Regarding PF Pension
I was a pf account holder no.10945/5 when Iwas working in MIL Controls ltd .I resigned in the year 2004. I served for 19 years and had contributed to PF .Now Iam 60 years .I want to know whether I would be eligible for the PF pension from 55 years onwars and what is the max amount Iwill get as pension .Iheard that the pension amount is getting increased to 7500 .If somebody can clarify ,Iwould be obliged more
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You will get pension from age 58. you have to apply for this in a specific form through your last employer, i think form 19 or 17. As regards amount please search www.citehr.com for a XL sheet in which you can enter the datas pertaining to you & xl sheet will give you the amount of pension( if you don't get it ask iit abbas on the site. When every thing fails ask me, I have it saved some where but don't remember now). Minimum from Sept 14 is Rs 1000, but you will get more since your pensionable years are more & your pensionable salary also may be more. Rough calculation is pensionable salary X pensionable years divided by 70. Pensionable salary is the average of 12moths (now 60 months) EPF salary(the salary amount on which your epf deductions are made. pensionable years are no of years on which your epf contribution to pension fund is made). On the citehr site you can also search for a circular of EPF office dated Sept 2014 or2015 for latest amendments introduced after NDA came to power. more
Sep 09
You have to apply for pension scheme. You will get pension around Rs. 1000/- to 1250/- around. more
Sep 09
I think since Mr Venugopal has completed 60 years and his Pension formalities yet to be completed he is entitled to get 2 years weightage (as pension has not drawn after completing age 58) Hence he may get pension with 2 years weightage too .Isn't it ? more
Sep 09
Assuming that you were member of FPF 1971 till 15.11.1995 and member of EPS 1995 thereafter till the date of leaving service, your Eligible Service is 19 years comprising of Past Service of 10 years and Pensionable Service of 9 years. You should apply in Form 10-D to concerned PF office through your ex-employer. You are eligible for pension from the date you attained the age of 58 years. As your salary on which EPS contribution was paid is not given, exact pension entitlement can not be worked out. However minimum Pension as per existing provisions of EPS 1995 is Rs. 1,000/- p.m. more
Sep 09
EPS 95 scheme in the initial time had no option to whether subscribe for EPS 95 or not. All members were therefore eligible by default under EPS 95 scheme. Since you wre member till 2004, you are very much eligible fr pension. The pension shall start from your age of 58 years and you will get all arrears from that time. I hope you would have got scheme certificate at the time of leaving. The original certificate need to be surrendered for start of pension. In my view the pension amount is very meagre may be around Rs. 1500 per month or so. more
Sep 09
