Respected Sir, I hereby provide you with my EPF details. Kindly guide me on how to calculate the new pension amount I can receive as per the recent decision of the Supreme Court in the case of Mr. Praveen Kohli.
EPF Membership and Contributions
My date of birth is 01/12/1951. I became a member of EPF on 01/12/1973. I believe that after a few years of contributing to EPF, I started contributing more than 12%, i.e., 15% and 20%.
Resignation and Pension Details
I resigned from my services with the company effective from 31/03/1998, and at that time, my Basic + D.A. was Rs. 5,130 per month.
After reaching the age of 50, I applied for a pension. At that time, I also commuted 25% of the pension amount. The pension at that time was Rs. 876, and after commuting, my pension was Rs. 551.
Request for New Pension Calculation
Please inform me how much I can receive as the weightage amount of arrears, and kindly provide me with the new pension amount as per the recent Supreme Court rulings.
Thanking you,
Yours faithfully,
Mudgal
From India, Byahatti
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1EPF Membership and Contributions
My date of birth is 01/12/1951. I became a member of EPF on 01/12/1973. I believe that after a few years of contributing to EPF, I started contributing more than 12%, i.e., 15% and 20%.
Resignation and Pension Details
I resigned from my services with the company effective from 31/03/1998, and at that time, my Basic + D.A. was Rs. 5,130 per month.
After reaching the age of 50, I applied for a pension. At that time, I also commuted 25% of the pension amount. The pension at that time was Rs. 876, and after commuting, my pension was Rs. 551.
Request for New Pension Calculation
Please inform me how much I can receive as the weightage amount of arrears, and kindly provide me with the new pension amount as per the recent Supreme Court rulings.
Thanking you,
Yours faithfully,
Mudgal
From India, Byahatti
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Calculating New Pension Amount as per EPFO Supreme Court Rulings
To calculate the new pension amount based on the recent Supreme Court rulings, we need to consider various factors such as your EPF contribution rate, years of service, and previous pension details. Here is a step-by-step guide to help you determine the revised pension amount:
1. Determine Total Service Period: Calculate the total number of years you have contributed to the EPF scheme from the date you became a member in 1973 until your resignation in 1998.
2. Check Contribution Rates: Verify the contribution rates you mentioned, i.e., 15% and 20%, to ensure accurate calculations.
3. Calculate Pensionable Salary: Determine your pensionable salary, which includes Basic + D.A. at the time of resignation in 1998.
4. Calculate Previous Pension: Based on the information provided, your previous pension amount was Rs. 551 after commuting 25% of the pension.
5. Calculate Weightage Amount of Arrears: To calculate the weightage amount of arrears, you may need to consult with the EPFO or a financial advisor who can assist in determining this figure accurately.
6. Consider Supreme Court Rulings: Review the specific Supreme Court rulings related to EPFO pensions, especially the case of Mr. Praveen Kohli, to understand any changes or adjustments that may impact your pension calculation.
7. Consult EPFO Authorities: It is advisable to reach out to EPFO authorities or visit the nearest EPFO office with all your relevant details for a precise calculation of your new pension amount as per the recent Supreme Court decisions.
By following these steps and seeking guidance from EPFO officials, you can determine the revised pension amount in line with the recent Supreme Court rulings.
From India, Gurugram
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To calculate the new pension amount based on the recent Supreme Court rulings, we need to consider various factors such as your EPF contribution rate, years of service, and previous pension details. Here is a step-by-step guide to help you determine the revised pension amount:
1. Determine Total Service Period: Calculate the total number of years you have contributed to the EPF scheme from the date you became a member in 1973 until your resignation in 1998.
2. Check Contribution Rates: Verify the contribution rates you mentioned, i.e., 15% and 20%, to ensure accurate calculations.
3. Calculate Pensionable Salary: Determine your pensionable salary, which includes Basic + D.A. at the time of resignation in 1998.
4. Calculate Previous Pension: Based on the information provided, your previous pension amount was Rs. 551 after commuting 25% of the pension.
5. Calculate Weightage Amount of Arrears: To calculate the weightage amount of arrears, you may need to consult with the EPFO or a financial advisor who can assist in determining this figure accurately.
6. Consider Supreme Court Rulings: Review the specific Supreme Court rulings related to EPFO pensions, especially the case of Mr. Praveen Kohli, to understand any changes or adjustments that may impact your pension calculation.
7. Consult EPFO Authorities: It is advisable to reach out to EPFO authorities or visit the nearest EPFO office with all your relevant details for a precise calculation of your new pension amount as per the recent Supreme Court decisions.
By following these steps and seeking guidance from EPFO officials, you can determine the revised pension amount in line with the recent Supreme Court rulings.
From India, Gurugram
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PENSION CALCULATION.xls