Bhartiya Akhil
Freelancer
Srinath Sai Ram
Hr Manager

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Anonymous
Dear Seniors, Attached is a PPO received from the PF office. Can anyone tell me, if the calculation is correct or not. 34 years Service period and pension amount Rs.3384/-. Thank You !
From India

Attached Images
File Type: jpg ppo.jpg (435.2 KB, 60 views)

Dear Friend,

Your date of joining is 01.01.1988 i.e. prior to 1995.

Your total service of 31 years will be divided in to:

1. Past Service i.e. between 01.01.1988 and 15.11.1995 - 7 year 11 months (less than 10 years)

2. Pensionable Service i.e. between 15.11.1995 and 30.05.2019 - 23 years 7 months i.e. 24 years.

Your salary was equal to / more than Rs. 2500/- pm as on 15.11.1995. So, you are entitle to Pension for Past Service of Rs. 85 pm.

In your pensionable service of 24 years you need to add 2 years weightage service since you worked for more than 20 years.

So your pensionable service is 24 + 2 = 26 years. Your pensionable salary is Rs. 14,231/-.

Your entitlement to monthly pension as under:

(Pensionable Salary x Pensionable service) / 70

= 14,231 x 26 /70

= 5286

So your total pension would be:

For past service Rs. 85

For pensionable service Rs. 5286

-----------------------------------------

Total Rs. 5371

-----------------------------------------

The above calculation of mine is on my understanding to law up till now. The inputs are correct but there is a deviation somewhere in my understanding and the EPFO calculation.

You are requested to take up this to someone else and revert so that I can correct myself if wrong.

From India, Mumbai
Dear Mr Akhil, Please peruse Specimen-Pension Work Sheet-Part-A & Computation of Pension-Part-B Pension is Calculated proportionately based on Last 5 Years EPS Wages, Not on Last Drawn EPS Wages
From India, New Delhi

Attached Files
File Type: pdf Pension Worksheet-Part A -.pdf (1.74 MB, 76 views)
File Type: pdf Computation of Pension-Part B.pdf (1.69 MB, 73 views)

Anonymous
Thanks @akhil & Srinath, I calculated the same way as akhil did. However, as per EPFO the amount comes to Rs.3,384/- only. Due to corona i am not able to approach them personally to clear my doubts and sent several mails regarding this, but no reply. Can I go legally against them?
From India
Dear Srinath Sai Ram,
Thanks a lot for helping me to correct my understanding. I was wrong some places.
When I tried the calculation on available goggle format in excel, some different figure is coming. One excel format is also available on this forum. There also you get different figure. I was bit confused.
The calculations given by you gave me some idea but I am enable to bring the figure of Rs. 3,384 somehow. The queriest says that she could arrived at the figure.
May I request you or the queriest or any one else to help out this calculation in excel or even in text?

From India, Mumbai
Dear Mr Akhil,
EPS Wages from 1995 till the date of Retirement has to be factored.Each Year EPS Wages is taken in to consideration for determining pension.Computerized EPS Pension Calculation Sheet will be issued to the Member

From India, New Delhi
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