Employees’ Pension Scheme (EPS) of 1995 offers pension on retirement, disablement, pension to widow and pension for nominees. This article explains how much EPS Pension will you get along with the Pension Calculator if you retire at age of 58 years.
Table of Contents
Overview of EPS or Employee Pension Scheme
The EPF pension or EPS is a pension scheme for the employees of organized sector. This pension scheme gives a guaranteed monthly pension after the retirement. Employee provident fund organisation(EPFO) manages the pension account of all those who are contributing to EPF including private trust. Our article Understanding Employee Pension Scheme or EPS explains EPS Pension in detail but an overview of the EPS Pension is given below.
- 8.33% of employer’s monthly contribution from the EPF goes into EPS. Monthly contribution to EPS is restricted to 8.33% of 6500 or Rs 541 p.m and from Sep 2014 Rs 1250 (8.33% of 15,000). Government’s contribution is of 1.16% of the worker’s monthly wages if salary less than Rs 6,500.
- Unlike the EPF contribution EPS part (8.33% out of 12% contribution from your employer or Rs 541 and after Oct 2014 Rs 1250 what ever is minimum) does NOT get any interest.
- Lifelong pension is available to the member and upon his death members of the family are entitled for the pension.
- Pension is called Superannuation pension if one gets pension on retiring on attaining the age of 58 years
- A employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58/50 years.
- One can apply for EPS Pension from a date immediately following the date of completion of 58 years of age notwithstanding that the person has retired or
ceased to be in the employment before that date. - Maximum Pension one can get is Rs 7,500 per month.
- Minimum Pension one can get is Rs 1,000 per month.
- Maximum service for the calculation of service is 35 years.
- The fraction of service for six months or more is treated as one year and the service less than six months shall be ignored. So 9 years and 6 months will be rounded up to 10 years.
- If no wage is earned for a certain period, that period is to be deducted from the service, as there will be no contribution to Pension Fund.
- If one resigns before completing 9 years and 6 months of service, you get the “withdrawal benefit” which depends on your monthly salary and the no. of years of service.
- No pension is payable before the age of 50 years.
- Early pension can be claimed after 50 years but before the age of 58 years. But it is subject to discounting factor @ 4% (w.e.f. 26.09.2008) for every year falling short of 58 years. In case of death / disablement, the above restrictions doesn’t apply.
- No pensioner can receive more than one EPF Pension. So if you have worked in multiple organizations you meed to consolidate all your EPS and then apply for EPS Pension. If you have multiple Scheme Certificate you need to submit all of those.
- EPS Pension is taxable and has to be considered under the head Income from Salaries.
Along with Employee Pension Scheme there is National Pension Scheme(NPS). Most of the new government employees are now the member of National Pension Scheme. However, most of the private employees are still with the EPF pension but can contribute to NPS. Our article Understanding National Pension Scheme – NPS explains it in detail.
How to apply for the EPS pension?
One needs to fill the Form 10D and get attested by bank manager with photo and other required documents. Submit the form to EPFO. Once you complete the service of 10 years, then you get the scheme certificate. This scheme certificate can be used to claim your pension either from 58/50 Yrs. Our article Forms to avoid TDS,15G, 15H, and EPF Withdrawal Forms Form 19, Form 20,Form 10C,Form 10D,Form 51F explains it in detail.
How much EPS Pension will you get?
Pension depends on your contribution to Pension Fund and your number of years of service. Way to calculate pension changed on 15 Nov 1995. Hence there are two ways in which pension can be calculated. Two different ways of calculating pension is explained below along with the EPS Pension Calculator.
- If you joined after 15/Nov/1995
- And If you joined before 15/Nov/1995 but will retire after 15/Nov/1995.
The other changes in EPS Pension Calculation are:
- Increase in Pensionable Salary from Rs 15,000 per year(Rs 1250 per month) after 1 Sep 2014 and was Rs 6500 per year(rs 541 per month) before 1 Sep 2014.
- No pension is payable before the age of 58 years. It was 55 years before 10 Feb 2016.
How much EPS Pension will you get if you joined after 15.11.1995
For those who joined after 15 Nov 1995 the formula for calculation of Pension is simple. the formula of calculation of pension is,
70
Number of Years of Service in calculating EPS Pension
- You are eligible for pension after the 10 years of contributing to EPS. If your number of years are less than 10 you can withdraw your EPS amount.
- Maximum service for the calculation of service is 35 years.
- If you have completed more than 20 years in service then add two years bonus in above equation.
- The fraction of service for six months or more is treated as one year and the service less than six months is ignored. So 9 years and 6 months will be rounded upto 10 years, 15 years 9 months will be rounded to 16 years but 15 years 3 months will be rounded to 15 years.
- If you withdraw your EPS from earlier job,through Form 10C, then earlier years of service will not be counted.
Salary in calculating EPS Pension
- The Average Salary here means pensionable salary in the scheme.
- Pensionable Salary here means amount you were contributing in EPS which is restricted to Rs 15,000 per year after 1 Sep 2014 and was Rs 6500 per year before 1 Sep 2014.
- It is arrived by considering the average contributing salary preceding 60 months from the date of exit. (Earlier it was preceding 12 months)
Lets look at examples of EPS Pension Calculation.
Ex: How much pension will Rahul get if he works for 14 years from 1 Jun 2015
Rahul started his job on 1 Jun 2015. He works for 14 years. His average salary is 20,000 per month but for pension service maximum salary considered is Rs 15,000 or Rs 1250 per month. So Mr. Kapoor’s pension from 2 Jun 2030 will be Rs (15,000 X 14)/70 = Rs 3000 per month.
Ex: How much pension will Rajni get if she works for 10 years from 1 Sep 2007 and retires on 1 Sep 2017
As Rajni has contributed Rs 1250 per month from 1 Sep 2014, if she retires on 1 Sep 2017, her pensionable salary for last 60 months or 5 years will be Rs 11,600.
hence her pension would be (11600X 10/70) = Rs 1657 per month
Ex: How much pension will Shivani get if she works for 20 years from 1 Sep 2010 and retires on 1 Sep 2030
As Shivani has contributed Rs 1250 per month from 1 Sep 2014, if she retires on 1 Sep 2016 her pensionable salary for last 60 months or 5 years was Rs 15000 So her pensionable salary will be considered as (Rs. 15000*5 )/5= Rs 15000 per year. But as she has worked for 20 years she would get 2 years of bonus,
hence her pension would be (15,000 X 22/70) = Rs 4714 per month.
What is the maximum amount of Pension available under EPS?
Based on a maximum employment period of 35 years, and maximum contribution of Rs 15000, the maximum amount of pension as per the Pension formula would be = 15000 * 35/70 = Rs 7,500 per month or Rs. 90,000(7500 * 12) per year.
EPS Pension Calculator if you joined after 15.11.1995
The EPS Pension Calculator calculates EPS Pension for those who joined after 15 Nov 1995.
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How much EPS Pension will you get if you joined before 15.11.1995
For a person who started earning and joined EPF before 15.11.1995, Pension calculation has 3 components:
(a)Past Service Benefit (b)Pensionable Service Benefit (c)Proportionate Reduction
- Past Service : means the period of service rendered by an existing member from the date of joining Employees’ Family Pension of 1971 till the 15th November, 1995.
- Pensionable service means period of service rendered from 16 Nov 1995.Same as the calculation of pension who joined after 15.11.1995
- Proportionate reduction: if the past service is less than 24 years and past service benefit + Pensionable service pension is less than Rs. 500.
Here, the formula of calculation of pension for those who joined before 15/Nov/1995 is:
Past Service benefit + Pensionable service benefit – Proportionate reduction subject to minimum pension specified for each group.
For those who joined after 15.11.1995 only Pensionable Service Benefit is applicable
The pension for someone who joined before 15/Nov/1995 is calculated in two parts.
- (a) Calculate the pension for the period after 16/11/1995,Pensionable service, which is explained earlier.
- (b) Calculate pension amount for the period before the 16/11/1995, Past Service Pension,
- Check the proportionate reduction subject to minimum period depending on when the pension started or date of commencement of pension.
If date of commencement of pension is after 16th November, 2005
- (a) The period of Pensionable service rendered from the 16th November, 1995 or Rs 635 per month whichever is more.
- (b) Past service pension for pension till 15th November, 1995
- The sum of (a) and (b) calculated will be subject to a minimum of Rs. 800 per month provided the eligible service is 24 years. If it is less than 24 years, the pension as computed above shall be reduced proportionately subject to a minimum of Rs. 450 per month
If date of commencement of pension is between 16th November, 2000 and 16th November, 2005
- The period of Pensionable service rendered from the 16th November, 1995 or Rs 438 per month whichever is more.
- Past service pension for pension till 15th November, 1995
- The sum of (a) and (b) calculated will be subject to a minimum of Rs. 600 per month provided the eligible service is 24 years. If it is less than 24 years, the pension as computed above shall be reduced proportionately subject to a minimum of Rs. 325 per month.
The date of commencement of pension is before 16th November 2000
- The period of Pensionable service rendered from the 16th November, 1995 or Rs 335 per month whichever is more.
- Past service pension for pension till 15th November, 1995
- The sum of (a) and (b) calculated will be subject to a minimum of Rs. 500 per month provided the eligible service is 24 years. If it is less than 24 years, the pension as computed above shall be reduced proportionately subject to a minimum of Rs. 265 per month.
EPS Pension: Past Service Computation
To calculate EPS pension amount before 15/Nov/1995, Table A is used which shows Pension amount based on Basic Salary and number of years of service till 15/Nov/1995. The pension is fixed according to the pay band and service period till 15/Nov/1995. If a person had basic salary of Rs 3000 on 15/Nov/1995, and he had worked for 16 years till 16/Nov/1995, then using the table A, he would get 130 pension per month for service before 16/11/1995.
| Years of Past Service | Salary Upto ₹ 2500 | Salary above 2500 |
| Up to 11 years | 80 | 85 |
| 11-15 years | 95 | 105 |
| 15-20 years | 120 | 135 |
| Above 20 years | 150 | 170 |
Table B: Enhanced Pension for retirement Years after 15/Nov/1995
The employee, who retires after 15/Nov/1995 gets enhanced pension of the past period. If any employees attains his 58 years after 16.11.1995, his pension amount will be multiplied by a factor stipulated in table D according to the difference between 16.11.1995 and the retirement i.e date of completion of 58 years. For example, If the above person, who worked for 16 years before 15/Nov/1995 retires on 20/11/1996, he would get the pension of Rs 183.6 (135 x 1.122).
TABLE B:FACTOR FOR COMPUTATION OF PAST SERVICE BENEFIT
| less than 1 year | 1.039 |
| less than 2 year | 1.122 |
| less than 3 year | 1.212 |
| less than 4 year | 1.309 |
| less than 5 year | 1.413 |
| less than 6 year | 1.526 |
| less than 7 year | 1.649 |
| less than 8 year | 1.781 |
| less than 9 year | 1.923 |
| less than 10 year | 2.077 |
| less than 11 year | 2.243 |
| less than 12 year | 2.423 |
| less than 13 year | 2.616 |
| less than 14 year | 2.826 |
| less than 15 year | 3.052 |
| less than 16 year | 3.052 |
| less than 17 year | 3.560 |
| less than 18 year | 3.845 |
| less than 19 year | 4.152 |
| less than 20 year | 4.485 |
| less than 21 year | 4.843 |
| less than 22 year | 5.231 |
| less than 23 year | 5.649 |
| less than 24 year | 6.101 |
| less than 25 year | 6.589 |
| less than 26 year | 7.686 |
| less than 27 year | 7.686 |
| less than 28 year | 8.301 |
| less than 29 year | 8.965 |
| less than 30 year | 9.682 |
| less than 31 year | 10.457 |
| less than 32 year | 11.294 |
| less than 33 year | 12.197 |
| less than 34 year | 13.173 |
Example of EPS Pension Calculation for those who joined before 15.11.1995
- Date of Joining: 01/06/1985
- Salary as on 15/11/1995: Above Rs 2500 per month.
- Salary on Completion of 58 years as on 01/01/2018: Rs 15,000
- Past Service : 01/06/1985 to 15/11/1995 or 10 years
- Compensation, For Past Service as per Table A, is Rs 85
- But Retirement at age of 58 is on 01/06/2018,difference between 01/06/2017 and 15/11/1995 is 22 years, So its 5.649 as per Table B.
- Past Service Benefit (Table A x B): Rs 85 x 5.649= Rs 480.165
- Pensionable Service from 15/11/1995): 22 years
- Additional Weight age: 2 years
- Pensionable Salary(last 5 years): Rs 11,600.
- Pension Admissible: 11,600.x 24/70 = Rs 3977
- Total Pension: Rs 5142+Rs 515 = Rs 4457
EPF Pension Calculator if you joined before 15.11.1995
The EPS Pension Calculator calculates EPS Pension for those who joined before 15 Nov 1995. It is still in development stage as we have to include proportionate reduction.
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Related Articles:
- Income Tax for FY 2015-16 AY 2016-17
- EDLI, Employee Deposit Linked Insurance Scheme
- UAN or Universal Account Number and Registration of UAN
- New EPF Forms for those with UAN for submission without Employer’s attestation
- Salary,Allowances,Dearness Allowance,Government Salary, Pay Commission
Hope this helped in understanding how much EPF Pension will one get. Yes EPS Pension is not much but every rupee counts. You do need to make other investment plans to have a great retirement.
This website is very useful for all thanks with regards.
Hi I am unable to transfer my PF and Pension from my previous company to present company due to below reason.
Your Claim Claim Id – BGMRD190650011744 has been rejected due to : 1) KINDLY TRANSFER EPS DETAILS FROM BGBNG/24611 & THEN RESUBMIT THE CLAIM 2) 3A/6A NOT SUBMITTED BY THE EMPLOYER
Before this I had done a tranfer of my PF successfully from earlier(previous to previous) company to previous one by giving a filled manual form to as online transfer was not working due to 2 different UAN numbers. The reason for 2 different UAN’s was on the day of my joining to previous org Nov 2016, there was an issue with UAN portal hence created different UAN in Previous org.
I was under impression that whenever pf transfer is done pension related service history will also get transfered but in my case its not done .By Mistake i submitted 10C which resulated in pension withdrawal for 8 year service.
Now i am not sure how to deal with this for my pension as well as for my PF tranfer to current org.
Here is my Service history
August 2000 to Feb 2001 Org1 (No UAN available that time )
Feb2001 to April 2003 Org2 (No UAN available that time dont have PF number at this moment )
April 2003 to June 2008 Org3 (No UAN available that time
June 2008 to Oct 2016 Org4 .. (Had UAN1 > I ENDED UP WITHDRAWING PENSION UNKNOWINGLY
Nov 2016 to Jan 2018 Org5 (Create different UAN2) TRANSFER TO Org4 to here is done by manual form.
