Pension on higher wages as per Supreme Court order

pca

1442

PFA circular dated 8.6.2018 issued by EPFO on the subject. Thanks
12th June 2018 From India, Malappuram

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Company Secretary In Practice

Moturajan

Branch Head

Shayak-das

Korgaonkar K A

Ba,llb,mpm,dir&pm,dll&lw,d.cyber

Moturajan

Hello I want to understand that higher wages means pension revision on the basis of revision in the wage after the retirement of the pensioners. Please help me to understand Thanks Rajan
16th June 2018 From India, Faridabad

korgaonkar k a

2555

Dear Rajan ji,
I will explain you in very short.
Pension contribution is restricted on Rs. 15000 (earlier Rs. 6500). Pension is calculated on this pensionable salary.
What SC said, if you want more pension you have to contribute more. So you can now contribute more to get more pension, retrospectively, if your salary is more than threshold.
Hope you understand it.
17th June 2018 From India, Mumbai

shayak-das

Sir,
Could you please tell, where the admin charge of 1.16% on Pension Contribution beyond Rs.15000 is to be deposited? It has been mentioned in the ceircular that the admincharge on the ceiling wage i.e 15000 to be born by the employee itself.
6th July 2018 From India

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Pension on higher wages as per Supreme Court order

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