EPS 95 in Tamil | Employee pension scheme | Should i choose Higher pension scheme or not ?
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- เผยแพร่เมื่อ 3 มี.ค. 2023
- #epfo #epsintamil #higherpension #latestnews2023
EPF Pension which is technically known as EPS stands for Employees’ Pension Scheme, is a social security scheme provided by the Employees’ Provident Fund Organisation (EPFO). The scheme makes provisions for employees working in the organized sector for a pension after their retirement at the age of 58 years. However, the benefits of the scheme can be availed only if the employee has provided a service for at least 10 years (this does not have to be continuous service). EPS was launched in 1995 and allowed existing and new EPF members to join the scheme.
Both the employer and employee contribute 12% each of the employee’s pay towards EPF. However, the employee’s entire share is contributed towards EPF, 8.33% of the employer’s share goes towards the Employees’ Pension Scheme (EPS) and 3.67% goes towards EPF contribution every month.
In order to be eligible for availing benefits under the Employees’ Pension Scheme (EPS), an individual has to fulfil the following criteria:
He should be a member of EPFO
He should have completed 10 years of service
He has reached the age of 58
He can also withdraw his EPS at a reduced rate from the age of 50 years
He can also defer his pension for two years (up to 60 years of age) after which he will get a pension at an additional rate of 4% for each year
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TNCSC யில் 30 வருடங்கள் வேலைபார்த்து இப்போ வாங்ர 'பிச்சைக்காசு' ரூ.1272.அரசியல் வாதிகள் 1 நாள் பதவியில் இருந்து செத்தாலும் (அவர்களது பணி 'சேவை'யாகும்)அனைத்து வசதிகளும் அவர்களது குடும்பத்துக்கு எந்த மனுவும் கொடுக்காமலேயே உடனேக்கிடைத்துவிடும். ஆனால் நம்போன்றோர்க்கு....அந்த சுப்ரீம் கோர்ட்டே சொன்னாலும் கேட்க நாதியில்லையே! மேலும் பென்சன் சம்பந்தமாக இதுபோன்றோர்கள் தரும் கருத்துக்களையும் நம்பவும் மடியவில்லை,புரிந்துகொள்வது அதைவிட சிரமமாக இருக்கிறதே!
Ungazai pontru nanum oru tncsc urubbinarthan enakku 807than varukirathu intha digittal indiavil vazga baratham vazga nam thamiznadu om namasivaya om om
Qqqqqqqqqqqqqqqqqqqqqqq
Not to choose higher pension 😊
😊
😊
He is the only person on the earth who gave final conclusion in the confusing world of EPS 95.
I closed watching for 2.5 years.
Last part is to be understood and digested correctly
The author gives decision for youngsters
A.Corpus should be in your control.
B.Last 5 years salary average unpredictable.
C Rules unpredictable. EpFO dragged 70 lakh pensioners to court for almost 20 years.Even now not settled.
Therefore youngsters who have 20 to 30 years service left,dont go for eps 95 option for higher basic.stay with statutory basic only.
The author is appreciated for his vision.
Thank you so much for your appreciation sir
Super இது தான் உண்மை. நம் பணத்தை வைத்து கொண்டு ஆட்டையை போடும் ஒன்றிய அரசு என்பதை புரிந்து கொள்ளவும்
இப்படிப்பட்ட விதிமுறைகள் தேவையில்லை நடக்காத காரியம் சர்வீஸ் அடிப்படையில் தரலாம் ஒரு ஊழியர் பணிநிறைவுக்குப்பின் வாங்கும் பென்ஷனானது வாழ்க்கை நடத்தும் படி இருக்கவேண்டும் அரசு ஊழியர்கள் வெளியே வந்தபின் நடப்பில் இருக்கும் பணியாளர்களுக்கு வழங்கப்படும் பஞ்சப்படியை வழங்குவது எந்த விதத்தில் நியாயம்
Sir , indha videola example and explanation innum better irundha understand panrathukku helpfull irundhu irukkum... Ishu related next video update pannuga
Thanks for the detailed video and honest feedback of pros and cons..