Jan 2018 till date Org5 … PF TRANFER IS FAILING HERE WITH REASON Your Claim Claim Id – has been rejected due to : 1) KINDLY TRANSFER EPS DETAILS FROM BGBNG/24611 & THEN RESUBMIT THE CLAIM 2) 3A/6A NOT SUBMITTED BY THE EMPLOYER
Can you help how to deal and how to get service history to claim EPS when i retire.
Sir, EPS calculators are not functional. Not throwing any data, when keyed in the required input.
Please do the needful.
Thanks for letting us know.
We shall update once the bug is fixed.
Subject : Needed review to Revision / Implementation of EPS (Employee Pension Scheme) in private sectors retired employees in the tune of revised for MP, MLA, Senior Citizen, Widow and Unemployed youths etc. etc.
Pensions System in India
Member of Parliament: The Act entitles an Member of Parliaments to receive a salary of Rs 16,000 per month for the whole term and an allowance of Rs 1,000 for each day of session provided he signs the register maintained by the Secretariat of the House. The Bill enhances the salary to Rs 50,000 and the allowance to Rs 2,000 each day. These shall be applicable from May 18, 2009.
No doubt Senior Citizens are a treasure to our society, I heartily respect our Government that they providing Pensions to public under some domains for Social Security to Indian citizens for different perspectives. Delhi Govt Increases Old Age, Widow, Disability Pension by Rs 1,000 Each after this revision in the pension scheme, senior citizens in the age group of 60-69 years will get Rs 2,000 as pension now as against Rs 1,000 old age pension, while those above 70 years will now get Rs 2,500.
What should be EPS System in Private Sector Employee
Respected Sir,
I draw your kind attention to the EPS (Employee Pension Scheme) retired from private sectors. A person who is working experience is more than or equal to minimum 10 years are eligible for EPS. Every month his share deducted from the Salary and goes to EPF and EPS as per rule. PF Rule 1952, 1995 and 2014 which are amended time to time.
After 35 year of job and after attain the age of 58 years, a person is eligible to get maximum Pension of Rs. 5000/- under 1995 rule and Rs.7500/- under 2014 rule ;
My request to the Hon’ble HRD Ministers in Government, To provide Social security for life survival living to retired private sectors employees, who are eligible to get pension under EPS after more than 9.6 years of deposit EPF and EPS funds in EPFO.
What should be implemented
After 10 year of jobs and after attain the age of 58 he / she is eligible to get minimum pension should be fixed
under EPS 1952, 3500/- minimum pension,
Under EPS 1995 minimum 6500/- pension
and under EPS 2014 minimum 15000/- pension
and every year minimum pension should be revised according to the tune of (increase in DA in pay commissions in India).
The next step should be after fixation of minimum pension in EPS : After Completion of 10 year and after attain the retirement age, the person will be applicable in which term he / she retires.
After Start of 1th year onward in EPS Scheme %age increase in Initial pension UNDER EPS 1952 Minimum Pension UNDER EPS 1995 Minimum Pension UNDER EPS 2014 Minimum Pension
After 10 year Initial Pension 3500 6500 15000
11th year 11 3885 7215 16650
12th year 12 3920 7280 16800
13th year 13 3955 7345 16950
14th year 14 3990 7410 17100
15th year 15 4025 7475 17250
16th year 16 4060 7540 17400
17th year 17 4095 7605 17550
18th year 18 4130 7670 17700
19th year 19 4165 7735 17850
20th year 20 4200 7800 18000
21st year 21 4235 7865 18150
22nd year 22 4270 7930 18300
23rd year 23 4305 7995 18450
24th year 24 4340 8060 18600
25th year 25 4375 8125 18750
26th year 26 4410 8190 18900
27th year 27 4445 8255 19050
28th year 28 4480 8320 19200
29th year 29 4515 8385 19350
30th year 30 4550 8450 19500
31st year 31 4585 8515 19650
Kindly make necessary amendments in PF constitutions to pay for life survival payment to those who spent whole life in private sectors jobs and after retirement age when there is no saving with them, they really need of money for survival.
Commen Citizen of India
I have completed the my 58 year on 31/03/2020 my basic pension is Rs.15000.00 I have joind the EPFO Feb 1997, as per the pension calculated By EPFO is Rs. 3003 Per Month as per calculator it should be 15000*23/70= 4928.00 Please clarify the matter.
Please file an EPF complaint as explained here How to register EPF complaint at EPF Grievance website online
Dear sir,
As you have completed 23 yrs you may get 2 yrs bonus.
Than it would be 15000X25÷70,it will be 5359.00 lodge a complain and go to epfo office.
Hi Sir,
I had on EPF account opened in 2004 and I withdrew PF amount on 2011 ( after 7 years of service)when I left my job. Then I again started my career in 2016 and working as of now with a new PF account. Please let me know whether the experience of 7 years will be counted as service period for calculating pension. Is my service period 5 years or (5+7) years?
Regards,
Dhanya
Did you withdraw from pension account or not?
If you have withdrawn from the pension account then earlier service years will not be counted.
If you have not withdrawn from the pension account then earlier service years will be counted
I joined on 15.12.1986 in govt sector@ retired on 31.07.2019.How much pension will be fixed to me.
THE EPF PENSION CALCULATED IN TWO METHOD. ONE IS ON RS.6500/- AND OTHER IS ON RS.15000/-. SUPPOSE RATAN JOIN AT 16/11/1995 AND RETIRE AT 31/01/2018. IN 58 YEARS OLD. SO HE GETS PENSION IS = 19+1.1(BONUS)*6500/70 = 1866/- AND OTHER IS 4+.9(BONUS)*15000/70 =1050/- SO HE GETS PENSION RS. 1866+1050 = 2916/- PER MONTH. NOTE:- IF HE TAKES PENSION AFTER 60 YEARS THEN 8.16% OF PENSOIN AMOUNT(2916) EXTRA ADDED WITH HIS PENSION. (PROVEN WITH FIVE PERSIONS.)
I have a long service over 35 years including service weightage. But, instead of getting a pension amount of Rs. 5650, I’m only getting 3352 Rs.!.
PF pension is not providing me based on what you have mentioned here. So, my question is:
Can I register a complaint against this to the relevant authorities ?
Sure you should raise a complaint and under why are you getting less pension?
perhaps epfo have calculated pension upto 2014 considering the salary as 65000 and not the average salary of last 5 years. calculation of pension after 15/11/95 is in two parts 1.. upto 2014 with salary of 6500 and beyond that with average salary of last 5 years. try to calculate with this formula and you may be closer to their calculation. regards
Sir,
I have worked from 17th Jan, 2000 to 28th Feb, 2015 in one company and claimed now EPS from EPS office and the claim under process.
Also I worked in another company From 08th Mar, 2015 to 03 Aug, 2016 and when i tried online withdrawal of EPS amount , not able to proceed and company HR says they can not do any thing as entire system online.
But I have one UAN number
Please help me , how EPS office will proceed in caculating EPS monthly amount and Last company amount how to withdraw / or to club with ongoing EPS settlement.
Best Reagrds,
KSPR
I have joined a public sector company (M/s HSCL) on 10th March 1976and served till 26th Jun 1999 on VRS. From 1st Jul 1999 I joined L & T Ltd ECC division. Since Unions rejected option of EPFO my contribution was with Family Pension Scheme. Later people joined EPFO on their own. Since I took VRS Family pension stayed with M/s HSCL trustee at Calcutta due to unilateral decisions of the company directors. Now the whole family pension amount is with M/s HSCL and I got retired from L & T Ltd l 31.12.2012 and I am getting a pension of Rs.1917 from EPFO as on date. Now the EPFO says I have not continued PF from HSCL to L& T I can’t claim the previous co pension and M/s HSCL is also not co operating in getting details. EPFO says claiming pension from HSCL will disqualify me from getting L & T Ltd pension also.
Now I want to know that how much pension I will get now after Supreme court decision.
My Basic salary was Rs.26500/- while I retired. All other allowances were not taken for total salary as per (L & T Ltd) co rules.
Please guide me
Ramesh L Joshi
Mob no 9482339982
Hubballi , Dharwad dist
Karnataka
EPS Pension Calculation was going right for those who retired between Sep 2014 and Jan 2016. Somewhere during end of 2015 or early 2016, the EPS pension calculation software was changed by EPFO Head office and this started impacting for the persons who retired between Jan 2016 and Oct 2019.
After Sept 2019 anyone who retires, will have his/her pension calculated on 15000 wages because 60 months average will always be 15000 from Sep 2014 to Aug 2019.
For those who are suffering, approaching Consumer Court is one option where a case can be filed for less pension due to wrongful software implementation from Jan 2016. Else, some cases like this can meet the Labour Minister in New Delhi and have the EPS calculating software corrected.
Thanks for sharing the info.
Dear Sir,
EPFO is doing serious mistake in calculating the pension and giving less pension.
My details of EPS as follows :
Date of Joining : 09/04/1983
Date of Exit : 28/06/20118 Reason for Exit : Superannuation
Service before 15.11.1995 = 12 year 10 month 9 days
Service after 15.11.1995 = 22 year 7 month 12 days
weightage = 2 year
My Calculation :
Pensionable Salary = Rs. 12875.00
( average monthly salary of 60 months prior to retirement
from Sept 2014 to June 2018 = 45 months with salary 15000=00 and for previous 15 months with salary 6500=00
[15000X45 + 6500X15 ] / 60 = 12875.00 # matches with EPFO calculation
Pensionable service = 23 + 2 year bonus = 25 years
1) Monthly members pension
= ( pensionable salary X pensionable service ) / 70
= ( 12875 X 25 ) / 70 = Rs. 4598 # Does not match with EPFO
2) Past service pension = 105 X 5.649 = Rs. 593 # matches with EPFO calculation
Total pension = 4598 + 593 = Rs. 5191 / month.
The pension offered to me is Rs.3226/month against my calculation of Rs.5191 / month.
( less by Rs.1065 / month )
Calculation done by EPFO office to arrive at Rs. 3226 pension :
Pension calculated done in three parts :
A) for service from 1.9.2014 to 28.6.2018 ( 1396 days )
( 12875 X 1396 ) / ( 365 X 70 ) = 703
B) for service from 16.11.1995 to 31.08.2014 ( 6856 days )
( 6500 X 6856 ) / ( 365 X 70 ) = 1744
C) For 2 bonus years
( 6500 X 2 ) / 70 = 186
Monthly members pension = A + B + C = 703 + 1744 + 186 = 2633
Past service pension = 105 X 5.649 = Rs. 593
Total pension = 2633 + 593 = 3226
This indicates that EPFO is not following the notified pension method.
People at EPFO visakhapatnam office do not agree.
I contacted EPFO visakhapatnam office, but they adhere to their own method of calculation.
I will like to have your opinion on EPFO calculation methodology.
Dear Krishna,
I was also confused with my pension calculation. I also thought that EPFO is not following the notified pension method. However, one of my friend clarified as follows:
Reference: EPFO circular no. Actuarial/ 18 (2) 2008/ Vol III/ 7738 dated 28th Aug’2014
Para 3: wef 1st day of Sept’14, pensionable salary shall be calculated on average pay of 60 months. _______ Pensionable salary shall be calculated on pro-rata basis separately for the period up to 31.08.2014 up to wage ceiling of Rs 6,500/- per month and for the subsequent period up to the wage ceiling of Rs 15,000/- per month.
2. This shows that EPFO is calculating pension as per their notification dated 28th Aug.’14.
3. Looking at above justification, I am now convinced. You can also see above notification and decide.
Why are pf office taking average of Rs 12875 in place of 15000 for the period 2014 to 2018 ??
Also bonus year pension should be decided on 15000 salary
Hello Sir,
I have worked for 4 companies and got my PF transferred from previous companies. After completing my services for 8 year 7 months, I initiated my withdrawal from the last organization which has all my previous PF transferred to the current account. When the withdrawal was processed I have received my full EPF amount but the EPS amount is not matching to my EPFO EPS passbook contribution from my all organizations. It is way too less. Can you please help me if I need to raise different form 10c for my each organization for EPS withdrawal or there is different calculation for it. Thanks
Shubh
You can raise the complaint to EPFO as explained in the article here http://bemoneyaware.com/epf-grievance-complaint-online/
No need to apply different form 10C for different establishment. However submit only one Dorm 10D in the last establishment who will forward the same to the EPFO for grant of penson. Also you can wait till you attain the age of completion of 60 years to get more pension at enhanced rate of monthly pension.
Sir,
I have worked from 20.10.1992 to 03.09.1998 and my EPF amount not with drawn and again i joined EPF on 01.04.2010 to 31.03.2019, how my pension calculated. (my old account amount merged in new pass book)
You will get the pension earliest when you turn 58.
It will be more than 1000 Rs.
You raise the complaint as explained in EPF grievance article to find the pension amount.
my husband service periode 2 month.he is died in september 2018.how much widow pension i will get
Hello Sir, I have joined EPF/EPS in 20.09.2010 and left 18.02.2011, less than six month with basic less than 6500/-, I have withdrawn my PF but EPS rejected due to less than 6 month, Now i have again joined EPF/EPS on 01.04.2019 with basic more than 15000, Is i am eligible for EPS contribution, or should all amount goes to EPF, Kindly advice.
I have joined in cement corporation of India limited adilabad from 1982 to 2002 VRS taken due to company position presently getting RS.,935.00 per month
Sir I have joined ECIL an exempted PSU in Nov 1971 and retired in Jun 2009 as Sr.DGM and my last salary is 60000 .Now I am getting a pension of Rs. 1628 PM . According to recent Supreme Court ruling how much revised pension I will get and what are things that are to be performed by me.Please give me a reply ASAP. Thank you.
Sir, I am servicing in ABB, my basic right now 37,500/- per month. & gross salary with all above 70,000/- . I joined my service 01.01.1982 and I will retire on 30.06.2021.
How many pension I will get after retirement. Please. Tell me
Thanks
36 lacs
sir
i am retired on 30/11/2018 AT THE AGE OF 58.LAST SALARY WASRs 46986.date of joining was 08/05/1986.(pf.coverd by inst.from Aug1980) how much pension shuld i get.
Rs. 8786
I am not recevied correct EPF pension amount from EPFO office. please help me correct pf pension calculation based on following my service data
service details
date of joing: 01/06/1989
date of exit : 21/06/2017
past service (service upto 15.11.95): 6 years, 5 months, 15 days
actual service (service after 15.11.95) : 21 years 1 month 7 days
NCP days: 184
wages on 15.11.95: Rs. 2499
wages on date of exit: 15000
Eligible service: 27 years
Pensionable salary: Rs. 11545/-
please help me to get correct pension calculation
If the pensionable salary mentioned of Rs. 11545 is the average of previous 60 months, your pension works out to be Rs. 4169.
If pensionable salary is taken as Rs. 15000 (Average of 12 months), pension works out to be Rs. 5301.
Sir I’m asking for my friend and her son ,they are getting widow pension Rs. 1996 (my friend)and Rs.500( son ) as per court order is there any epf pension amount increase or same amount will they get please clarify my doubt and thanks in advance.
