EPF circular on pension for full salary 23.3.17. Can any body give me the the formula for pension calculation in the light of above circular.Please also advise the calculation for deposit of amount for getting the revised pension.
From India, Nashik
1From India, Nashik
For those employee who has not signed in the potion form for contributions beyond the limit of are 6500/-, can they still get the benefit? Can they sign the option for transferring the amount from their pf fund to the pension scheme?
From India, Mumbai
From India, Mumbai
EPF Rate 13.16% W. E. F 01/04/2017
Break-up of the EPF contribution
12% of the employee’s salary goes towards the EPF. 12 12
Whereas the employer’s contribution is divided as below:
3.67% goes towards contribution for EPF 3.67 3.67
8.33% goes towards contribution for EPS 8.33 8.33
0.5% goes towards contribution for EDLI 0.5 0.5
0.65% goes towards contribution for EPF administration charges 0.65 0.65
0.01% goes towards contribution for EDLI administration charges 0.01 0.01
TOTAL CONTRIBUTION 12 13.16 25.16
From India, Delhi
Break-up of the EPF contribution
12% of the employee’s salary goes towards the EPF. 12 12
Whereas the employer’s contribution is divided as below:
3.67% goes towards contribution for EPF 3.67 3.67
8.33% goes towards contribution for EPS 8.33 8.33
0.5% goes towards contribution for EDLI 0.5 0.5
0.65% goes towards contribution for EPF administration charges 0.65 0.65
0.01% goes towards contribution for EDLI administration charges 0.01 0.01
TOTAL CONTRIBUTION 12 13.16 25.16
From India, Delhi
Dear Mr Brij Mohan Singh, Please note that from 01/04/2017 No Sum is Payable towards A/C # 22 i.e EDLI Administration Charges.From 01/04/2017 Total EPF Contribution from Employer is 13.15%
From India, New Delhi
From India, New Delhi
Dear All,
Can any one suggest me on the following :-
1. I retired on August , 2011 and not claimed my pension till June, 2015. I received the amount of pending period and pension regularly.
2. Can I claim for 4% per year hike in pension as per latest orders?
3. Am I entitle for new enhanced as per decision of Supreme Court of India.
Please suggest.
From India, Kota
Can any one suggest me on the following :-
1. I retired on August , 2011 and not claimed my pension till June, 2015. I received the amount of pending period and pension regularly.
2. Can I claim for 4% per year hike in pension as per latest orders?
3. Am I entitle for new enhanced as per decision of Supreme Court of India.
Please suggest.
From India, Kota
Dear SKNIGA
Please note that you have been receiving pension with retrospective date i.e from the date of Retirement/Aug 2011.You have applied belatedly for pension in the Year June-2015.You have stated that you have already received arrears of Pension also.The Supreme Court pension you are quoting has no relevance to your case.Members of EPS Who are eligible to pension can contribute to EPS for 2 Years after attaining 58 Years or EPS Members Retired at 58 years can defer availing pension by 2 years.Consequently their Pension amount will go up by 8.16%. Please Peruse the attachment, which is self explanatory.
From India, New Delhi
Please note that you have been receiving pension with retrospective date i.e from the date of Retirement/Aug 2011.You have applied belatedly for pension in the Year June-2015.You have stated that you have already received arrears of Pension also.The Supreme Court pension you are quoting has no relevance to your case.Members of EPS Who are eligible to pension can contribute to EPS for 2 Years after attaining 58 Years or EPS Members Retired at 58 years can defer availing pension by 2 years.Consequently their Pension amount will go up by 8.16%. Please Peruse the attachment, which is self explanatory.
From India, New Delhi
Dear Abbas,
Sub : The new Circular on 31-05-17 on the new Pension scheme -
What is the implication of the new Circular on New Pension scheme issued on 31-05-2017 ? Almost all PSUs are run by Trust and the PF is remitted to EPFO only...
Whether the new pension scheme will be applicable to such PSUs ? especially for ITI Limited
Satheesh Kumar.P
09482087049
From India, Bengaluru
Sub : The new Circular on 31-05-17 on the new Pension scheme -
What is the implication of the new Circular on New Pension scheme issued on 31-05-2017 ? Almost all PSUs are run by Trust and the PF is remitted to EPFO only...
Whether the new pension scheme will be applicable to such PSUs ? especially for ITI Limited
Satheesh Kumar.P
09482087049
From India, Bengaluru
latest circular dated 31-05-2017 says that member whose contribution is maintained by their organisations trust known as exempted trust may not be eligible for pension on full salary.
As Per new circular dated 31-05-2017 issued by EPFO employees of exempted trusts are not eligible for full pension although they have contributed to PF as per non exempted trusts.Why this discrimination?
From India, New Delhi
From India, New Delhi
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Epfo circular 070219 Pension-I_12_33 _96_Amendments_ Vol.IV_17154.pd f