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EPF Pension Calculator

This document contains details of an employee's pension scheme such as date of birth, joining date, salary history, pensionable service, and calculated pension amount. There is a formula to calculate pension which is Pensionable Salary x Pensionable Service / 70. Pensionable salary is categorized as below Rs. 6500, between Rs. 6500-6500 ceiling, or above Rs. 6500 with contribution on actual salary. If service is over 20 years, a 2 year bonus is added to pensionable service. Based on this employee's salary history, dates of joining/retirement, and 30 years of pensionable service including a 2 year bonus, their total pension calculated is Rs. 2786.

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67 views6 pages

EPF Pension Calculator

This document contains details of an employee's pension scheme such as date of birth, joining date, salary history, pensionable service, and calculated pension amount. There is a formula to calculate pension which is Pensionable Salary x Pensionable Service / 70. Pensionable salary is categorized as below Rs. 6500, between Rs. 6500-6500 ceiling, or above Rs. 6500 with contribution on actual salary. If service is over 20 years, a 2 year bonus is added to pensionable service. Based on this employee's salary history, dates of joining/retirement, and 30 years of pensionable service including a 2 year bonus, their total pension calculated is Rs. 2786.

Uploaded by

tejasj171484
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Employees' Pension Scheme - 95


Name

St.No.
Date Month
Date of Birth
17
2
Date of Join
16
2
Break in Service before 16.11.95
0
0
Break in Service w.e.f 16.11.95
0
0
Date of completion of 50 years
16
2
Date of completion of 58 years
16
2
Date of Employees' Pension Scheme
16
11
Date of Retirement
28
2
Date of Seperation from Service
28
2
Nearest Date for Pension Entitlement
17
2
Nearest Date for Pension Entitlement
17
2
Salary on 16.11.1995
2500
Salary on Seperation from Service
6500
Past Service (years)
0
Past Service Benefit (Rupees)
0
Multiplying factor as per Table B
24.383
0
Past Service Benefit with multi.factor
Pensionable Service with Bonus
30
2786
Pensionable Service Benefit
2786
Total Pension (subject to minimum)
2786
Pension on Nearest Eligible Date

Year
1979
2009
0
0
2029
2037
1995
2037
2037
2037
2037

For pensionable service there is a formula to calculate pension. It is Pensionable Salary x Pensionab

Pensionable salary can be categorised in to 3. 1) Below Rs. 6500. 2) Rs. 6500 & above, but contribu

3) Above Rs. 6500 & opted to contribute on actual salary. In case of 2nd, pensionable salary is Rs. 6
In other two cases, pensionable salary will be the average of last twelve months. Also if pensionable

2 2.535814

2037 2037.128

28
28
28
28

28

1963

28
28

28
28
30
28
28
28
28

2029.128
-14

0.75

0
0

0
0

-13.25

1979.128

-13

-24 2009.125

28 2009.125 2009.125
0

28

16

2 2.535714

2029 2029.125

8.032738

1 0.032738

1 2037.125

0
0

800

24

17 1995.872

2786 2037.128

-28 2037.161

-32 2037.161

2037.128

2786
0

2786
6500

17

2
2786

2037.128
11

2037.13 2037.125 2037.125 2037.161


1.59863 0.130479

2037 2009.125

30

28 2037.125

30

800

28

24.383

42

17

2 2.565753

2037

2037.13

17

2037

85

85

2037

onable Salary x Pensionable Service / 70.

500 & above, but contribution on statutory celing of Rs. 6500.

ensionable salary is Rs. 6500.

onths. Also if pensionable service is 20 years & above 2 year's bonus will be given.

28

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