I joined PSU on 25th June 1973 and took VR in 2003.now I am getting Rs.1000 from EPF pension. Now what would be the pension in the light supreme court judgement.
Dear Sir,
Below are the details of the calculation of pension :
Date of Joining : 12/04/1985
Date of Exit : 12/07/2017 Reason for Exit : Superannuation
Service before 15.11.1995 = 10 year 4 month 7 days
Service after 15.11.1995 = 21 year 7 month 27 days
weightage = 2 year
My Calculation :
Pensionable Salary = Rs. 11317.00
( average monthly salary of 60 months prior to retirement )
from Sept 2014 to June 2017 = 34 months with salary 15000=00 and for previous 26 months with salary 6500=00
[15000X34 + 6500X26 ] / 60 = 11317.00 # matches with EPFO calculation
Pensionable service = 22 + 2 year bonus = 24 years
1) Monthly members pension = ( pensionable salary X pensionable service ) / 70
= ( 11317 X 24 ) / 70 = Rs. 3880.11 # Does not match with EPFO
2) Past service pension = 80 X 5.231 = Rs. 418.48 # matches with EPFO calculation
Total pension = 3880.11 + 418.48 = Rs. 4298.59 / month.
The pension offered to me is Rs.2811/month against my calculation of Rs.4298.59 / month.
( less by Rs.1487.59 / month )
Calculation done by EPFO office to arrive at Rs. 2811=00 pension :
Pension calculated done in three parts :
A) for service from 1.9.2014 to 12.7.2017 ( 1046 days )
( 11317 X 1046 ) / ( 365 X 70 ) = 463
B) for service from 16.11.1995 to 31.08.2014 ( 6856 days )
( 6500 X 6856 ) / ( 365 X 70 ) = 1744
C) For 2 bonus years
( 6500 X 2 ) / 70 = 186
Monthly members pension = A + B + C = 463 + 1744 + 186 = 2393
Past service pension = 80 X 5.231 = Rs. 418
Total pension = 2393 + 418 = 2811
I have complained about wrong calculations done through software developed by central EPF office. I have made total 12 complaints through central grivences cell ( CPGRAMS ) and yet to get satisfactory answer.
99% of pensioners are not aware that they are getting less pension due to wrong calculation.
My questions to EPFO were mainly :
1) What is use of calculating 60 months average pay as per para 11 if you do not want to use it for service before Sep 2014 ?
2) They take Rs. 6500 as pensionable salary for additional years. I have asked them to provide basis for this by providing me scanned copy of relevant page of pension manual.
They are totally silent on both the questions. This clearly proves their their wrong method of calculation.
As per my information Keral highcourt has already put stay on GSR 609E in oct 2018.
https://www.thehindu.com/news/national/kerala-high-court-sets-aside-amendment-to-employees-pension-scheme/article25206180.ece
The stay is for enhanced pension but my complaint is that even normal pension is not calculated properly.
Today discussion on revision in minimum pension. Forget about revision in the minimum pension, we are asking to atleast adhere to what method you mention in manual and provide pension with proper calculation.
I have pointed out to them that GSR 609E ammendment done in para 12(2) is wrongly being applied to entire service period instead applying it to only 60 months pay prior to retirement.
Government is deaf-and-dumb and 99% pensioners are silent out of ignorance what else can we expect ?
I will send you the relevant corrospondence done with EPFO through CPGRAMS as per your request.
Mukund Athavale
Mumbai
Dear Mukund,
Thanks for providing ground reality to everyone. Can You share your mobile no. So that I can also consult what to do next. Almost same is my case.Just a small difference is that I am retiring after new judgement of supreme court in 2019 recently. My mob:- 9425148588
You are 100% right, 99% don’t know the mistake of pf deptt. Calculation.
I am trying last four days to understand of my colleague pension amount as per their computation sheet. But luckily I have found your post, now I understood the problem. Thanks , we should fight to get the actual amount. I am a Union leader, so I am now raise this issue centrally.
Have you done any thing so far to get the things corrected?
ASHOK KUMAR SHARMA.
SAME PROBLEM WITH ME, MY DATE OF JOINING IS 01/04/1998 LIVING DATE FOR PENSION ARE 31/07/2017. MY AVERAGE SALARY IS 11317 X TOTAL SERVICE YEAR ARE 19 / 70 = 3072 P.M. BUT EPF OFFICE GIVES ONLY 1983 P.M. SO MANY TIME I LODGED GRIEVANCES ON PORTAL BUT, TILL DATE IN REPLY THERE IS NOT PROPER REPLY.
DUE TO THIS ALL PENSIONERS ARE LOOSING TOO MUCH MONEY. WHAT TO DO ?
ANY BODY MAY SHARE THERE VIEWS, MOST WELCOME. MY CONTACT MOBILE NO. IS 9322407966.
Same problem with me also.I had joined in this scheme on 01.08.2007 and left on 31.07.2017. I had asked for the calculation and it was shown as above . Calculated separately for 01.08.2007 to 31.08.2014 and 01.09.2014 to 31.07.2017 separately. I know that it wrong but what to do ?
My mobile no is 9486348319.
The only way to get it corrected is either go to Highcourt or put up through the members of unions who are members of EPFO committee. Highcourt is best. Since it has long term effect you must fight. Share your watts app no. We will join hands. My Watts app no. Is 9511679211. Contact me.i am from Vasai Thane
Hi Parasmal
Please add my number in group. 9911197695
Share your mobile for further joint action
My watts app no is 9842155903
s.subramaniam
I have started my job in 08/04/1983 and was retiring on 31st march,2019. can you define how much pension i will get. During this tenure there is regular deduction of my PF and contribution to family pension as per the law.
Hi,
If i start getting pension after retirement at an age of 58, for how long will I keep getting it? Is it till lifetime?
Lifelong pension is available to the member and upon his death members of the family are entitled for the pension.
Sir,my dob is 15 july 1960, din of pf scheme 17 jan 2005 and date of complete 58 yrs on 15 july 2018 my salary was 6500 up to sept14 there after 15000 pl let me know how much pension I will get
Sir, my date of birth is 1.10.1960 and DOJ in the EPFO/EPS is 01.04.2008. My retirement age is 30.09.2018. Please advise me I am eligible or not for monthly pension scheme. My total complete service are 9 year and 6th month.
You are a borderline case, just 9 years and 6 months.
Typically if service is more than 6 months and less than 9 years and 6 months then you are not eligible Pension.
Yes, you are eligible for a monthly pension scheme.
You can raise EPF grievance to get clarification.
You can fill Form 10D to claim EPS Pension. Instructions are here
My Join Date in EPF was 01/03/2017 and left date was 31/03/2018. Also join after the break i join in EPF was 01/06/2018 and left on 30/11/2018. so, plz tell me about my EPF and EPS withdrawal amount calculation. My earned salary of basic was 12000/-.
Did you transfer from first employer 01/03/2017 to 31/03/2018 to new employer?
If you did not then you would have to submit 2 withdrawal requests. One online and other offline.
For the 1st job, you would get both EPF(Employer + Employee) and Pension or EPS
For the 2nd job, you would only get EPF(Employer + Employee)
Dear Sir,
I have joined in EPF dated May’2015 and left on June’2016 after that again i joined in July’2016 and left on Feb’2019. I have transferred my PF from previous employer to present employer, but only employee and employer share transferred NPS amount not transferred to my current employer. And now i want to withdraw my PF. Can i get my total pension also or can i get only employer and employee share. And what about my previous company pension amount. Also when i try to withdraw my pf through online it is showing 2 options 1. Withdraw only PF amount. 2. Withdraw only Pension amount. How i can get my PF amount and Pension amount. Please suggest me.
I joint a firm on 24.05.2004 and left the job on 20.08.2016, which would be 12 years service. At the time of joining my salary was 15000/-(for PF). I will get Pension only at the age of 58 years and that would be in 2031, is the pension calculation same if the pension is immediate and also after many years? Please advise.
Sir My DOB is 01/10/1958 and DOJ the EPFO/EPS is 10/12/1986(salary was >Rs2500 pm).I also opted for 2 years extension with contribution on 30/09/2016 and hence the retirement age is to taken as 30/09/2018.Based on your write up and various calculators available,the monthly pension works out to Rs 5711pm.However as per EPFO it is only Rs 2986pm.(mainly because of the way they are calculating the pensionable service benefit.The past service benefit as per them is Rs 480pm which is correct).Shall be grateful if (1) your detailed calculations with basis , can be mailed to me(2) what shall be your advise as to how best to take up with EPFO.Thanks and Regards.
Dear Mr. Sunil Bahal,
EPFO calculates the pension by taking wage limit of 6500 for entire service before sep 2014. The average 60 months pay value calculated as per para 11 of pension scheme manual is taken for service after 1 sep 2014. For 2 additional years they take 6500 for calculation. By this method , calculation of pension as per para 11 is meaningless. I am following up with EPFO on this matter for last six months but they do not have proper answer. By misinterpretation of GSR 609E every one is getting less pension. I have informed them that prorata calculation has to be restricted only for calculating 60 months average but they are applying to entire service period. I have questioned them if you are taking 6500 for calculation for service before sept 2014 why you take 60 months average for service after 1/9/2014. By this logic they should take 15000 for service after sep 2014. I have asked them to show where it is mentioned in manual to take 6500 value for 2 additional years. They do not have answer. I am surprised to note that 99% of pensioners are not raising voice against this cheating by EPFO. If EPFO does not want to use pension formula as per para 11 is the calculation of of 60 months average is to improve our arithmetic skill ?
Sir sad to hear about your struggle.
Can you write an article on it and your struggle?
We could then publish it on our site.
Dear Sir,
Thanks for your quick response and understanding our problem.
I am following up with EPFO through PMO office portal “CPGRAMS” since 24th Nov 2018.
Earlier I had complained on their “epfigms” portal in July 2018. Instead of answering my queries they replied me “Send request to reopen your pensiion file” in Feb 2019 ( after 7 months ).
Totally I have launched 10 complaints in CPGRAMS on same subject, but no proper answer.
For information to all, follwing are the queries I have raised in the last complaint which I launched today i.e. March 16, 2019. Hope I will get some answer. Once I get answer I will inform the same to all.
I will definitely give you a write up to explain “How EPFO is miscalculating and giving less pension to all pensioners retired after Sept 2014” once I receive proper answer on “CPGRAMS”.
Plese find below my last complaint :
Date : March 16, 2019
Subject : Request for explanation on amendment in Employees Pension Scheme 1995 as per G.S.R. 609 (E) and pensionable salary to be taken for 2 additional years
Dear Sir / Madam,
PLEASE DO NOT GIVE MY PENSION
CALCULATION BREAK-UP DOCUMENT AS ANSWER.
ANSWER HAS TO BE SPECIFIC TO QUERY.
DO NOT PROVIDE COPY OF GSR 609E.
PROVIDE EXPLANATION FOR ALL THREE QUERIES AND ALSO SCANNED DOCUMENT PROOF FOR QUERY 3.
Query 1 :-
Please explain what is the purpose of calculating pensionable salary by averaging 60 months pay prior to retirement on pro-rata basis ( as per para 11 ), if it is not going to be used in calculation for service period before Sept 2014.
Query 2 :-
If my contribution to EPF is based on wage limit of 15000 for service after 01/09/2014, then why you take average salary for pension calculation for this period ?
On one hand you use our actual contribution based on wage limit of 6500 for period before 01/09/2014 then why not you apply same criteria and do calculation with 15000 for period after 01/09/2014 ?
Query 3 :-
Why EPFO calculates pension for additional 2 years with pensionable salary of Rs. 6500 ? Where it is mentioned in Pension scheme manual ?
Please provide scan copy of the page of Pension Scheme 1995 which mentions what pensionable salary should be taken for additional 2 years.
The answer “Standard Software available all over India is enabled to calculate pension weightage of Rs. 6500 and no manual intervention is possible” is not acceptable answer to my query. Please prove basis for taking 6500 as pensionable salary for 2 additional years in the software by showing reference in the manual.
Mukund Ramchandra Athavale,
PPO Number : THTHA04113420,
Member ID : THTHA00054390000001837
Date of joining : 12/04/1985
Date of exit : 12/07/2017 : Superannuation
In my post dated March 16, 2019, I have given the text of the complaint made to EPFO. I had raised 3 queries and requested EPFO to provide answer to queries. To this complaint I have received funny answer today from Thane EPFO which reads as below
“Sir, With reference to your Grievance NO. MOLBR/E/2019/03214 it is to inform you that Query 1 Pension calculation as per EPS Scheme 1995 under para 12 Query 2 and 3 Pension calculation is done through pension module Software provided by Head Office. Please submit your feed back as excellent or very good if you are satisfied. If not for let us know we would be happy to help you.”
You can see that EPFO is simply running away on the questions raised and closing complaint without answering a single query. In a irresponsible manner they are answering that pension is calculated by software given by HO so we are not responsible.
Complaint was raised to HO i.e. central labour ministry. Then HO forwarded it to regional PF Office Thane and Thane office closes the complaint saying HO is responsible. This is the manner in which they are handling complaint.
Now I will relaunch complaint in CPGRAM ( 11th complaint ) and continue this process till I get answer to my queries.
Mukund Athavale
Sad to hear about your case.
EPFO is right, they just follow the orders.
What is the pension you are getting,
what are your details can you mail them to bemoneyaware@gmail.com
Sir Mukund Athavale,
Appreciate your efforts. I was just going through this website and your comments caught my attention.
After reading your comments, what I understood is, problem is with old software program not following right calculations. Software needs to be updated with right calculations. Until then I doubt you will get proper answer. It will be not that easy as once calculations are made right, EPFO have to give adjusted pension as arrears . If some pressure comes legally from court then things will move forward.
Hello,
Recently i tranfer PF from my old to new account i got the claim, Everything is transferd but the pension is not tranfered can you help me regarding this
Pension does not get transferred.
Explained in our article What happens to EPS when you transfer your old EPF to new employer
Hi
I joined EPF from 1.4.1983 to 31.03.2005 with EPF and EPS contribution:
Before 15.11.1995 – My salary was above 2,500.00
from Nov 1995 to 31.3.2005 my pensionable average salary is Rs. 6,500/- i.e., contribution to EPS is 541/- PM
I resigned from 31.3.2005 and withdrawn for PF and not EPS it is left there only. Now I have attained age of 58 in June 2018.
I am applying for Pension. How much Pension I will receive.
My calculation is Rs. 235.51 + 1000 = 1235.51
Thanks,
Sunil Shirolkar
Sir DOB 02/03/1957
I have joined a company Bata India Pvt Ltd in 22/12/1980
And retired on 02/03/2017 my basic salary was Rs 10000.00 what will be my pension
R/Sir, I joined private firm & epf meber ship, on 20/11/2011 and my retirement will on 20/05/2020 at the age of 58 years .My date of birth is 20/05/1962 At time of retirement my Basic pay was Rs. 15000/-+ D.A.Rs. 1000/- Total 16000/- (Rupees Sixteen Thousand only). kindly inform me how much monthly pension can I get and EPS contribution by employeer 9year and 8 months whether eligibil to get pension.
