Dear Sir,
I have query pertaining to calculation of pension so I have mention three case so please advice me how much amount they can get as a pention:
1. Employee's Date of Joining 15/03/1981, Date of Leaving 30/11/2013, how much he will get as a monthly pension
2. Employee's Date of Joining 18/04/1992, Date of Expired 14/07/2007, how much amount his dependent will get as a monthly pension
he has spouse and three children and his children are under age of 25 years
3. If employee met with an accident and he is being permanent disable for the work from 10/10/2008 so how much amount he will get as monthly pension. Date of Joining 15/12/1993
Please provide me details with calculation so i can understand easily.
Many thanks for your support in advance.
Best regards,
Parimal
From India, Ahmadabad
4I have query pertaining to calculation of pension so I have mention three case so please advice me how much amount they can get as a pention:
1. Employee's Date of Joining 15/03/1981, Date of Leaving 30/11/2013, how much he will get as a monthly pension
2. Employee's Date of Joining 18/04/1992, Date of Expired 14/07/2007, how much amount his dependent will get as a monthly pension
he has spouse and three children and his children are under age of 25 years
3. If employee met with an accident and he is being permanent disable for the work from 10/10/2008 so how much amount he will get as monthly pension. Date of Joining 15/12/1993
Please provide me details with calculation so i can understand easily.
Many thanks for your support in advance.
Best regards,
Parimal
From India, Ahmadabad
Hello Sir,
Please find here requirement:
1. Date of Birth - 25/11/1955, salary on 16.11.1995 is 3500.00 p.m., Date of Leaving 30/11/2013
2. Date of Birth - 15/05/1970, salary on 16.11.1995 is 4000.00 p.m., Date of Expired 14/07/2007
3. Date of Birth - 20/06/1968, salary on 16.11.1995 is 4000.00 p.m., Date of Accident 10/10/2008
Best regards,
Parimal
From India, Ahmadabad
Please find here requirement:
1. Date of Birth - 25/11/1955, salary on 16.11.1995 is 3500.00 p.m., Date of Leaving 30/11/2013
2. Date of Birth - 15/05/1970, salary on 16.11.1995 is 4000.00 p.m., Date of Expired 14/07/2007
3. Date of Birth - 20/06/1968, salary on 16.11.1995 is 4000.00 p.m., Date of Accident 10/10/2008
Best regards,
Parimal
From India, Ahmadabad
Dear Parimal,
1) In the 1st case, Past service benefit upto 16.11.95 is 105, Multipying factor as per Table B - 4.152, Pension for Past Service - 105x4.152 = 436 - (A)
Pension from 16.11.95 to 24.11.2013 = 18x6500/70 = 1671 - (B)
Total Pension (A) + (B) = 436+1671 = 2107
2) In 2nd case, Past service benefit upto 16.11.95 is 85, Factor as per Table B - 12.197, Pension - 85 x 12.197 = 1037 - (A)
Pension from 16.11.95 to 14.7.2007 = 12x6500/70 = 1114 - (B)
Total Pension (A) + (B) = 2151. Widow will get equivalent to member pension and two children (age upto 25 years) its 25% each.
3) In 3rd case, Past service benefit upto 16.11.95 = 85, Factor as per Table B = 10.457, Pension 85 x 10.457 = 889 - (A)
Pension from 16.11.95 to 10.10.2008 = 13 x 6500/70 = 1207 - (B)
Total Pension (A) + (B) = 2096.
Abbas.P.S
From India, Bangalore
1) In the 1st case, Past service benefit upto 16.11.95 is 105, Multipying factor as per Table B - 4.152, Pension for Past Service - 105x4.152 = 436 - (A)
Pension from 16.11.95 to 24.11.2013 = 18x6500/70 = 1671 - (B)
Total Pension (A) + (B) = 436+1671 = 2107
2) In 2nd case, Past service benefit upto 16.11.95 is 85, Factor as per Table B - 12.197, Pension - 85 x 12.197 = 1037 - (A)
Pension from 16.11.95 to 14.7.2007 = 12x6500/70 = 1114 - (B)
Total Pension (A) + (B) = 2151. Widow will get equivalent to member pension and two children (age upto 25 years) its 25% each.
3) In 3rd case, Past service benefit upto 16.11.95 = 85, Factor as per Table B = 10.457, Pension 85 x 10.457 = 889 - (A)
Pension from 16.11.95 to 10.10.2008 = 13 x 6500/70 = 1207 - (B)
Total Pension (A) + (B) = 2096.
Abbas.P.S
From India, Bangalore
Dear Parimal,
Case No-1-
Please let me know the following:
(Basic + DA) of the beneficiary as on 15-03-81.
(Basic + DA) of the beneficiary as on 30-11-13.
How many increments he had availed during the entire service period.
Increment DATEs and AMOUNT details of the entire service period.
Whether there was any suspension or discontinuation of service during the entire service period.
Whether there was any LOP during the entire service period.
Whether the beneficiary had continued with a SINGLE Employer or changed.(Account Transfer).
If changed, what was the date of JOINING and RELIEVING and GAPE days.
Please let me know the above first, then we will go to the next question...
Thank You...
From India
Case No-1-
Please let me know the following:
(Basic + DA) of the beneficiary as on 15-03-81.
(Basic + DA) of the beneficiary as on 30-11-13.
How many increments he had availed during the entire service period.
Increment DATEs and AMOUNT details of the entire service period.
Whether there was any suspension or discontinuation of service during the entire service period.
Whether there was any LOP during the entire service period.
Whether the beneficiary had continued with a SINGLE Employer or changed.(Account Transfer).
If changed, what was the date of JOINING and RELIEVING and GAPE days.
Please let me know the above first, then we will go to the next question...
Thank You...
From India
Dear Abbasiti,
Thanks for your reply..
But I have one doubt that why they are getting said amount only, they are not eligibel for full pension e.g. up to 58 years.
Please also provide me Table B because if refer Table B there is no any factor as you written here.
Best regards,
Parimal
From India, Ahmadabad
Thanks for your reply..
But I have one doubt that why they are getting said amount only, they are not eligibel for full pension e.g. up to 58 years.
Please also provide me Table B because if refer Table B there is no any factor as you written here.
Best regards,
Parimal
From India, Ahmadabad
Dear friends,
Table B is part of Employees' Pension Scheme-95, which can be down loaded from EPFO. To know pension calculation kindly go thr' any of my postings vide citehr/pension calculation/abbas.p.s.
Regarding widow pension and disabled pension, 58 years completion is not necessary to avail pension. But in the case of member pension it is necessary to complete 58 years to avail full pension.
Abbas.P.S
From India, Bangalore
Table B is part of Employees' Pension Scheme-95, which can be down loaded from EPFO. To know pension calculation kindly go thr' any of my postings vide citehr/pension calculation/abbas.p.s.
Regarding widow pension and disabled pension, 58 years completion is not necessary to avail pension. But in the case of member pension it is necessary to complete 58 years to avail full pension.
Abbas.P.S
From India, Bangalore
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