Dear Abbas,
When is the CBT meeting scheduled next ? The decision regarding the implementation of the new pension scheme and remitting the due amount in respect of the new pension calculation can happen only after this meeting and decision then ?
1. How is the pensionable service calculated in the new pension scheme ? a) before 1995 b) after 1995 & c0 after 2014 ? How is the service calculated based on these factors ? Is there a additional +2 score added to the service if service is more than 20 Years ? Then the ( No of pensionable service / 70 ) gives you the factor for multiplication with your Basic Salary + DA. Is this correct ?
2. The ( Basic + DA ) for arriving at the pension amount per month - How is this taken ? Average of the last five years or average of the last one year ?
3. EPF proposal for ESI Insurance has been finalised ?
4. Is there a proposal to give a lump sum amount for the EPF retirees as a terminal benefit ? What is the formula for this ?
Satheesh Kumar.P
When is the CBT meeting scheduled next ? The decision regarding the implementation of the new pension scheme and remitting the due amount in respect of the new pension calculation can happen only after this meeting and decision then ?
1. How is the pensionable service calculated in the new pension scheme ? a) before 1995 b) after 1995 & c0 after 2014 ? How is the service calculated based on these factors ? Is there a additional +2 score added to the service if service is more than 20 Years ? Then the ( No of pensionable service / 70 ) gives you the factor for multiplication with your Basic Salary + DA. Is this correct ?
2. The ( Basic + DA ) for arriving at the pension amount per month - How is this taken ? Average of the last five years or average of the last one year ?
3. EPF proposal for ESI Insurance has been finalised ?
4. Is there a proposal to give a lump sum amount for the EPF retirees as a terminal benefit ? What is the formula for this ?
Satheesh Kumar.P