Thanking you.
Regards
K. Malleshappa.
Dear Sir/Madam,
I was joined in Indian Army on 26 June 1984 n left the Army shortly on 24 Feb 1990. The fund value was claimed.
1 Year service completed in Eagle Industrial security services the fund value was claimed.
25 years service performed in AFEXCO LTD,Pune since 15 Nov 1992 to 24 Nov 2017 and fund value is outstanding.
5 months services performed in DELTA FORCE Security services,Pune sine 27 Dec 2017 to 30 June 2018, the fund value is outstanding. Please intimate about previous services could be taken into account while calculating EPFO 95 pf calculations,if the PF Number submitted to The Commissioners of Employees Provident Fund Commission,Pune.
With Regards.
DEEPAK PALANDE.
For EPF Pension if you have not withdrawn your EPS then all your service years are considered.
What do you mean by fund value? Which scheme were you contributing to? EPF has EPF balance.
Date of joining EPF:01/11/2012
Date of Retirement: 17/05/2038
Last basic RS 8200
PL calculate how much pension I Will get
Dear sir,
Who has complete only 6.5 years in Epf and then after he exits from the employer.and by the lack of knowledge he filled the form 10c for pension amout withdraw instead of applying the scheme certificate.what he will do.According the view of knowledge when we are filling the form 10C at that time it should be asked questing that are you want to receive the scheme certificate or withdraw the pension amount.
You can raise request at EPF grievance website cancelling the request.
Our article How to register EPF complaint at EPF Grievance website online
Sir,
Very good and concise article on EPS, thanks to you.
1. I started my first job in a private company on 20/Feb/1984, which had its PF with RPFC and contributed to FPF Scheme.
2. In 1987, I changed my job to another private company, which also had PF with RPFC and contributed to FPF Scheme.
3. In 1990 I joined another private company, which had its own PF trust and no FPF contribution.
4. In 1992 joined yet another private company, which also had PF with RPFC and contributed to FPF Scheme.
5. Between 1997 and 2004 worked in same old private company, which had its own PF trust and no FPF contribution.
6. From 2004, this same old private company switched to RPFC and started contributing to EPS.
7. I retired last Dec, at the age of 58, and had no gap in service – 33 years 10 months of service.
8. After leaving every company, I got my PF transferred to the new company, so all my PF fund is with my last working company.
9. I have UAN and per that my service start date is shown as 2004, ie just 13 years of service. All my OLD service details are not available.
Given this background, I have three questions/clarifications:
1. While PF has been transferred from all my old employers, why FPF/EPS contribution has not been transferred / Service start date is not reflecting properly ?
2. What I need to do to get all my old service details updated ?
3. Between 1990 and 1992 and between 1997 and 2004, my PF was with trust. Will this service be valid and used for calculating my pension ? Or will it be considered as break in service ?
4. If the above is valid, do I need to submit any documents ?
Thanks
Warm regards
Seshadri
Dear Sir,
My D.O.B. is 10.05.1966. My date of Joining employment is 1.1.1987. My Last working day is 30.9.2018 as I wanted to retire early. My Basic Salary as on 14.11.1995 was >2500/-. My Average Basic Salary for the last 60 months is >15000/-. I request you to let me know the following.
1. What will be my Pension when I attain the age of 58 years on 10.05.2024?
2. What will be my pension if I request for immediate pension?
Thanking you,
N G Srinivasan
if a employee worked more than 25 years after he completes 58 year if he continues the job, how pension will reflect
my monthly contribution is Rs.1800/-
Why we have to divide by 70 to calculate pension.?
Sir
I am working limited company since 1990 and my pf is in mgt trust. my retirement will be 31 Aug’19. my current basic is 43256. Kindly let me know how much pension will I get.
Hi,
I have a doubt towards withdrawing Pension. I have 2 account numbers under one UAN and I got the EPF transferred from the previous employer to recent employer which got credited as well. The first company I worked for a year and the second company is only a month. Sp total years of service is 1yr & 1 Month. I guess am eligible to withdraw the pension but when I submit the 10C claim online it’s showing an error mentioning “claim not submitted, Please try again later”.
Kindly advise
regards,
Gokul
Ref my ppo no HR/13713
Date of joining EPF:01/12/1971
Date of Retirement: 30/11/2005
Last basic RS 10500
PL calculate how much pension I Will get
As mentioned by you, your date of retirement was 2005, You have already retired, why do you even care to know that.
The pensions calculated in examples for Rajni and Shivani is wrong as it doesnot consider Para 5 of GSR 609(E). The correct values would be around 1147 and 4098 instead of the example calculated 1657 and 4714
Hello
Can you please help me with the following.
1. I had PF account with company A.
2. When i switched to company B. i requested for PF transfer. As a result the PF amount got transfered by the EPS amount was not transferred.
3. The Passbook of PF account from company A still shows the EPS balance of 16000.
4. i worked at company A for 1 year 3 months.
5. Not understanding what am i supposed to do. Should i withdraw EPS or get the scheme certificate. If i withdraw EPS, How much amount will i get.
If you are working you cannot withdraw EPS.
You can withdraw EPS only when you leave the job and have worked for less than 10 years.
Does your View->Service History shows details of company A.
If yes you are good.
You don’t need to do anything.
Your pension depends on numbers of year you have worked.
We have discussed it in our article What happens to EPS when you transfer your old EPF to new employer discusses it in detail.
sir, my father expired in April 2018. His service period is 08yrs and 09months. is my mother eligible for pension. what is reduce pension? please tell me what is profitable for us reduced pension or withdrawal EPS amount. please reply…
Sad to hear about your father demise.
Our condolences to you and your family
Was your father working at the time of his death.
Reason we are asking is then-nominee in his EPF can claim Insurance under EDLI and other benefits
Dear Sir,
EPFO is doing serious mistake in calculating the pension and giving less pension.
My details of EPS as follows :
Date of Joining : 12/04/1985
Date of Exit : 12/07/2017 Reason for Exit : Superannuation
Service before 15.11.1995 = 10 year 4 month 7 days
Service after 15.11.1995 = 21 year 7 month 27 days
weightage = 2 year
My Calculation :
Pensionable Salary = Rs. 11317.00
( average monthly salary of 60 months prior to retirement
from Sept 2014 to June 2017 = 34 months with salary 15000=00 and for previous 26 months with salary 6500=00
[15000X34 + 6500X26 ] / 60 = 11317.00 # matches with EPFO calculation
Pensionable service = 22 + 2 year bonus = 24 years
1) Monthly members pension
= ( pensionable salary X pensionable service ) / 70
= ( 11317 X 24 ) / 70 = Rs. 3880.11 # Does not match with EPFO
2) Past service pension = 80 X 5.231 = Rs. 418.48 # matches with EPFO calculation
Total pension = 3880.11 + 418.48 = Rs. 4298.59 / month.
The pension offered to me is Rs.2811/month against my calculation of Rs.4298.59 / month.
( less by Rs.1487.59 / month )
Calculation done by EPFO office to arrive at Rs. 2811=00 pension :
Pension calculated done in three parts :
A) for service from 1.9.2014 to 12.7.2017 ( 1046 days )
( 11317 X 1046 ) / ( 365 X 70 ) = 463
B) for service from 16.11.1995 to 31.08.2014 ( 6856 days )
( 6500 X 6856 ) / ( 365 X 70 ) = 1744
C) For 2 bonus years
( 6500 X 2 ) / 70 = 186
Monthly members pension = A + B + C = 463 + 1744 + 186 = 2393
Past service pension = 80 X 5.231 = Rs. 418
Total pension = 2393 + 418 = 2811
This indicates that EPFO is not following the notified pension method.
People at EPFO Thane office do not agree.
I visited EPFO Thane office, but they adhere to their own method of calculation.
I will like to have your opinion on EPFO calculation methodology.
The calculation is mostly correct, except for the way the 2 year weightage pension is being calculated. This site, i.e bemoneyaware site has not factored in Para 5 of GSR 609(E), which says that the monthly pensions will be determined for the pensionable salary before 1.09.2014 basis pensionable salary with max 6500 and for the period after for pensionable salary with max 15000. Pensionable salary to be average of last 60 months from date of exit for each period.
The para 5 of GSR 609 (E) refers to calculation method to arrive at average 60 month salary for period before and after 1/9/2014 on pro-rata basis. The entire contributions starting 1995 are not to be considered for calculation of pension. In the calculation process adopted by EPFO, average salary of 60 months is becoming meaningless. Why Rs. 6500 salary is taken for 2 additional year calculation, has no answer. The pension must be calculated by formula pensionable salary X pensionable service / 70 and there is only one value for pensionable salary which is mentioned in Pension pay order (PPO ). I think bemoneyaware as well as several other sites available are doing the the calculation correctly as per epf circular while EPFO themselves do not follow their own circular.
Thanks a lot for your valuable comments.
Do you have working examples of how calculation should be done?
Will it be possible to discuss it?
What time will it be convenient for you and the mode – email/phone?
My pension case study can be taken as live example which is as per my first post on this site dated July 22, 2018. This post gives details how the pension is calculated by epf, which I feel to be wrong. I have also given method based on my understanding of EPFO circulars. I have registered complaint on epfigms portal on 18 July 2018 and yet to receive reply. If you need any additional information you can put a mail to me at any time. Once I receive reply from EPFO, I will share it.
Sir
I working limited company since 1990 and my pf is in mgt trust. my retirement will be 31 Aug’19. my current basic is 43256. Kindly let me know how much pension, will I get
Sir, I was also calculating the same way but then I calculated from the following https://www.citehr.com/196276-eps-pension-calculation-formula-calculator-benefit-after.html and then the figure matched. you can try by going to the above website.when I first calculated there was a wast difference so I was shocked that I was taken for a ride.
Ditto my case. Joined on 1.8.1982, superannuated 09.01.2018 on attaining 58 yrs of age. Salary greater than 4500 in September 1995. Average pensionable salary 12167. Past service benefit 593. EPFO had sanctioned me 3108 as total pension. The calculation matches with your case.
In June 18, the ex Chief of EPFO while handing over his charge to his successor had stated that the bonus year calculation should have been at 15000 instead of 6500 and it was a program error in the computer program of calculation of pension. He had said that this will be rectified soon. I had therefore waited to submit my pension request till July but still they are continuing with the same program. This is unbecoming on their part, I feel.
I would request you to kindly forward me a copy of notified rules of calculation of pension to me at email vijayanagar.ellathil@gmail.com.
I am also going to make a complaint at per grievance portal.
I have a confusion. I joined service on nov 2012,the contribution towards eps was made by my employer as per the then ceiling upto sep 2014 post which it was rs 1250(the new ceiling). After reading about the sc verdict regarding eps contribution on basis of whole eps contribution, I was wondering that if I make an application now, will the eps contribution change(from the then ceiling of 541 per month to 8.33% of basic) for the period nov 2012(my joining date) to sep 2014 only since the ammendment was made on sep 2014,or will the eps contribution change for throughout my service life?
Sadly No.
Not everyone is eligible to make a higher contribution. In August 2014, the government amended the EPS Act of 1995 and deleted the provision that allowed employees to make a higher contribution and draw pension for the full salary.
Only those who applied before Sep 2014 and paid the required amount are eligible to get the increased pension.
Sir, I had worked for three private companies so far with epf and eps , 1st of which was for a period of 1.8.1997 to 31.3.2017 and 2nd company from December 2017 to 31.3.2018 and again with a third company from 1.4.2018 onwards. Somehow I got transferred both epf and eps from 1st to 2nd co. Now how one can do it from 2nd co to 3rd co. Portal always suggest for 1st co. to the current co. It seems that until and unless the 2nd company record it as seized/exit, one cannot do online transfer. Please help in understanding, and also how one can calculate Pension in the above scenario. In all the three companies, eps was deducted at the maximum (ceiling limit).
Hlo sir mere papa ji ka 2008 me deth ho gya hai punjab state gov.me job karte the jo ki family pansion 2150 mil raha hai higher pansion milne ke youg hai
my dad died in 2008. he is working in punjab. Can I eligible for pension scheme…..?
Sad to hear about your dad.
Did he pass away in 2008 or 2018?
EPS rule for family pension is given below
If died member has family, pension is payable to (1) the spouse and (2) two children below 25 years of age. When a child reaches 25 years of age, the third child below 25 yrs of age will be given pension and so on.– If the child is disabled, he may a get pension till his death.– In any case, only 2 children will receive the pension at a time.
In case of member not having a family, the pension is payable to single nominated person.– If not nominated and having dependent parent the pension is payable first to Father and then on father’s death to Mother.
Please try to contact old employer or regional EPFO office
hello sir, my total contribution amount rs 63733 .service period 20 years .please calculate my eps pension amount.
Hello,
My husband died few months ago.
He was working since Jan-2013 in private IT sector.
For period of 03-2013 to 03-2016 he has opted for Pension scheme.
Now to avail the pension, how can I get Scheme certificate for this tenure?
Regards,
Manisha
Sad to hear about your husband’s death. Our condolences are with you.
Maam you don’t require the Scheme certificate.
You approach your husband’s employer
you are eligible for
-EPF Withdrawal of your husband account
-Pension Withdrawal of your husband EPF account
-Insurance amount from EDLI of EPF account.
The nominee of the subscriber gets 20 times of average wage drawn during the past 12 months with 20% bonus on it. This means, on a wage ceiling of Rs 15,000 every month, the maximum amount assured works out to be Rs 3.6 lakh.
This has been revised to 6 lakh.
Sir,
As per the pension calculator I have to get my EPS pension Rs.3883/- but EPFO has sanctioned Rs.2698. I have joined EPF during 1980 and I am eligible for pension w.e.f 20.7.2016, regarding this I have written several letters to EPFO as well as Labour Ministry for rectifying my EPS pension. EPFO has fixed my pensionable salary Rs.9617/- according to this I have to this I have to get pension Rs.3653/- but EPFO is not responding properly, kindly advise in this regard for further course of action.
What did the EPFO reply?
Can you send details of your case to bemoneyaware@gmail.com
As per Notification NoG.S.R. 609(E) Dated 22 August 2014 monthly pension will be calculated in 2 parts. One for the period up to 31.08.2014 with Rs.6500/- as pensionable service and for period up to exit from 01.09.2014 with Rs.15000/- as pensionable salary.
Your Monthly Pension up to 31.08.2014 will be (6500X7586/365)/70 =1930/-
Your Monthly Pension from 01.09.14 to 20.07.2016 will be (15000X688/365)/70 =404/-
Plus you will get pension for past service ie service up to 15.11.1995 which will be minimum Rs.460/-. So Total Will be Rs.2794/- but there will be certain adjustments as maximum pensionable service is restricted to 35 years whwre as yours is 36 years.
