As per Pension scheme under EPFO, If any employee completes 10 years in pension contribution then employee will eligible for monthly pension and you will get pension certificate from EPFO.
You may withdraw your EPF contribution of (12% +3.67%) by filling online form 19.
30th May 2019 From India, Mumbai
Employees' Pension Scheme (EPS) provided by the Employees' Provident Fund Organisation (EPFO) EPS was launched in 1995 only. You have left your service by 1995. Whether you have opted for Pension scheme during 1995 is not clear is your post.
Please check with any nearby PF Office who will be able to give the right clarification.
30th May 2019 From India, Madras
date of joining is 1.4.1994 and a became member of EPF from Nov 1995. and about to retire on 31.5.2019. My gross salary is Rs. 22000/-p.m/ while basic salary is 16110/- p.m. Family pension contribution is done @8.33% on Rs. 15000/- for last five years. Please tell me how much pension i will get after retirement ?
30th May 2019 From India, Calicut
As per my calculation there is little difference:-
Average Salary will be = 14900/- (15000*57+6500*3)/60 = 14900
Since 15 k pension wages is effective from Sep'14. So for calculating 60 months Average Pension Salary, 57 months (Sep'14 to May'19) Pension salary will be considered on basis of 15 k and 3 months (Jun'14 to Aug'14) Pension salary will be considered on basis of 6.5 K
No. of year = 15 Nov'95 to 31st May'19 = 24 Yrs and 6.50 months = 25 Yrs
= 25 year + 2 years Bonus = 27 years
Pension should be = 14900*27 / 70
I request Mr Abbas (being expert of PF Pension calculation). He can throw more light on the matter.
Dear Mr. Mukund,
We have made calculation on basis of our experience and knowledge. Pls note whenever you will get pension, let us know the exact pension amount and share the calculation criteria as well. So that we can correct ourselves.
31st May 2019 From India, Delhi