I have completed the job in my organization for 20 years, and now I am 49 years old. How can I apply for pension? Please provide me with the procedure and the monthly pension amount. How does the PF office calculate this monthly pension amount?
Thank you.
From India, Pune
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Thank you.
From India, Pune
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Hi Subha,
Your age is 49 years. The pension would start after 58 years. If you have left the company and you want to withdraw the PF & Pension amount, you have to fill Form 19 & 10 C. Instead of getting the pension amount, you will get a certificate showing your length of pensionable service and amount. The pension calculation will be made based on your last salary (Basic + DA) drawn. If it is more than Rs 6500 per month, it will be calculated only on Rs 6500. If it is less than Rs 6500, it will be calculated on this.
AMATYA
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4Your age is 49 years. The pension would start after 58 years. If you have left the company and you want to withdraw the PF & Pension amount, you have to fill Form 19 & 10 C. Instead of getting the pension amount, you will get a certificate showing your length of pensionable service and amount. The pension calculation will be made based on your last salary (Basic + DA) drawn. If it is more than Rs 6500 per month, it will be calculated only on Rs 6500. If it is less than Rs 6500, it will be calculated on this.
AMATYA
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
Method of calculation of wages.doc