Average 60 months salary is the base for calculation of pension which does not come into picture in above calculation.
Sir,
It is brought to notice that as per the pension calculator I have to get my EPS pension Rs.3698/- but EPFO has sanctioned Rs.2617.
In this context, it is to inform you that I joined service in National Hydro-electric Power Corporation (NHPC) on 20.11.1982 and served in NHPC upto 18.11.1991. Later consequent upon the amalgamation of Transmission Wing of NHPC I alongwith other staff joined National Power Transmission Corporation (Now POWERGRID) on 19.11.1991. As I became the member under the scheme since 1982 and accordingly deduction was affected from my salary.
Since, I joined service in 1982 but my pension has been w.e.f., calculated from 19.11.1991.
So, while going through the EPFO site I come across pension calculator and accordingly, I filled the desired data in the given pension calculator, which workout my pension Rs.3698 per month.
Further as per Notification No. G.S.R. 609(E) dated 22 August 2014 monthly pension will be calculated in 2 parts. One for the period up to 31.08.2014 with Rs.6500/- as pensionable service and for period up to exit from 01.09.2014 with Rs.15000/- as pensionable salary.
1 If I calculate Pension with following formula
A from 19.11.1991 to 14.11.95 will be (85X1.309) = = 111/-
B from 15.11.1995 to 31.08.2014 will be (6500X6856/365)/70 =1744/-
C from 01.09.2014 to 18.09.2016 will be (15000X714/365)/70 =419/-
D Weightage for 2 years (15000X2/70) =428/-
A+B+C +D = Rs.2702/- per month
2 If I calculate Pension with another given formula
A from 19.11.1991 to 14.11.95 will be (6500X1450/365)/70 =369/-
B from 15.11.1995 to 31.08.2014 will be (6500X6856/365)/70 =1744/-
C from 01.09.2014 to 18.09.2016 will be (15000X714/365)/70 =419/-
D Weightage for 2 years (15000X2/70) =428/-
A+B+C +D = Rs.2960 per month
If I calculate pension according to the pension calculation given formula even then my pension works out to Rs.2960 per month.
Further it is pertinent to mention here that my total length of service render w.e.f 20.11.1982 to 31.09.2016=33 years 9 months 11 days (which is less than 35 years), Therefore I am eligible for enhanced pension.
Further, one of my colleague whose DOB is in the same month, date of joining is same having same length of service even date of retirement are same his month, his pension is fixed Rs.2644/- per month whereas mine is fixed 2617.
In this context, your good-self is requested to kindly look into the matter sympathetically and enhance my pension for which I am eligible.
Thanking you
Your pensionable salary for 1/9/2014 to 18/9/2016 would be 10042
Past service pension is 85×4.843=411
Prorata pensionable salary 6848
Formula pension 2250
Total 2662.
EPFO seems to round of Prorata pensionable salary to 6800 in which case your total pension would be 2646
my name is Murli dhar Das,MY DATE OF BIRTH IS 21.12.1959 I am a member of EPFO. I JOINED epfo on dt. 01.08.1988.MY SALARY of 1995 was 2150/- at the time of retirement my salary was Rs.14350/- presently EPFO FIXED my pension is Rs.2866/- on pensanable salary Rs 10225/- kindly clear my self it is correct or not.
When did you retire?
If you retired in 2015 then your Your Total Pension per month would be around 2986.
You can raise epf complaint to find calculation.
Our article How to register EPF complaint at EPF Grievance website online explains it in detail.
My brother has been passed away in last week on 07-05-2018
He was working in private sector since last 20 yrs.
His present net salary was Rs 35000 per month.
As per PF account :-
Employee Share 150,633.00
Employer Share 53,600.00
Pls let me know how much lump sum his widow will get as penssion
Its just 6 month to me in the company and this is my first job , I have choosed wrongly EPS scheme, Now 1500 per month is going in EPS I wanted to know.
1. Whether any interest is given by govt. on EPS as PF.
2. Whether I can Close after withdrawing whole fund in EPS ac and transfer it in PF and if Yes the process of closure and withdrawal.
Please Reply.
If i have a service of 15 yrs with average salary of 15,000Rs for the whole 15 yrs and i stopped working at the age of 40. After that i haven’t contributed to EPF or EPS since i don’t have any income. Am i eligible for pension. How much amount will i get is it (15000*15)%70.?
I have joined lml.1st jan1988 & company closed march2006. Basic salary was rs 6500. My date of birth is 1st Feb 1966. No contribution after 2006. Than how much i will get pension after 52 / 58 year age.
Kindly calculate
Sir, I joined service of Karnataka State Road Transport Cotrporation, Bangalore on 17-4-1977, attained superan-nuation age on 30-4-2011, retired from Service on 30-4-2013, as per State Government orders. I was getting monthly pension of Rs.1,860/- and from last year getting 2064/- then my PF NO. A-25593. Heard as per recent Central Government orders, my pension will get enhanced. May I get the details please.
If you are talking about Supreme court order of increase in Pension then you can read our article Higher EPS pension: Supreme court order and how it affects those who joined before 1 Sep 2014
Finally, EPFO agreed to follow Supreme Court of 2016, ruled in favour of employees’ right to raise their contributions to pension fund saying the EPFO can’t restrict the higher EPS pension option to those who exercised it before a cut-off date.
Can one increase EPS contributions retrospectively?
No. The petitioners who won the verdict against EPFO requested an increase in EPS contribution in 2005 but was denied. So they would get the benefits from that date only and not before. The EPFO denied saying they should have applied within 6 months of the 1996 amendment which was overturned by the court.
If you apply for an increase in EPS contribution, you will get the increased contribution only from the date of application.
Sir,
I have worked in a company from May 1995 till March 2003 (8 Years). I didn’t claimed EPF OR Pension money for that period. After that I got employed with another employer in April 2004 and got my PF and Pension transferred to the new organisation PF Account. I am still working for the second company (14 Years). I would like to know:
1. If I resign today, my pensionable years will be (8+14 = 22) or 14 itself.
2. Do I have to produce some evidence to the PF office regarding previous 8 years employment or they can get it through their records.
Regards
Krishna
Sir,
I have worked in a company from May 1995 to March 2003 ( 8 Years) where my PF was deducted regularly. I left the company in March 2003 but didn’t took the PF and Pension. I joined another company in 2004. In the new company I got transferred my old PF and Pension amount that has accumulated for 8 Years. Till date I am working with the same company i.e. for 14 years.
I would like to know the calculation of:
1. My pensionable Service will be calculated for 8 years + 14 Years or for 14 years only.
2. If it is for 8+14 years do I have to prove the pension authorities or they can come to know from their records only.
Thanks
Krishna
Hi,
There have been some interesting developments regarding EPS, vis-a-vis the judgement by the Hon’ble Supreme Court in November 2017. October 2014 was also a watershed year, in the sense that new employees with salary > 15,000 would not be able to become a member of EPF.
I worked until 2013 in various companies. The companies either deducted 12% of basic salary for both employer and employee contributions, or offered the choice between the aforesaid, and INR 780 per month (That is, assuming a basic salary of 6,500).
I then joined a B-School, and came back to the workforce in 2015. Since then, both employers I have worked for have compulsorily deducted INR 1,800 per month, and are not willing to deduct 12% per month.
The second of these employers created a new UAN, without my Aadhaar and PAN, so it didn’t have my service history. According to this, I joined the workforce in 2016. Still, these guys deduct 1,250 out of 1,800 towards EPS.
Why are companies doing this? Is it an issue with their compliance software, or they want that the employees remain under EPS? Or is there some other reason?
All inputs/guesses welcome.
Dear Sir.
I am K.LAKSHMI NARAYANA, PPO NO,AP/HYD/0075806. RETIRED ON 30-06-2013.
MY PAST SERVICE 01-07-1978 TO 15-11-1995 PENSION IS RS. 461.00( SALARY RS.2338/-)
SERVICE FROM 16-11-1995 TO 31-01-2007 AND 1-06-2007 TO 30-06-2013= 17.29 SERVICE + 2 YEARS BONUS = RS.1791.00( CALCULATED ON AVERAGE SALARY IS RS.6500.00). BUT MY AVERAGE SALARY LAST 12 MONTHS IS RS.10000/- AND ALSO CONTRIBUTIONS REMITTED ON RS. 10000/- @ 12% (EPS = RS.541/-+ 659/- EPF). I HAVE APPLIED FOR HIGHER PENSION AS PER SUPREME COURT ORDER. PLEASE INFORM THE AVERAGE SALARY FOR HIGHER PENSION IS LAST 12 MONTHS OR 60 MONTHS IN MY CASE. BECAUSE I AM RETIRED ON 30-06-2013.
Many cases are addresses by high courts.so approach a lawyer and claim. We are also trying to claim
Sir, i had completed 12 years of service and hold a scheme certificate, however, due to some emergency i want to withdraw the EPS amount, is there any possibility
sir see my case, ppo no.39958,date of birth 9.7.1954, getting pension rs.1394/-pm from 2012 after completion ofage 58 ys
my service before nov.95 is 10 years from 2.5.85 to 8.4.91
and 9.5.91 to 12.9.2009 and the rate was more then rs. 6500 /-pm total service 14+10=24 years i have not any increase pension benefits and 2 years of bonus service weightage
at the time of calculation the service from may85 to april91 was left to plus in pensable service by mistake of rpfc meerut office people now the mistaake is restore can i not applicable the benefits of 2 years weightage after 24 years of pensable service please look into the matter and do justice
thanks
Sir years of service from 2.5.85 to 8.4.91 is around 6 years
sir
i have worked from 2.5.1985 to 8.4.1991 and pf was deducted from my salary and from 10.4.1991 to 12.9.2009 was also deducted at the time of leaving the service during 2009 i was getting rs 6500/-pm basic ( i put 14 years of service after 1995 and 10 years of service before 1995) total i have put 24 years of service means i have completed 20 years of pensable service ( getting rs.1394/-pm pension)
i have not got any benefit of 20 years of benefit as 2 years of bonus weightage i started to get pension from 2012 at the age of 58 my date of birth is 9.7.1954 please see this case my ppo no.is 39958 and mobile no.9410081123
Did you transfer your old PF account to new one?
Pension amount can be deducted on areas or not
For example – I got Basic salary Rs 14000/- per month in the month of April, May & June. In the month of July increment declared, now the basic become 15000/- w.e.f 01 April.
Areas will be paid for three month.
Now pension amount will be paid or not in areas?
Pl clarify
They can and should.
UAN website of employer has support for filing Challans for EPF Arrears
my joining date 01.07.2002 retirement date 31.01.2014 , date of birth 06.03.68
as on 06.03.18 my age is 50 and last basic 6000/-. Can i apply pension at the age of 50?
Approx how much pension i got. Minimum 1000/- or below 1000/- .
PLEASE REPLY .
sir mera epf date of joinig 24/03/2005 or date of leving 09/05/2016 h to muje kitni pensn milegi
SIR WE JOIN JOB IN 06-04-1986 THEN MY BASIC IS 2500 AND KNOE MY BASIC IS 13780 DATE 02-02-2018 SIR TELLME WHAT PENSION WE RECIVE
SIR I AM EPF HOLDER SIR TELL ME WE JOIN INDUSTRY IN 3-6-1986 AND NOW WE WORK IN AN OTHER INDUSTRY PRESEN TIME MY BASIC SALERY IS 13780 SIR MY DATE OF BIRTH IS 12-02-1964 SIR TELL ME WHAT WE GAIN PENSION IN 2019
Please calculate my pension & inform. Name: S. Shanmugavelayutham. Dt. of joining: 06 .09.1969. Dt. of joining in EPF: 01.04.1971. Dt of retrenchment: 22.03.2002. Last pay drawn : Rs. 16159/- Dt of increment every September.
Thank you.
What happens if is leave job after contributing for 15 years and start my own business. will they give me pension once i reach 58 based on the last 5 years salary and 15 completed years of service-as in when i was employed.
If you leave your job after 15 years you can withdraw from EPF without paying any tax. But you can’t withdraw from EPS.
Any person who has rendered eligible service of 10 years and more (ie contributed to EPS for 10 years or more) on attaining the age of 58 can apply for Pension from EPS.
Early pension can be claimed after 50 years but before the age of 58 years. But it is subject to discounting factor @ 4% (w.e.f. 26.09.2008) for every year falling short of 58 years. In case of death/disablement, the above restrictions don’t apply.
If he defers pension until 60 years of age without contribution he will get 4% on original pension amount and 8.16% after 2 years.
But please remember that
Maximum Pension one can get is Rs 7,500 per month.
Minimum Pension one can get is Rs 1,000 per month.
The Average Salary here means pensionable salary in the scheme.
Pensionable Salary here means the amount you were contributing in EPS which is restricted to Rs 15,000 per year after 1 Sep 2014 and was Rs 6500 per year before 1 Sep 2014.
It is arrived by considering the average contributing salary preceding 60 months from the date of exit. (Earlier it was preceding 12 months)
For those who joined after 15 Nov 1995 the formula for calculation of Pension is simple. the formula of calculation of pension is,
EPS Pension = (Average Salary X Number of Years Service) /70
EPS Pension = (Average Salary X Number of Years Service) /70 is our misconception.
As per Notification No. G.S.R. 609(E) Dated 22 August 2014 monthly pension will be calculated in 2 parts. One for the service period up to 31.08.2014 from 16.11.1995 (If joined on or before 16.11.1995) with Rs.6500/- as maximum pensionable salary and another for the period up to date of exit from 01.09.2014 with Rs.15000/- as maximum pensionable salary.
In addition there will be pension for past service i.e for service up to 15.11.1995.
I AM JOINING 1/11/82 TILL 31/12/2000 AFTER COMPANY CLOSE
I JOIN ANOTHER COMPANY 1/7/2007 TO 31/12/2017.,I AM COMPLINTING 58 YEARS DURING FEB 2108
WHAT IS MY PENSION AMOUNT
SORRY,
I HAVE COMPLETING 58 YEARS DURING FEB 2018.
PLEASE TELL ME HOW TO CALCULATE THE PENSION AMOUNT. DUE TO BREAK FOR 7 YEARS(2001 TO 2007).
I am withdrawing pf from my previous organization for house construction. What will happen to the EPS? will I get that also? or do I need to do anything separately to accumulate service?
I am withdrawing PF amount from my previous organization for house construction. what happened to my EPS? will I get it along with this withdrawal? or do I need to do anything separately for service accumulation
Are you taking a loan or doing a partial withdrawal from the PF account for house construction?
or
doing an EPF withdrawal from the previous organization?
Have you merged EPF from the previous organization to the new one?
If not then you can withdraw both EPF and EPS without specifying any purpose.
