I have been working with a private organization for the past 19 years. I am a member of the Group Superannuation scheme with LIC. Every year, our organization contributes 15% of our basic salary to this fund. Could you please provide me with the calculation for the pension under this scheme? I believe that 33.5% of the amount can be withdrawn at the time of retirement or when leaving the service, and LIC will provide a pension from the remaining balance.
From India, Delhi
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1From India, Delhi
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PF & Pension Amdmt Scheme 2010 for IW.pdf
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