Our organization is deducting the PF as per government rules, but the fund deposited by our organization in the pension fund is Rs. 541/-, and the balance amount is transferred to our PF account. In this case, how much pension can I get if I retire by 2022?
From India, New Delhi
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From India, New Delhi
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Kindly furnish your Date of birth, Date of join in PF, salary on 16.11.95 (if applicable), break in service details (if applicable) also, for pension calculation. Abbas.P.S
From India, Bangalore
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530From India, Bangalore
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I apologize for the delay in responding as I did not receive any notification while logging in. I only saw your query today.
Details for Pension Calculation
DOB: 07/01/1964
DOJ: 01/04/1986
Salary on 16th November 1995 was 15,000 per month.
Break in service: None.
Regards
From India, New Delhi
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Details for Pension Calculation
DOB: 07/01/1964
DOJ: 01/04/1986
Salary on 16th November 1995 was 15,000 per month.
Break in service: None.
Regards
From India, New Delhi
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Dear Rajiv K Mehta,
Your Past Service benefit (up to 16.11.95) slab is 85 and the multiplying factor as per table B is 7.686. Hence, the benefit is 85 x 7.686 = 653.
Pensionable service w.e.f 16.11.1995 is 27 years (approx.) and with 2 years bonus is 29 years. Pensionable salary is salary x service / 70 = 15000 x 29/70 = 6214.
Total pension is (1) + (2) = 653 + 6214 = 6867.
Abbas.P.S
From India, Bangalore
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Your Past Service benefit (up to 16.11.95) slab is 85 and the multiplying factor as per table B is 7.686. Hence, the benefit is 85 x 7.686 = 653.
Pensionable service w.e.f 16.11.1995 is 27 years (approx.) and with 2 years bonus is 29 years. Pensionable salary is salary x service / 70 = 15000 x 29/70 = 6214.
Total pension is (1) + (2) = 653 + 6214 = 6867.
Abbas.P.S
From India, Bangalore
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