But remember that when you withdraw your EPF and EPS you lose out on
a) compounding
b) if contribution in EPF is less than 5 years then you would have to pay tax.
c) It also affects your service tenure as again your contribution would be counted from the current organization only. It also affects the Pension amount (which is not much. Max 7500 after 35 years of service)
I,R.PRASAD RAO,RETIRED ASON 30-01-2011,asonpay(30750pay+2500da) at vijaya dairy ,NELLORE,ASST.ACCOUNTS OFFICER,JOINED AS CONTINGENT WORKER FROM 22-05-1975 to 22-12-1977 &as typist services from 23-12-1977 to 31-01-2011, appointed by A.P.DAIRY,HYDERABAD,.NOW I am drawing pension rs.2085/-.permonth. now, which amount will be get higher pension,&which amount should be pay epfo or eps authorities?,houmuch, I will get higher enhanced pension. in the old age, i am suffering lot of calamities,.I AM ELIGIBLE OR NOT FOR HIGHER PENSION,REPLY SOON—R.PRASADA RAO, AP DAIRY,NELLORE.RETIRED PENSIONER,.
Past service upto 15.11.1995 is 13 years 4months 2 days
actual service 15 years 6 months 15days
eligble service 29 years
NCPdays 153 days
pensionable service 15 years 1month 14 days
weightage of 2 years 0
pensionablesalary rs6500
wages on 15.11.95 rs2500
wages n date of exit rs6500
years to age58 0
WHat should be my pension.why weightage 2 yers not givem
n what is NCP
My previous employer transferred PF and not employer pensin amount of rs541 per month from 10th jul1995 to 112hapril1996.Can my pension be enhanced coveringbthis 95-96 period as i ad declared i ave not withdrawn amountt.
Alternatively can wthdraw emplyer pension contribution 1995-96 now and whether i will get interest for the same
My previous co. Was not paying the salary so I have joined another company in1994 ,but attendance in previous company marked on attendance resistor daily. After the age of 50 we have claimed for pension and getting pension from epfo but now we have applied for my p.f. so epfo is asking for the statement of previous service up to 4/5/1998, please suggest me right way for withdrawal the p.f.
sir my father died on 16 march 2017 .
the dob of my father is 15/07/1954
there were many PF accounts of my father in the same company.
my mother also had been dead.
my father had an scheme certificate in his duty period is from 1990 to 2000
i applied for family pension with that scheme certificate
the last entry in PF is march 2015
the salary of my father was 8500
i am getting pension of 365 per month
i want to know is this right pension or what should i do to get my right pension
How much pension was your father getting?
Since Aug 2015
The Government has implemented minimum pension of Rs. 1000/- per month to the member/disabled/widow/widower/ parent/nominee pensioners and
Rs. 250 per month for children pensioners and
Rs. 750 per month to orphan pensioners
Sir pl calculate my pension. Dt of joining 06.09.1969. EPF contribution year 1971.Dt of retrenchment 22.03.2002. Pay drawn Rs.16159/-(Basic+DA) per month from September 2001.
This website is very useful for all, particularly to me since I was retrenched from service 16 years ago after rendered 32 years service. From this website I came to know the present rules and regulations clearly.Kindly inform my present pension. Thanks.
With regards.
The above EPS convertible box showing exceed maximum pension i.e Rs.7500/-
For example:
A person joining on 1st September 2000, he retired on 30 September 2033. that means he completed 34 years of service as per formula pensionble salary*pensionable service+2÷70
15000*36(34+2 bonus)÷70
=Monthly pension: Rs.7714/- but as per law maximum bonus Rs.7500/-
How The excess amount Rs. 214/-
Can anyone clarify my doubt…
Sorry instead of pension i mentioned bonus kindly find the mistake…
I Joined in a IT Company in 1999 , but I was transferred to onsite for 7 years and during those years since I was not under Indian Payroll they did not detect my contribution of PF and they also did not contribute.
My Basic Salary now is 30000 and for this Basic pay only PF Contribution happens in my company.
Pl let me know how much pension I will get as I have breaks in contribution
R/Sir, I joined HAL on 01/09/1965 and retired on 31/07/2003 at the age of 60 years .My date of birth is 20/07/1943 At time of retirement my Basic pay was Rs. 14,050/-+ D.A.Rs. 5,873/- +Koraput Allowance Rs. 300 /- Total 20,223/- (Rupees Twenty Thousand Two Hundred twenty three only) At that time my monthly pension was fixed
Rs 726/-(Seven hundred twenty six only)Kindly calculate how much pension will be fixed for me
at present and kindly advice me whom and where to approach further for this pension as per SC order at an earliest and oblige
Regards
Krishna Mohan Prasad
PPO no.BNG29514
Mobile 9972025604
Place Bangalore
Date 29/11/2017
Is 35 yrs of max service is hypothetical . right ?
if some one starts working in private firm with EPF contribution at the age of 21 (after 10+2+3 , graduation) and continues till age of 58 , the number of years will be =37 . also one would get 2 yrs of bonus years after 20 yrs of service .
so my question is , 35 yrs of max service and 7500 of max pension is hard limits or just assumptions in this artical??
Thanks
These are hard limits.
I Joined on 1.1.2009 I am working in Pvt company I am getting Rs. 17000/- pmt My Date of birth is 1965 How much Pension I can get on 1.1.2019
Sir,
My name is R. Seetharamamma, I have joined in BHPV in October 1985 and retired in 2013 as EII
grade, I have paid PF & EPF in all my service. Now I am getting pension of Rs 2082/- As per recent Supreme Court Orders How much I have to pay to PF Office to get full pension on my last pay drawn? My date of birth is 4/9/1954. BHPV Was is private Trust, after that it is merged with BHEl
Sir, I joined HAL On 01/09/1965 and date of my retirement is 31/07/2003 at age of 60 years .My monthly pension was fixed Rs. 726/-(seven hundred twenty Six only I want to know as per sc court
direction how much pension will be fixed and for this
where I have to apply further .hope this may please be replied at an earliest and oblige.
Regards
Krishna Mohan Prasad
Mobile no. 99720 25604
Dear Seetaarmji, I don think those who have already retired and drawing pension can increase EPS contribution retrospectively and get additional pension. This ruling impacts those who are still in service and members of EPFO. Click link below for further clarification. https://freefincal.com/increase-eps-contribution-higher-pension/
Sir,
I joined in BHEL on 30/01/1981 and retired on 24/02/2016.
In between I took “Study Leave” for THREE YEARS between 1989 to 1992 on loss of Salary Basis. After rejoining BHEL after the completion of Study Leave, I paid the PF contribution for the THREE years from my own personal funds. Now I am receiving a monthly pension of Rs. 2246/- . So in total I served BHEL for 35 Years including my Study Leave years. At the time of my Retirement my basic salary was around Rs. 70,000/- plus allowances. So, please indicate whether the Pension amount that is being received by me is correct or not. Also please advice what I should do now to get enhanced Pension as per the recent Supreme Court Order. With many thanks and regards…….
I am Ramchandra Shedge , My Date of Birth is 08/12/1958
I have worked in first company from April 1976 to May 1981
Second company joined on May 1981 to 31/12/2016 ( 58 Years Completed )
My old PF amount transferred to new Co.PF a/c.(It means continues.)
Now I have get pension Rs.2804.00 PM
So is it correct? As per scheme I am not satisfy. Please advise and reply.
Regards
R S Shedge
I received a lump sum paymentof rs. 21467 in August 2017 in my bank a/c against my elf pention number 20034. I don’t why I received that amount apart from normal pention amount rs. 926. Now Ian receiving rs.913 as my pention amount.
I joined ecil on 25 August 1971. I was epf family pention member from that date. I took vrs on 30 September 2001. My salary was more than rs.2500(basic+da) before 1995 and lator more than 6500 pm. Ididnot commute my pention amount. Why I am not getting the minimum pention of rs 1000 pm.
Can u please calculate my pention on the date of vrs in sept.2001
Thanking u
D.j.reddy
Respected Sir,
I was working as an Asst.proffessor from 1/10/1997 to 31/1/2012 at U, V. Patel Engineering college.
Now I am working as a Principal(Diploma) at S.P.B.Patel Engineering College-Linch from 01/08/2012 to till today. My birthday is 04/10/1962. so how many pension I will get after retirement. I had withdrawn my PF from U.V.Patel Engineering college.
As you had worked for more than 10 years at UV Patel engineering college you would not have withdrawn EPS. Did you get Scheme Certificate?
When are you planning to retire.
If you are retiring at age of 65 i.e in 2027 then you would get Rs :6857 as pension calculated as 15000 X 32(2 bonus years)/70
I joined in BHPV Ltd Visakhapatnam on 08/06/1983.My date of birth is 01/07/1959.
My company merged with BHEL. I had attained 58 years on & pension eligible from July 2017. & it was sanctioned Rs 2946/- only .from EPF 1995 scheme. As per the above calculator I have to get Rs 4514/- Why the deference calculation Between (above ) this & PF office.
Above calculator is wrong as it doesnot consider Para 5 of GSR 609(E).
Past service 12.5 Y
Pensionable service 22 Y
Weightage 2 Y
Pensionable salary 11175
Pro rata pensionable salary 7112
Past service pension 95 or 105 based on whether salary is above or below 2500 on 15/11/1995
Past service multiplier 5.231
Past service pension 95 or 105 x 5.231 = 497 or 549
Formula pension 7112 x 24/70 = 2438
Hence total pension = 2935 or 2987
Dear Sir
my service started to 1985 and retaried 2013 my total service 28 years and 8000per month my salary at present my pension per month Rs. 1359 /-five years recived payment rs. 1359 but not increase my pension my ppo no 47649 Jaipur Raajasthan
please explan for me
Thanks and Regards
Jagdish Singh
You should get slightly more. Calculation is as follows
Years till 1995 : 10
Base Salary till 1995(for amount less than 2500) :80
Number of Years of service:18
Multiplication Factor :4.152
Your Pension per month for years before 1995:332
Average Pensionable Salary : 4800
Your Pension per month for years after 1995:1234
Your Total Pension per month :1566
Date of Joining in a Kerala State PSU on 12-08-1985., Date of birth 22-05-1959.,
Date of retirement 31-05-2017 my average salary (15000 for 33 months and 6500 for balance 27 months ) 11175. then what will be my EPF pension … last two months I am getting Rs.2803/-only. Why?.
please give me a reply
Did you have a NPS account?
As per our calculations, you should get 4429. Break up is given below
Years till 1995 : 10
Base Salary till 1995 :80
Number of Years of service:24(22 + 2 Bonus Years)
Multiplication Factor :5.649
Your Pension per month for years before 1995:452
Average Pensionable Salary : 11600
Your Pension per month for years after 1995:3977
Your Total Pension per month :4429
Dear Sir
my service started 1985 and retarited 2013 Age 52 years old Salary Net payable 7000/- per month
my pension started to year 2013 pay by 1359/-every month no increase my pension
Thanks and regards
Dear Sir
my services started 20 Feb. 1990 and retaired 20 feb 2017 my basice Salary payable every month 12124 after deducation 27years service completed age 50 years old
please How Much pensions
Thanks and regards
Good Evening Sir,
If I get 7500 Rs Pm pension for next 10 years after age of 58 to 68 and I died at the age of 68 then how much pension will my nominee get. what is the procedure for this
My wife worked in a Publishing company from 01.04.1990 to 31.07.2017. She retired in the age of 58 years. She was getting a salary of Rs.18000/- at the time of retirement. Pls, calculate how much pension she will get. Thanks.
Mywife worked in DAV School Jhakal Mandi from 22 September 1992 and she retired on 31 August 2016 Her last salary was 40,000 per month kindly tell me how much pension will she get thanks and regards
MY SELF IS D.K.GANDHI FROM JALANDHAR. JOIN THE ORGANISATION ON 01.04.1986. WITH EPF CONTRIBUTION. REGULARLARLY MEMBER. NO SERVICE BREAK. NO WITHDRAWL MADE. PRESENT SALARY IS 12300/- AS ON DATED 01.09.2017. 32 YEARS SERVICE. INTREST FOR PENSION. BUT IS PENSION APPLICABLE IF RETIRE ON 31.12.2017.
Sir
I have withdrawn my EPS contribution from last employer. Can I return the amount to EPS so that my number of years in service will get increased. Please advise.
I joined in 5 August 1995 and retired from service on 30 September 2016 my pension should be how much
Sir,
I have joined EPF & EPS w.e.f., 22/02/1999 and contributed till 03/2014 and
completed service of 15 years
Non contributory period EPF & EPS is 01/2014 to till date
From 04/2014 our Institution was taken over by the Govt., of A.P. and we become Government employees and now applies NPS
Sir
MY DATE OF BIRTH IS 13/06/1973
1) I am eligible for Pension (EPFO) as I contributed for more than 10 years without any break, what is the procedure
2) is it beneficial to me to withdraw the EPF & EPS balances as on date
3) is there any provision to transfer my above balances to my NPS account
4) Still i have 15 years of service
Kindly inform the RIGHT CHOICE in the above sir
Dear Sir,
I joined my previous company on March’92 and leave that company on May;2008. I have applied for Pension certificate in previous company but till date I have not got the certificate.Now what I will do? Please give your valuable advice regarding this.
PLEASE CALAULATE MY PENSION AS PER DETAILS AND SEND IT TO MY MAIL DATE OF JOINING 16/07/1982
DATE OF REALIVING 31/12/2016
LAST SALARY (BASIC+DA) RS/=17200
7285
Please calculate my 1995 pension scheme detail and send it my mail Date of joining 16/07/1982 Date of leaving 31/12/2016 Last salary ( basic+da)=Rs 17127.80
Dear sir,
My date of birth is 05/01/1959
I joined duty on26/10/1985 &taken VRS on 31/10/2017 before 3months of completion of 58 years.my claim for pension received on 04/01/2017 PPO office.
Past service upto 15/11/95 -9 yrs, 10 months 06 days. Actual service -20yrs.11months16 days. Pensionable salary
RS.10183. wages on 15/11/95
RS.3804. wages on date of exit
RS.15000. my obtained pension is perhaps wrong . That’s less. Help me please.
Sir, My father joined Ongc mumbai, as marine officer in 1981, but he expired in April 2001 due to heart attack, Till now we have not received any eps , we r four in our house, mother , two brothers, one sister, So i want to know how much eps will my mom will get, and his children s, and wt should we do to get it.
My date of birth is 22.12.1951 and after completion of 50 years of age due to my retrenchment from service, I had drawn 24% reduced EPF Pension in August, 2001. Will I keep on drawing reduced pension life long or after some time it is restored? Even I have completed 15 years since I am getting reduced Pension. Please help.
please calculate my pension as per details and send it to my mail.
date of joining 30.03.1982
date of leaving 03.06.2017
last salary in which
amount is deducted
epf and eps Rs 26960/-
from 30.3.82 to 3.06.2017 no any break and permently deposited both the share.
however i was retired on 30.06.17 and yet not applied for PF withdrawal till date .
please be calculated my pension amount.
Regards,
I join service 1994 and leave job 2016 my average salary 14000 pm.how much pension we get .please calculate.
