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pca
1444

PFA circular dated 8.6.2018 issued by EPFO on the subject. Thanks
From India, Malappuram
Attached Files (Download Requires Membership)
File Type: pdf Pension_HigherWages_2896.pdf (486.3 KB, 461 views)

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Pca
Company Secretary In Practice
Moturajan
Branch Head
Korgaonkar K A
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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
From India, Faridabad
korgaonkar k a
2556

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.

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.

From India
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