Dear Seniors,
Please kindly calculate the pension through the following information:
Family Pension Scheme Date of Joining: 01-08-1994
Employees Pension Scheme Date of Joining: 16-11-1995
Last 12 Months Average Salary: 6,500/-
November 1995 Salary: 2,323/-
Date of Birth: 22-10-1951
58 years completed date: 21-10-2009
Thank you.
From India, Eluru
Acknowledge(0)
Amend(0)
Please kindly calculate the pension through the following information:
Family Pension Scheme Date of Joining: 01-08-1994
Employees Pension Scheme Date of Joining: 16-11-1995
Last 12 Months Average Salary: 6,500/-
November 1995 Salary: 2,323/-
Date of Birth: 22-10-1951
58 years completed date: 21-10-2009
Thank you.
From India, Eluru
Acknowledge(0)Amend(0)
I am a physically handicapped person and have worked for 5 years in a private company. They have deducted PF from my salary. Can I withdraw my PF amount or get a scheme certificate? If I obtain that certificate, will I be eligible for a pension? Is there any relaxation in the pension service period for physically handicapped individuals? Please explain to me.
From India, Kalpakkam
Acknowledge(0)Amend(0)
From India, Kalpakkam
Acknowledge(0)Amend(0)
Can someone help me calculate the pension for the service?
Pension Calculation Details
1) Date of Birth: 10/10/1947
2) Date of Joining FPS: 19/9/1972
3) Date of Leaving Service: 31/7/1996
4) Salary as of 16/11/1995: Rs 6500
5) Average Salary at the Time of Leaving the Job: Rs 6500
Can I file for EPS when my final settlement of the PF amount with my last employer is pending with PF authorities in Maharashtra?
Regards
From India, New Delhi
Acknowledge(1)Amend(0)
1Pension Calculation Details
1) Date of Birth: 10/10/1947
2) Date of Joining FPS: 19/9/1972
3) Date of Leaving Service: 31/7/1996
4) Salary as of 16/11/1995: Rs 6500
5) Average Salary at the Time of Leaving the Job: Rs 6500
Can I file for EPS when my final settlement of the PF amount with my last employer is pending with PF authorities in Maharashtra?
Regards
From India, New Delhi
Acknowledge(1)Amend(0)
You may apply for a pension immediately, which is due from 10.10.2005. You will receive a pension of Rs.988. The details of the calculation are as follows:
Past Service Calculation
- Past service (19.9.1972 to 15.11.1995) - 23 years
- Slab on Past Service for 23 years - 170 - (1)
- Multiplying Factor as per Table B - 2.077 - (2)
- Past Service Benefit (1) x (2) - 353 - (3)
Pensionable Service Calculation
- Pensionable Service (16.11.95 to 31.7.96) - 1 year
- Pension for 1 year (1 x 6500/70) - 93 - (4)
- Minimum pension - 635 (5)
- Pension for service after 16.11.95 - 635 (whichever is higher among (4) & (5)) - (6)
Total Pension Calculation
- Total Pension (3) + (6) - 353 + 635 = 988.
Regards,
Abba.P.S
From India, Bangalore
Acknowledge(1)Amend(0)
Past Service Calculation
- Past service (19.9.1972 to 15.11.1995) - 23 years
- Slab on Past Service for 23 years - 170 - (1)
- Multiplying Factor as per Table B - 2.077 - (2)
- Past Service Benefit (1) x (2) - 353 - (3)
Pensionable Service Calculation
- Pensionable Service (16.11.95 to 31.7.96) - 1 year
- Pension for 1 year (1 x 6500/70) - 93 - (4)
- Minimum pension - 635 (5)
- Pension for service after 16.11.95 - 635 (whichever is higher among (4) & (5)) - (6)
Total Pension Calculation
- Total Pension (3) + (6) - 353 + 635 = 988.
Regards,
Abba.P.S
From India, Bangalore
Acknowledge(1)Amend(0)
I had applied for EPS by filling out the form as suggested. I hope something will come out of it. Meanwhile, I requested a PF statement of account. I left India in 1996 since there was a mistake in the PF statement received from my company, and I had written to them, but no reply was received from the PF authority. Now, I received an answer that all PF accounts had been settled in 1997-1998, and records were destroyed in response to my request for a statement to check the status through my bank. During the period of 1997-98, I was not in India. I had sought details through RTI.
Best Course of Action
What is the best course of action for me to proceed to get details?
Regards
From India, New Delhi
Acknowledge(0)Amend(0)
Best Course of Action
What is the best course of action for me to proceed to get details?
Regards
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Mr. Abbas, I am also from the ITI family. I joined ITI, RBL in May 1987 and was transferred to ITI, Bangalore in October 1999. I superannuated from ITI on the 30th of April 2013. Could you please provide me with information on the pension I will receive and a breakdown of the same?
Regards,
Hanumanthaiah
From India, Bangalore
Acknowledge(0)Amend(0)
Regards,
Hanumanthaiah
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Amendment in Employees Pension Scheme, 1995.pdf