Sir
My son worked on a software company from 27.05.2013. He died in a road accident on 16.12.2014. His employer has paid EPF and EPS subcriptions regularly. My son is unmarried. His employer got filled all forms for EPS claim from me and told that they have sent to concerned EPS office. But I am yet to get EPS even after two years. Employer is not responding. Am I eligible for EPS. To whom I have to follow. Please guide me
Sad to hear about your son.
Do you have your son’s EPF details?
In case of death ( Married Person) : Widow will get the entire contribution made by employee towards the EPF along with the employer’s share of contribution with interest till the date of settlement.
She will also be entitled to EDLI ( Employees deposit Linked insurance ) benefits. This will be in shape of a lumpsum amount.
She will be entitled to pension throughout life, to be calculated on the basis of last drawn salary by member.
Two children will also be entitled to Children pension under the Pension Scheme,1995.
In case of Unmarried person : Nominee ( father , Mother , Brother , Sister) will get the contributions paid by the EPF member.
Father / mother will get pension benefits under the Pension Scheme, if they are dependent on the member.
I am unmarried, at present I am getting pension 1407 ,my age is 56,After my death who will get pension?for that what I have To do?
Hello Sir,
My Father worked in TANCEM Cements and he expired on the year 1997.
He joined service by 1981.
After he expired, My mother getting constant EPS pension of around 1986/- and this was the constant pension she getting from last 20 years.
I want to understand why this pension amount not getting increase to the widows.
Is the government is restricted for increasing the pension amount or we didn’t got the proper increament by mishandling of authorities.
Please explain.
Dear Sir,
I worked for complete 09 years and eligible for EPS amount in lump-some.
My last basic was 22000/-.
I got my PF, how much EPS will I get.
Is 9.33*22000=205260/- or
9.33*15000/-(CAP of Basic salary)=139950/-
pls advice..
Sulekh
My Date of Joining is 01.09.1989
and Date of Leaving 31.12.2017 – Age 50 Years.
How much Monthly Pension I will get from 2017
My Basic+DA=more than 12500.00
A lecturer joined with Ph.D . in a private engineering college service but because of various reasons he hasput up a service of 17 years. He claimed PF and EPS pension after reaching the age of 62 yas. Now he gets a pension of Rs,1000/- only. How strange is it. These days rice is nearly rs.50 per kilogram. in fact this pension is equal to an old age pension given by several governments
Sir I am getting Rs. 56539 per month as pensionable salary and my contribution is not restricted to 15000/- limit. 12% of 56539 i.e. Rs. 6784/- is being credited to my PF account alongwith administrative/inspection charge @ 1.16% is being allowed from my employer. Hence I am covered under the judgement passed by the Hon’ble Supreme Corut order in SLP No. 33033 of 2015. What will be my pension if I retire from Service on 30.06.2017 (Pensionable service w.e.f. 16.11.1995 to 30.06.2017 i.e. 21 years and 7 months).
jai hind sir
my father joining date of govt post is 30aug 1977
and retirement date is 30 april 2010
plz tell me sir what will his increased pension
now he is getting 1720 inr per month
My dad joined his job on1/1/1983
And retired on 1/5/2007
How much monthly penson he will get from 2017
His basic+Da=more than 15000 at the date of retirement
This is to bring into your kind notice I have joined in a private firm ,1976 as a manager last drawn is below ,,,10000.00 sal served 35 years full service.pf No.,Ap1166/30 ppo No.ap34934.how much I get from October(pension increase,)I have SB a /c atVZM.kindly inform.
I have joined in SD Public School Narwana as teacher on 01.04.1994 and wii be retired on 30.06.2017 after attaing the age of 60 years as m,y date of birth is 14.6.1957. My pay is asw under as on 01.04.2017
BP 14070.00
G.Pay 3600.00
DA 11309.00
Deduction towards EPF 2120.00 Per month
Please calculate my pension
Your Pension will be Rs. 4457/-
Sir, I have joined my service on 01/06/1979 and will be retiring on 17/09/2017. My present basic salary is Rs.85911.
I would like to know the monthly pension amount through EPS.
As you had joined before 1995 when the EPS pension rule was changed you have to check if your salary is more than 2500 on date of 25/Nov/1995
If it was less than 2500 your pension calculator in the article
EPF Joining Date (dd/mm/yyyy):
01/06/1979
Retirement Date (dd/mm/yyyy) :
12/09/2019
Salary Less Than Rs 2500 Salary More Than Rs 2500
Calculate
Years till 1995 : 17
Base Salary till 1995 :95
Number of Years of service:26(24 + 2 Bonus Years)
Multiplication Factor :6.589
Your Pension per month for years before 1995:626
Average Pensionable Salary : 15000
Your Pension per month for years after 1995:5571
Your Total Pension per month :6197
If you use more than 2500 on 15.11.1995 then calculation is as follows:
ears till 1995 : 17
Base Salary till 1995 :105
Number of Years of service:26(24 + 2 Bonus Years)
Multiplication Factor :6.589
Your Pension per month for years before 1995:692
Average Pensionable Salary : 15000
Your Pension per month for years after 1995:5571
Your Total Pension per month :6263
Sir,
The follwoing is not very clear:
Base Salary till 1995 :105
Base Salary till 1995 was more than 105 it is more than 15000/month.
Number of Years of service:26(24 + 2 Bonus Years)
I have joined EPS as per EPF statement 09/12/1995 and
Date of joining PF Scheme 01-06-1979.
Sir,
The follwoing is not very clear:
Base Salary till 1995 :105
Base Salary till 1995 was more than 105 it is more than 15000/month.
Number of Years of service:26(24 + 2 Bonus Years)
I have joined EPS as per EPF statement 09/12/1995 and
Date of joining PF Scheme 01-06-1979.
Sir,
The follwoing is not very clear:
Base Salary till 1995 :105
Base Salary till 1995 was more than 105 it is more than 15000/month.
Number of Years of service:26(24 + 2 Bonus Years)
I have joined EPS as per EPF statement 09/12/1995 and
Date of joining PF Scheme 01-06-1979.
Govindnarain tailor rsrtc join 6 .11 .1980 ret.31 .12 .2017 Mr ketne painsan banage
how much pension will i get under EPS presently my basic pay is Rs.35400,at 24year old and i will retire in 2053 at the age of 60 year?
Based on a maximum employment period of 35 years, and maximum contribution of Rs 15000, the maximum amount of pension as per the Pension formula would be = 15000 * 35/70 = Rs 7,500 per month or Rs. 90,000(7500 * 12) per year.
I will be retiring from Service w.e.f. 17.09.2017, after serving the company (Tata Hitachi Construction Machinery Co. Ltd.) for 38 years.
As per the bemoneyaware I will be getting 6263 per month. But, when I am seeing the other collegues in my company all the persons are getting Rs. 2500/- PM as pension.
Kindly, educate me where is the difference in calculation? and what should I do?
You are confused. As per latest order of EPFO, CEILING on pensionable salary of 15000 is withdrawn and hence pension would be average of last 5 years salary drawn*no of years/70
Apologies Sir. Would you be kind enough to send us the link to the latest order of EPF.
I joined service as teacher in SD public sch00l Narwana
Datw of joining 1/4/1994
Date of retrement after attaining age of 60 years 30/6/2017
Total; salary 31866.00
Basic pay 20000.00
EPF deduction 2120.00 per month
please calculate the pension
a/c noGN/RTK/0015283/000/0000021
since i am getting pension Rs820 from 2012 onwards before i attaind 58 years .I was told that after 2016 ie 58 years compleition my pension will get change .Till date I did not recd any enhanced pension .How do I will claim? and further Aadhar verfication also done.
Minimum EPS pension is Rs 1000.
According to a government notification in August, 2014, the benefit of minimum pension was made effective from September 1, 2014 to March, 2015.
On April 29 last year, the Union Cabinet gave its approval for continuation of the minimum monthly pension of Rs 1,000 to the subscribers of Employees’ Pension Scheme, 1995 beyond the fiscal 2015 on perpetual basis.
From 1994 to 1997 I worked in private company in guntur, from 1997 to 2007 worked in Mumbai, guntur pf transferred to Mumbai, withdraw pf and taken scheme certificate, in 2008 again joined at guntur and resigned on may 2017, last drawn basic is 15000/-, now tell me what I have to do with the Mumbai scheme certificate, now my age is 55 years, please guide me in this regard
Dear SIr,
Good Afternoon.
I want your opinion on my EPS .Details are furnished below.
1)I was working with ‘X’ company in Delhi from 20Jan 2000 to 10 April 2010 ( More than 10 Yrs)& was a member of EPS. I resigned X company.( at that time my edge was 49 Yrs 9 months).
2) I joined New company ‘ Y ‘ on 3 May 2010 at Pune.But Joined EPS scheme in July 2011.
3)Now I will be completing 57 yrs of age .
4)In my company retirement age is 60 Yrs.
5) Please guide me on:-
i) Start the pension after completing 57 yrs of age or wait till retirement (60Yrs) Which form to be filled & process the same.
ii)Getting the Pension certificate thr’ previous company.- Which forms to be filled.
iii) How to process the Pension certificate further with my existing company.
iv) Writing EPS scheme no. on application- with previous company no is different with my existing company new UIN code no is allocated to me.Which nos are to be mentioned on application if I decide for Pension certificate.
v) Your opinion on financially better proposal-early pension after entering 58Yrs of age or Take certificate submit it to existing company & get the pension after retirement.
Expecting your early reply
Thanks & regards
Sir Did you transfer your old PF account to the new company?
Did you withdraw your EPF account of old company and have EPS Scheme Certificate from old company?
Do you need money/pension amount now?
Hi,
Thanks for reply.
I have withdrawn EPF from X company PF Trust.
I have not done any thing related to EPF account. Form was filled up & submitted to that Company ,but what happened to that no body knows.
I have beeen advised to fill up 10D. Which I dont want as it may go for Reduced pension & may create problem for me after retirement from my existing company ‘Y’.
As now I am 1 year short of 58,Why to fillup 10D now ? Instead I am planning to fill up 10C.Waiting for your advise & suggestions on filling up 10C,SIgning,Docs to be attached etc.& next procedure.
Please guide me ?
Regards
It is very helpful information regarding the Pension Calculation and illustrative. Most people wrongly calculating the EPS salary which is 8.33% of the Basic or Rs. 1250 which ever is lower (Yes main mistake is here only). As maximum monthly EPS salary is Rs. 1250 (Yearly Rs. 15000). Then everybody will get their answers correctly (The monthly pension calculation: Pensionable Salary X No. of pensionable service years / 70) (+2 if it is more than 20 years).
my brother in law expired in the fire at the company.
his service was of 2 years 9 month and pf deduction was 1800 (additional 1800 employers contribution)per month of which 1250 was towards eps.
can you calculate how much pension my sister would be getting?
Sorry to hear about your brother in law.
An employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58/50 years.
As your brother in law passed away after 2 years and 9 months of service his contribution would be minimal.
You can withdraw from the EPF and EPS.
You can also claim insurance under Group Insurance or Employee’s Deposit Linked Insurance Scheme or EDLI of the employer.
EDLI provides a lump sum payment to the insured’s nominated beneficiary in the event of death due to natural causes, illness or accident.
On 12 Apr 2017, the EPFO’s apex decision making body, the Central Board of Trustees (CBT), has recommended a minimum sum assured of Rs 2.5 lakh in the event of death of a subscriber. At present, the dependants of the deceased get a sum assured of up to Rs 6 lakh.
The claim amount of the EDLI is decided by the last drawn salary of the employee. The claim amount would be
30 times the salary.
For this calculation, salary is basic pay plus DA or Dearness Allowance. The upper limit of wage for the EDLI is Rs 15,000.
Along with this, the bonus of Rs 1.5 lakh is also given.
Thus, the maximum EDLI claim amount would be Rs 6 lakh [(30 x15,000) + 1,50,000].
To claim EDLI, the form 5 should be used. The EDLI claim form should be submitted along with Form 20 and form 10D/10C (for claiming the Provident Fund dues and Pension/Withdrawal Benefit as applicable). It facilitates to process the benefits of the scheme in one go.
To know more about EDLI you can read our article EDLI, Employee Deposit Linked Insurance Scheme
Sir,I had come to know that EPF authority issued a circular no:34007 dated:23/3/2017regarding benefit of actual salary of exceeding of wage limit of 5000&6500 pm as per Apex court.If any one have any information pl.share
Yes Sir you are right. You can read the circular here (pdf)
Sir,
Thanks a lot , the information provided by you is excellent, i calculated the pension amount correctly on the basis of the information.
Great Job
I have joined a private bank on 11.11.1991 and resigned from the Bank on 04.04.2017 and joined other company where the PF deduction is exempted for that company. My date of birth is 23.06.1970. Can please tell me the amount of pension I will get after attaining the age of 58 or what is the amount of pension my nominee will get in case of any eventuality before attaining the age of 58 years
I have joined in the public sector undertaking on 11/12/1972 And there after CPF along with EPF was deducted regularly there after I have joined in other Public sector undertaking and all the entire amount was transferred to that office and after continus service I have been superannuated on 29/02/2012 and my present pension is 1732/- but I came to know that amount has been incressed and no payment made to me.Now is any body to clear the same weather shall I get revised pension.Please confirm.
I was retired from service at the age of 58 years in 2009 and was member of EPS 1995 scheme since its inception. I am getting about Rs 1700 pm as a pension which is very negligible in the present circumstances. Is there any chance/ hope of reviewing the pension amount upwards by the EPFO/Government like Central Govt Pension scheme?
Sorry Sir it doesn’t seem there would be revision of pension from EPS.
Sir,
I have joined in EPF 01-11-1987 and I have taken retirement from my service on dt. 30-06-2016. How much pension I will get ?
Before 1995 my Salary Was RS.2500 (Basic +DA)
At retirement my 5 years Salary average was Rs.8000
My Age : 52 Years
Pension Started this month Rs.1404. I want to know it is correct or Not ? also I want to know how much at 58 age ?
Sir,
I have joined in EPF 01-11-1987 and I have taken retirement from my service on dt. 30-06-2016. How much pension I will get ?
Before 1995 my Salary Was RS.2500 (Basic +DA)
At retirement my 5 years Salary average was Rs.8000
My Age : 52 Years
Pension Started this month Rs.1404. I want to know it is correct or Not ? also I want to know how much at 58 age ?
Thanks,
Alok Shrivastava
please calculate my EPS .my case details are as under 1) date of joining 16/05/1974 2) salary as on 16/11/1995 Rs 5000/- 3) Date of leaving service 5/5/2003 4) last salary Rs 6500/- 5) date of pension application 5/5/2012 6) date of birth 6/8/1953
I am getting pension of Rs 1195/- only .i feel it is much lessor than my other friends having similar service record . I request experts to confirm my calculations. thanks
I have joined to my employer on 01.12.1994 and till date working with the same employer my present basic salary is Rs.40000/- per month. Please calculate my pension and inform us howmuch pension we will receive at below mentioned mail
कर्मचारी भविष्य निधि संगठन में ई पी एस के तहत प्राप्त होने वाले पेंशन से निजी क्षेत्र के कर्मचारियों को फायदा कम नुकसान ज्यादा हो रही है !
