Benefit of pension on higher wages, if claimed
1) Those retired before 2014 will be getting more arrears than what they remit to EPFO towards different amount of contribution till attaining the age of 58 yesrs.For example an official who retired during Nov 2009 will be getting pension on higher wages Rs8215/- per month ( old pension around Rs 1800/-)He has to remit EPFO Rs 191111 /- towards differential amount of contribution and interest. But he will receive more arrears than what he remitted to EPFO ie.at least more than one lakh.
2) Those retired after 2014 will be getting more pension due to higher scales than earlier retired officials but arrears will be getting less or equal due to period of arrears is less ie from 2015 to 2019.
3) In the case of retired officials before 2004 or wage revision , or voluntary retired , it is not much beneficial to them and they have to calculate how much hike in their pension if claimed on higher wages .
4) Further in the case of dependent deceased people, they are getting 50% or 25 % of pension only. Therefore, it is not beneficial to all the dependent deceased people except those retied or deceased with high pay scales. They have to calculate hike of pension before remitting the amount to EPFO for pension on higher wages.
Durga Prasad
Ref above post-para 1
I retd from CPSU in 2008, contribution paid minimum,
So can I apply for pension on higher wages on payment of differential amount of contribution and interest.
Since employer contribution payment towards this case is doubtful, I shall pay this part also.
Can I request EPFO to consider this case,will this be a valid? more
2) Those retired after 2014 will be getting more pension due to higher scales than earlier retired officials but arrears will be getting less or equal due to period of arrears is less ie from 2015 to 2019.
3) In the case of retired officials before 2004 or wage revision , or voluntary retired , it is not much beneficial to them and they have to calculate how much hike in their pension if claimed on higher wages .
4) Further in the case of dependent deceased people, they are getting 50% or 25 % of pension only. Therefore, it is not beneficial to all the dependent deceased people except those retied or deceased with high pay scales. They have to calculate hike of pension before remitting the amount to EPFO for pension on higher wages.
Durga Prasad
Ref above post-para 1
I retd from CPSU in 2008, contribution paid minimum,
So can I apply for pension on higher wages on payment of differential amount of contribution and interest.
Since employer contribution payment towards this case is doubtful, I shall pay this part also.
Can I request EPFO to consider this case,will this be a valid? more
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DEAR FRIENDS I AM R RAMESH FROM CHENNAI PF AND PENSION CONSULTANT IF ANYONE REQUIRE MY SERVICE/HELP U CAN CONTACT ME AT 98400 29468 more
May 16
How can apply for Higher Pension as my PF contribution was on higher salary. But I don't have Employer now. more
May 16
Great news.
I am still working and I sent application for EPFO:Bharuch to consider my contribution 8.33% at actual and not limited to limit of Rs.15000 per year however EPFO:Bharuch is not accepting my application and mentioning that it is not applicable to myself.I am member since 1995.Can you please guide what needs to be done on the subject for higher pension more
I am still working and I sent application for EPFO:Bharuch to consider my contribution 8.33% at actual and not limited to limit of Rs.15000 per year however EPFO:Bharuch is not accepting my application and mentioning that it is not applicable to myself.I am member since 1995.Can you please guide what needs to be done on the subject for higher pension more
Apr 03
How can i get information about my PF status bcoz i have no UAN number. I lecture Syntel ltd pune in 2012. more
Apr 02
I retired on JUNE2018 , My joining date was o1-10-2007 is morn than 10 years. i have settled my PF in month of NOV2018.Now i have claimed for PENSION MONTHLY, But PF BANGALORE office have been REJECTED my claim form 10D on 04/03/2019 without any reasons. PL. advice more
Apr 02
In view of the SC verdict reported in TOI today which finally throws out all the delaying tactics of EPFO & Govt, what is the action to be expected? To be logical EPFO should on it's own calculate the arrears to be paid & the pension expected to all the pensioners & ask their consent for paying arrears to receive higher pension. Today EPFO is asking for details from pensioners & want it o be certified by employers, which is practically impossible for people who have retired long back & who have changed jobs a few times. some of the employers must have vanished. Above all EPFO has all the data available with them based on which they calculated the pension & returned the EPS contribution paid above ceiling salary. Unfortunately EPFO is so much non-transparent they don't even intimate how they have arrived at the pension amount & EPF accumulation amount. more
Apr 02
