Amendment In The Employee Pension Scheme,1995 - PDF Download

Dear Bavarva,
From the details furnished by you, you are entitled to get Rs. 1780/-. But there seems a difference of Rs. 93. This is equivalent to one year's pension, i.e 6500x1/70. Means there may be a break in service of around 3 months or more after 16.11.95.
Pensionable Service calculation is as follows
16.11.95 to 15.5.2009 = 13 years & 6 months, which has to be rounded up to 14 years. But as per PF records, they might have counted period prior to 15.5.2009. The reason for shortage of this service may be break in service or error in rounding up for the last 8 months. However the correct reason has to be obtained from EPF. If your employer is prompt, you can get the details from them also.
Abbas.P.S

DEAR ABBAS,
I HAVE RECEIVED THE ANSWER FROM A.P.F. COMMISSIONER SURAT. REGARDING MY APLICATION OF GETING LESS PENSION AS STATED IN EARLIER DISCUSSION.
IN THERE REPLY HE HAS GIVEN A REFERENCE OF H.O. LETTER NO. PENSION/A&C/I/2000/PIC/VOL.VI/90737 DT.: 19/02/2009. FOR FIXATION OF PENSION.
KINDLY GET DETAILS OF REFERED LETTER IF POSSIBLE. AND IF THERE IS ANY CLAUSE FOR CLEARIFICATION OF MY LESS PENSION THEN OK. OTHERWISE NOW WHERE i HAVE TO APROCH FOR RECTIFICATION, PEASE ADVISE.
G R BAVARVA
01-10-10.
COPY OF LETTER IS ATTACHED.

Dear Bavarva,
You had stated that your pension start on 6.8.2009. In my reply it was detailed that if the pension date is before 15.5.2009, the pensionable service will be 13 years and for on or after 15.5.2009 it will be 14 years.
But PF authorities has stated that the pension proceesing letter date is 19.2.2009. Accordingly one year less in sevice is justifiable.
For those continue in service, the service for pension will be taken upto the completion of 58 years (age). Please check whether this complies in your case. If yes, there is no room to register any complaint in this regard.
Abbas.P.S

Dear ABBAS,
For Pension calculation the following details are required.
1. Date of Birth 11.09.1945
2. Date of Join in EPF- 16.11.95
3. Break in service before 16.11.95
4. Break in service after - No
5. Salary on 16.11.95 - 10.000Rs
6. Salary at the time of Exit- 18000 Rs
Regard
Santosh D patil

How many minimum employees needed into propritory firm for pension applicability

I am a member of 1995 pension scheme,and getting a pension of Rs 902/-p.m.from my Retirement.
I heard that New amendment has appeared in pension scheme.can i get the additional pension?
who can guide me.pl.send the reply on my mail [Login to view]
Jayant Nisal
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Corporate Manager-HR/IR
7875757963

I am member of EPS-95 Pension Scheme. My Birth Date is 03/07/1958.My Date of Joining EPF is 22/06/1974 and Date of Exit is 30/09/2009. Service before 15/11/1995 is 21 Years, Months, 25 Days and Service after 15/11/95 is 13 Years , 10 Months, 15 Days. My Eligible Service is 35 Years. Wages on 15/11/1995 Rs. 4,500 and on Date of Exit Rs.6,500 NCP Days 0. I am getting pension of Rs.2,296 per month from 03/07/2016. and Type of Pension is Superannuation. Weightage Service Factor 2. Is it correct calculation of Pension. If it Correct please explain to me. and I also heard the there is amendment in EPS-95 Pension Scheme. Minimum pension will be Rs,7,500. It is true.

Dear All
++++++++++++++ Thanks for your inputs. Wish a happy and prosperous festival of lights, DIWALI +++++++++++++

Why there is no change to the Pention?As we all are getting pention of Rs 902/-from last so many yrs.
Always there is rummer that those who are Members of 1995 scheme,will get min. pension of Rs 7500/-p.m.
Is it true?.who can give the correct information.
Thanks
Jayant Nisal
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7875757963