Dear sir, i need to know how much monthly pension amount i can able to get through EPF regards vinoth
From India, Coimbatore
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2From India, Coimbatore
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My salary is Rs. 11,925/-, with the last PF deduction amount being Rs. 1,000/-. I worked for 5 years. During my time working, I met with an accident in which I lost both my legs. Now, I am a 100% disabled person. I would like to inquire about the amount I am eligible to receive as a pension.
Regards,
Vinoth
From India, Coimbatore
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Regards,
Vinoth
From India, Coimbatore
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You will get pension as per para 12(2) and 15 of pension scheme,which will be approximately Rs460/ -. Varghese Mathew 9961266966
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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The entire concept of a pension at this rate seems to be a joke on the worker. No wonder people try to avoid PF contributions or try to draw away the pension. A person who was getting a salary of 11,000 will get a pension of 450 per month. It won't even give him a decent meal for one week!
From India, Mumbai
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From India, Mumbai
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Hi saswatabanerjee, Can you plz elaborate me how the pension is calculated. Hope it will be useful for the upcoming readers like me. Thanks & Regards, Brindha
From India, Coimbatore
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From India, Coimbatore
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Brindha, The calculation is ; Pensionable salary x pensionable service divided by 70. Varghese Mathew 09961266966
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Dear all seniors,
First of all, I thank Mr. Varghese Mathew for his reply, and I also want to share something about our government scheme. I am getting Rs. 10,000/- per month for my disability through ESIC. It's only a disability scheme, not a pension scheme. This amount I can receive while I am alive, but after my death, my family will not be able to receive it because it's not a pension scheme. Please, can anyone tell me about the PF pension scheme? Also, is it possible to receive more in the PF Pension because they deduct Rs. 1,000/- per month.
Thanks & Regards,
B. Vinoth Kumar.
From India, Coimbatore
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First of all, I thank Mr. Varghese Mathew for his reply, and I also want to share something about our government scheme. I am getting Rs. 10,000/- per month for my disability through ESIC. It's only a disability scheme, not a pension scheme. This amount I can receive while I am alive, but after my death, my family will not be able to receive it because it's not a pension scheme. Please, can anyone tell me about the PF pension scheme? Also, is it possible to receive more in the PF Pension because they deduct Rs. 1,000/- per month.
Thanks & Regards,
B. Vinoth Kumar.
From India, Coimbatore
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Provident Fund and Pension Details
The amount deducted from your salary towards the provident fund can be withdrawn by submitting Form 19. The contribution to the pension fund is paid by the employer. In the unfortunate event you mentioned in the third paragraph above, I believe your family will receive a widow pension. The details will be posted later.
Regards,
Varghese Mathew
[Phone Number Removed For Privacy Reasons]
From India, Thiruvananthapuram
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The amount deducted from your salary towards the provident fund can be withdrawn by submitting Form 19. The contribution to the pension fund is paid by the employer. In the unfortunate event you mentioned in the third paragraph above, I believe your family will receive a widow pension. The details will be posted later.
Regards,
Varghese Mathew
[Phone Number Removed For Privacy Reasons]
From India, Thiruvananthapuram
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PF & Pension Amdmt Scheme 2010 for IW.pdf
EPF PENSION CALCULATION.zip