कर्मचारी भविष्य निधि संगठन के तहत पेंशन फंड में नियोक्ता द्वारा कर्मचारी के मूलवेतन का 8.33% राशि योगदान की जाती है । जिसमें सरकार नाममात्र का 1.16% राशि योगदान करती है । पेंशन फंड में जमा राशि पर ब्याज प्रदान नही की जाती है । कर्मचारी का न्यूनतम 10 वर्ष सेवा पूर्ण होने पर 50/58 वर्ष बाद पेंशन प्रदान की जाती है । किन्तु यह पेंशन कर्मचारी की पेंशन फंड मे जमा राशि के तुलना में बहुत ही कम दी जा रही है । जिसे हम नीचे दिये गए उदाहरण के द्वारा समझ सकतें हैं ।
माना की रमेश 23 वर्ष की उम्र में 4000 रुपये मूल वेतन के सांथ किसी कम्पनी में नौकरी शुरू कि । यदि मूलवेतन में प्रतिवर्ष 300 रूपये वृद्धि होती है तो रमेश की 58 वर्ष की आयु तक 35 वर्ष की सेवा पूर्ण हो जायेगी तथा मूलवेतन 14200 रुपये हो जायेगी ।
पेंशन सूत्र अनुसार रमेश को 58 वर्ष की आयु के बाद उसकी 35 वर्ष की सेवा एवं 14200 रुपये मूलवेतन के आधार पर – 35*14200/70=7100 रुपये प्रतिमाह पेंशन प्राप्त होगी ।
उपरोक्त्त उदाहरण के ठीक विपरीत यदि रमेश प्रतिमाह पेंशन फंड में जमा होने वाली राशि के बराबर PPF या किसी अन्य सेविंग स्कीम में निवेश करेगी तो 58 वर्ष की आयु तक ब्याज सहित लगभग 12 लाख 55 हजार रुपये जमा हो जायेगी। उस 12 लाख 55 हजार रुपये को यदि पोस्ट ऑफीस की मंथली इन्कम स्कीम में निवेश करेगी तो 8000 रुपये प्रतिमाह ब्याज प्राप्त होगी तथा उसके मूलधन 12 लाख 55 हजार रुपये खाता में सुरक्षित रहेगी।
जबकि सरकार पेंशन फंड में जमा राशि पर प्रतिमाह 7100 रुपये ही पेंशन के रूप में प्रदान करेगी तथा पेंशनर एवं उसकी पत्नी के मृत्यु के बाद यदि उसके बच्चों की उम्र 25 वर्ष से कम है तोे बच्चों को पेंशन मिलेगी हालाँकि कर्मचारी की 58 वर्ष उम्र होते तक बच्चों की उम्र भी 25 वर्ष से ऊपर होगी अतः पेंशन पूर्णतः बंद हो जायेगी। कर्मचारी के जिंदगी भर की मेहनत की कमाई से जमा पेंशन फंड की राशि नॉमिनी को नही लौटाई जाती है यह पूर्णतः सरकार की हो जायेगी ।
उपरोक्त उदाहरण के अतिरिक्त 10 वर्ष से कम सर्विस का एक अन्य उदाहरण प्रस्तुत है…..
माना की श्याम ने 23 वर्ष की उम्र में 4000 रूपये मूलवेतन से नौकरी शुरु की और 9 वर्ष 5 माह में 7000 रुपये मूलवेतन पर नौकरी छोड़ दी तो वह पेंशन का हकदार नही होगा क्योंकि उसकी सेवा 9 वर्ष मानी जायेगी ।
श्याम को EPS नियमानुसार 9 वर्ष की सेवा पर 9.33% * अंतिम 12 माह की औसत मूलवेतन (9.33*6825) = 63677 रूपये पेंशन फंड की राशि वापस कर दी जायेगी ।
यदि श्याम 9 वर्ष 5 माह के स्थान पर 9 वर्ष 6 माह की सेवा के बाद नौकरी छोड़ देती है । तो उसकी पेंशन योग्य सेवा 10 वर्ष मानी जायेगी और वह पेंशन का हकदार हो जायेगा । तथा 50 वर्ष की आयु के बाद उसकी 10 वर्ष की सेवा एवं अंतिम 12 माह की औसत मूलवेतन के आधार पर कुल {10*6850/70} =979 रुपये प्रतिमाह पेंशन बनेगी । हाँलाकि सरकार ने न्यूनतम मासिक पेंशन 1000 रूपये कर रखी है अतः श्याम को 50 वर्ष की आयु पूर्ण होने पर 1000 रुपये प्रतिमाह मासिक पेंशन प्राप्त होगी ।
इसी उदाहरण के ठीक विपरीत यदि श्याम 9 वर्ष 6 माह की नौकरी न कर 9 वर्ष 5 माह बाद नौकरी छोड़ कर पेंशन फंड से मिली एकमुश्त राशि 63677 रुपये को 17 वर्ष के लिए (वर्तमान ब्याज दर 7.25% पर ) फिक्स डिपॉजिट कर देती है तो श्याम को 50 वर्ष की आयु पूर्ण होते ही F.D.की मैच्यूरीटी राशि 2 लाख 9 हजार रूपये प्राप्त होगी ।
इस राशि को पोस्ट ऑफीस की मंथली इन्कम स्कीम में निवेश करती है तो प्रतिमाह 1340 रूपये ब्याज प्राप्त होगी ।साथ ही 2 लाख 9 हजार रूपये उसके खाते में सुरक्षित रहेगी ।
जबकि सरकार श्याम को 10 वर्ष की सेवा पर 50 वर्ष की उम्र के बाद मात्र 1000 रूपये ही प्रतिमाह पेंशन प्रदान करेगी । न तो इसमें प्रतिवर्ष महँगाई राहत के रुप में किसी प्रकार की वृध्दि होगी और न ही कर्मचारी की मृत्यु के बाद पेंशन फंड में जमा राशि उसके नॉमिनी को वापस लौटायेगी ।
EPFO की इस EPS स्कीम से कर्मचारी को फायदा कम नुकसान ज्यादा हो रही है । EPS स्कीम सिर्फ उन्हीं कर्मचारीयों के परिवारों के लिए फायदेमंद है! जिसकी आकस्मिक मृत्यु अल्प सेवा के दौरान हो गई हो या जो 40 वर्ष की उम्र के बाद EPF की सदस्य बनें हैं जिनकी पेंशन फंड में कम योगदान है ।
अतः सरकार को निम्न बिंदुओं पर जवाब देना चाहिये ..
1. निजी क्षेत्र के कर्मचारियों की मेहनत की कमाई से जमा पेंशन फंड की राशि पर इतनी कम पेंशन क्यों दी जाती है । जबकि दी जाने वाले पेंशन राशि से अधिक सरकार पेंशन फंड में जमा राशि पर ब्याज प्राप्त कर रही है।
2. कोई कर्मचारी लम्बी अवधि तक EPF का सदस्य है तथा 58 वर्ष में पेंशन प्राप्त करती है। यदि कुछ दिनों बाद पति-पत्नी दोनों की मृत्यु हो जाती है और उनके बच्चों की आयु भी 25 वर्ष से ऊपर है तो उनकी पेंशन पूरी तरह बंद हो जायेगी । तब कर्मचारी के पूरी जिंदगी की कमाई से जमा पेंशन फंड की राशि को सरकार उसकी नॉमिनी को क्यों नही वापस करती है ।
जबकि NPS में पूरी राशि कर्मचारी के नॉमिनी को लौटा दी जाती है ।
2. पेंशन फंड में जमा राशि पर EPF की तरह ब्याज क्यों नहीं प्रदान कि जाती है तथा ब्याज सहित कुल जमा राशि के अनुसार प्रतिमाह पेंशन क्यों नही दी जाती है ।
3. पेंशन की राशि में प्रतिवर्ष महँगाई राहत के रूप में वृद्धि क्यों नही की जाती है ।
4.पेंशन सूत्र में परिवर्तन क्यों नही क्या जाता है
I agree with you P K Sahu Sir.
Pension ke naam pe loot ho rahi hai employee ki.
Pension Plan me sudhar jaruri hai.
AAP ne bilkul sahi kahà Sahu sir.epf under employees ki pension mein Da Bhi lagna chahiye aur annually is mein badhotri bhi honi chahiye.kyonki Pvt employees ki pehele salary bahut short multi hai aur Baad mein pension bhi namatar Hoti hai. govt ko chahiye ki Pvt employees ki pension cum se cum 6000/ta per month fix kar Deni chahiye ki Pvt employees bhi apni life achhi tareh se ji sake.
Sir,I will give all my correct Service details for getting me your correct Pension calculation to clear all by doubts about EPF pension.(1)Reported for duty in a factory on 1-10-1984.(2)My Basic+DA salary on 16-11-1995 was above Rs:2500/00(3)My age on 16-11-1995 was 53 yrs.(4)Service continued in EPS 1995&retired on 6-10-2000(5)My Basic+DA on Retirement date was Rs:6775/-(6)So Total Past service(under 1971) was 11 years.((7)Pensionable EPS95 service was 5 years.(8)Total Service under EFPS1971+Service under EPS 1995 was 16 years with P.F remittance without any break.indly calculate the Correct monthly Pension I have to get till Enhanced pension Rs;1000/00 common to allduring September 2014 or so.(ACN)28-11-2016
My Husband joined the company in July 1972 and left working in Dec 1994 with varoius places of posting.His D.O.B is 10th Sept 1945.
I have been writing to PF as well as the Employer for his pension since 2006.
With much persuasion PF Jaipur sent his FPF Contribution to Park Street Kolkata only from June 1979(No info either from Employer or PF JAIPUR on FPF).
However Employer has confirmed through the letter to PF that he joined in July 1972.
Just a day back the Bank SMS says Rs 1000/- has been credited.What should have been his monthly Pension.I had expected more than min pension .Is he not eligible for 2 yrs Bonus?What should be his past arrears and if he is eligible for Interest for delayed Pension.He is yet to get PPO/UAN number as well details of FPF contribution.How can we get these to check the details are correct/update/not missing years in between etc.
S.court ka desition March 17 ka epf pention walo par kab tak lagu haga ya yeh bhi pending ho jaega
please calculate my pension as per details and send it to my mail.
date of joining 21/04/1988
date of leaving 10/07/2016
last salary in which
amount is deducted
epf and epf Rs 1800/
S chinnabba raju
Dear Sirs,
I have opted for early pension from 50 years of my age. 30% of the pension surrendered to department and they paid Rs.30,000/- at the time of Ist pension disbursement. Totally my pension was Rs.650/- per month since from the beginning. But minimum pension of Rs.1,000/- not observed in my case and still i am getting same from the beginning Rs.650/-. Could you please explain why the minimum pension of Rs.1,000/- not observed in my case. Thanks
please calculate my pension as per details and send it to my mail.
date of joining 01.09.1979
date of leaving 01.11.2013
last salary in which
amount is deducted
epf and eps Rs 6500/-
from 1.9.79 to 1.11.2013 no any break and permently deposited both the share.
however i am still epf member and no amount is withdrawal wherein interest is receiving continiously.I am thoughting amount to be withdrawal on retirement date which will 1.9.2017 (58 yrs) so may please be calculated and guided that am i right ?
SEND IT
Can you please tell me what is the maximum and minmum pf pension for 40years of service?
Can you please tell me what is the maximum and minmum pf pension for 40years of service?
My mum worked for a well reputed company for 40 years and after completing 58years of age she did not apply for her pf pension but now she completed 71years of age she filled the form with her employer and they have submitted to the epfo and the concerned officer has verified it.Can you please tell me how long will it take for her to receive her pf pension after the verification and is she eligible for her pf pension arrears.
My mum worked for a well reputed company for 40 years and after completing 58years of age she did not apply for her pf pension but now she completed 71years of age she filled the form with her employer and they have submitted to the epfo and the concerned officer has verified it.Can you please tell me how long will it take for her to receive her pf pension after the verification and is she eligible for her pf pension arrears.
Thanks for this article, very helpful. How do one calculate the number of service. Is this applicable only where EPF is deducted? Is it tracked to UAN?
I had worked from 2004-2006 where PF was deducted but when I quit i encashed everything. From 2006-09 no PF.
From 2009 till date I am with the same company and PF is deducted and linked to UAN. In such scenario how many years would i completed to be eligible for pension.
Thanks,
Rakesh
Number of years of service depends on contribution to EPS and EPF.
From your job in 2004-2006 did you withdraw EPS also , submitted Form 10C along with Form 13(withdrawal from EPF).
If yes then your number of years of service will be for current job only.
Thanks for this article, very helpful. How do one calculate the number of service. Is this applicable only where EPF is deducted? Is it tracked to UAN?
I had worked from 2004-2006 where PF was deducted but when I quit i encashed everything. From 2006-09 no PF.
From 2009 till date I am with the same company and PF is deducted and linked to UAN. In such scenario how many years would i completed to be eligible for pension.
Thanks,
Rakesh
Number of years of service depends on contribution to EPS and EPF.
From your job in 2004-2006 did you withdraw EPS also , submitted Form 10C along with Form 13(withdrawal from EPF).
If yes then your number of years of service will be for current job only.
Dear Sir,
SUPOSE ANYONE HAS WORKED 25 YEARS IN A PVT. CO. HE RETIRED IN 2014 AGE 60 NOW HE IS RECEIVING pensionRs. 1671/- .
CAN HE TAKE SENIOR CITYZEN PRIME MINISTER PENSION YOJNA.
I WANT TO ASK CAN ANY ONE TAKE TWO PENSION ( (1) EPF PENSION + (2) PRIME MINISTER SENIOR CITYZEN PENSION) KINDLY REPLY
R.L. PAL
Sir you can have as many pensions as you want.
You can apply for Prime Minister Senior Citizen Pension Scheme
R/Sir, I joined HAL on 01/09/1965 and retired on 31/07/2003 at the age of 60 years .My date of birth is 20/07/1943 At time of retirement my Basic pay was Rs. 14,050/-+ D.A.Rs. 5,873/- +Koraput Allowance Rs. 300 /- Total 20,223/- (Rupees Twenty Thousand Two Hundred twenty three only) At that time my monthly pension was fixed
Rs 726/-(Seven hundred twenty six only)Kindly calculate how much pension will be fixed for me
at present and kindly advice me whom and where to approach further for this pension as per SC order at an earliest and oblige
Regards
Krishna Mohan Prasad
PPO no.BNG29514
Mobile 9972025604
Place Bangalore
Date 29/11/2017
Sir, sadly you would not be able to claim a higher pension.
The process of getting a higher pension is to submit a request to EPFO through your employer so that a higher percentage of salary is deducted towards pension.
Mr Kohli had submitted the request but EPFO had rejected his request and he then filed a case and Supreme court announced verdict in Oct 2016 and EPFO finally implemented it now.