Pension on higher wages as per Supreme Court order

pca
PFA circular dated 8.6.2018 issued by EPFO on the subject.
Thanks
1 Attachment(s) [Login To View]

Moturajan
Hello I want to understand that higher wages means pension revision on the basis of revision in the wage after the retirement of the pensioners.
Please help me to understand
Thanks Rajan
korgaonkar k a
Dear Rajan ji,
I will explain you in very short.
Pension contribution is restricted on Rs. 15000 (earlier Rs. 6500). Pension is calculated on this pensionable salary.
What SC said, if you want more pension you have to contribute more. So you can now contribute more to get more pension, retrospectively, if your salary is more than threshold.
Hope you understand it.
shayak-das
Sir,
Could you please tell, where the admin charge of 1.16% on Pension Contribution beyond Rs.15000 is to be deposited? It has been mentioned in the ceircular that the admincharge on the ceiling wage i.e 15000 to be born by the employee itself.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute