How To Calucation Of Pensation - CiteHR
Ramachandrak62
Hr, Meditation, Yoga
Shivani.B
It Recruitment
+2 Others

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Dear frd,hai i working in pvt sector but i don’t know how to calcutation full and final & Pensation please any one deatils gudiens me ..Deepak Pune
Hmm... Pension fund is a part of provident fund which you all know well about it in monthly contribution 8.33% of employer contribution towards pension fund and 3.67% for provident fund i hope u got it....
Full and final settlement varies a lot from pension fund dont mess up full and final settlement covers employees (Gratuity, Leave encashment, Bonus, and balance of salary) at the time of his resignation......Before proceeding full and final settlement No due certificate should be signed by HOD,HR,stores,Accounts and factory manager...
Regards,
Ramkishore
9900565609

hi dear,
your English is pathetic, your knowledge on HR functions is pathetic....how did you manage to get into that job of HR ??
Kindly let me know, I'll also try some shortcut like you... :)
regards,
Shivani

Dear Mr Deepak & All
As Ms.Shivani B says, it is a point to be noted that HR professionals should have a command on the English language. It is a request that all HR professionals should be very careful when they use words (like pensation for pension or compensation used by Mr Deepak - God knows !!)
This is not a criticism ! HR professionals are supposed to be the intelligent people, guardians of law, and it is needless to say that their command on the language, particulary English should be good (if not Excellent). Both written and spoken communication should be good, grammatical, and should carry sense.
Please make it a point that you read, go on reading and improve your communication skills. It hurts that we have such people in our community !!! As this is not the time to learn English after coming to HR profession !!
Regards
K.Ramachandra
Bangalaore

Hallo, IT is calculated as per the prevailing law like 8.33 % of employers contribution. But the calculation is purely depends upon the fund type & its management style.
[QUOTE=Shivani.B;1352863]hi dear,
your English is pathetic, your knowledge on HR functions is pathetic....how did you manage to get into that job of HR ??
Kindly let me know, I'll also try some shortcut like you... :)
Dear shivani,
it is very easy for me , but you cannot use this type shortcut
regards,
karthik

Dear Deepak,
As per PF act you can not withdrawal your pension amount after continues 10 year service and you are eligible for monthly pension .If you want details about the pension kindly refer PF Act and Rule.
Regards
Krishna Naik

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