this type of judgment agree by NAC,CBT, leaders and committee members. The same rules to Political leaders, those of serviced 5year 6years serviced did they applicable? No because Government and Honorable courts are their favor but not one will be fight for Labours employees pension increase. We all humbly request to Honorable Supreme Court Judges please look for senior citizens Labours employees pension increase please.
Sir I have retired in 2021 and withdrawn PF amont and I have been taking pension since then. I had not opted for higher pension in 2014. My salary was Rs.32000- including Basic &DA when i retired in 2021.Now am i eligible for higher pension. If so kindly guide me what needs to be done from my side to get higher pension
How much pension per month u get sir
Sir hamaara 33year service kaise banegi.Schem chalu Hooke 28year+ 2=30 year,Vaise too Mera service 1983 to2018= 35 years,
Sir, thanks for explaining the matter.. I have one question that if only employee could initiate it or employer's consent is mandatory..??
Sir Mera joining date 1/4/2014. New Pension system lagu hoga? kaise calculate hoga Pension ?reply please
When will get this pension amount in the account
Is there any provision to include previous service period had in defence services if someone joins a PSU without pension?
No such provision in EPS
what happen to pension wen employee taken vrs at 55?
Lenth of service 95 se gintime leni hai kya or dt of joining se pl. Cleryfy
95 se...
What is the effect of proviso in calculating pension able salary after sc judgement. I mean calculate ing on pro rata basis
Waiting for notification from EPFO for same
I have retired in 2020. How can I get benefit of the Supreme court decision ?
When are we going to get the higher pension.
Sick industry like BGML EMPLOYEES will eligible for pension scheme. ?
Please provide the pension formula as on 17/08/2023 or any changes.
Sir, jo example aap de rahe hain 1 lakh salary ka uspe 12000 to epf me kaise ja sakta hai, kyunki 12% to basic ka calculate hota hai yahan. And agar salary ek lakh hai b kisi ki to basic salary 30 ya 40 hajar se jada nahi hogi mere hisab se.
Will you please share this excel sheet
Jo aadmi 2020 me hi retire ho gaya hai uska bhi pension badhega ya nahi
I think it’s good theme for UA-cam content. Indian Govt may take some U turn later on. I think one should wisely invest money. What about if earning member passes away, if in this case, the pension transfer to spouse then, it could be considered as a good scheme. Otherwise, there is no point in diluting own money.
No comments as I am confused as everyday EPFO organization and the concerned ministry is also publishing different views. So it is better not to comment as long as the news is prohibited in news paper or TV. Because u tube news is unreliable. 🙏