Thanks for clarification, please post RBI BONDS and Annuity details
Normally 12 percent of pensioable salary only detected the same is from employees and employer. The same is decided into EPS and EPF
very good explanation, clearly understood, thankyou for your super advise.
Sir thnku for ur clear explanation. My husband brought a letter from his company for availing this new pension scheme. By the time i had watched this video. Thanku for creating awareness. It is better to keep our corpus on our control. Thnku u once again
7500 and 60000 - is it momthly pension of yearly pension
சார் புதிய Higher pension பத்தி தமிழில்ல தெரிஞ்சுக்கனும்னு நினைச்சி TH-cam open பண்ணா உங்க வீடியோதான் முதல்ல வந்தது நன்றி சார் என் கண்ணை திறந்துட்டீங்க நீங்க சொன்னமாதிரி Corpus நம்ம controlல்ல இருந்தா நமளே முடிவெடுக்கலாம் நா பாட்டுக்கு Pension Increase பண்ண நினைச்சுக்கிட்டு இருந்தேன் உங்க வீடியோவ பார்த்ததில் தெளிவடைந்தேன் சார்
வாழ்க வளமுடன் நன்றி
தொடர்க உம் பணி செவ்வனே
Most welcome sir. Thank you for the appreciation
Well said and well explained sir,thanks
You are absolutely right bro... We cannot trust these guys(gov) they will make sure that our money goes to Ambani... Adani etc...
Main thing is Retirement corpus will be in our control.
We can't trust Mutual funds.....my father lost his pension money in mutual fund.....don't trust Mutual fund
Which mutual fund he invested, How much he lost?
Sir,
Thanks for this clarification video - very useful for me to understand and make a decision. 🙏
Welcome sir
Clear explanation panneenga sir
Thank you for a great video! Really appreciate you taking the time..
Most welcome sir
Clear explanation, thanks sir, almost all the people's opinion is this system is not advisable 🙏
Welcome sir
@@nivasexcites I doing EPFO works . it is clear explanation sir, I am not suggest for my client for this scheme . thanking you sir
Sir really you think practically and give suggestion about EPS. Thank you very much.....
Welcome karthik
Respected sir Vanakkam,
Thanks for your Responses on our EPS95 PENSIONERS.
Your Channel subscriber M.Duraipandi Senior Citizen
Arumaiyana pativu
Extremely thanks for the valuable information.
Welcome Karthik
Correct Ana time la video vanthuchu.. thank u so much brother
Welcome brother
Sir, Currently all PF accounts are under one UAN. Is it necessary to transfer the PF when we are switching to another company. Is there any problem if multiple PF accounts are under one UAN
Dear Naresh, Thank you for the useful video. Only one suggestion: In future whenever you are mentioning some return of money back to customer(e.g Pension), clearly say if this is annual amount or monthly amount.
kollai adika vitu va su va pothitu irindha 111 😄😭😂😁
Thank you. Clearly explained.
You are welcome!
Sir, can u pls tell how the differenece amount for past period will be arrived. Is it based on current basic or respective month basic ?
What about the present family pensioners? Will their minimum pension will automatically increased? What will be the future minimum family pension? Please clarify.
If Terms and condition explained it will be helpful to decide
What about the person already retired & drawn and utilised all the PF amount.
What is the calculation for payment of lumpsum amount for contributing to eps fund?
Is it worth for the persons already retired and getting eps pension?
Kindly clarify..
Last 5 yrs super point.. U r correct
Very useful information
It will be helpful for taking
Decision
Thank you sir
Super clear video nice. How much year give in pension for sons age???
My first job in 2016 and had Basic Wage > 15k but employer deducted EPS
In second job, employer is not contributing to EPS. How to get the first employer EPS contribution money to EPF ?
Informative Video sir, please give details on how immediate annuity plans and RBI bonds work for providing pension.
Sure. I will lost next week
@@nivasexcites Sir RBI Bond பத்தி ஒரு தகவல் சொல்லுங்க
Thanks for information. I need to withdraw my EPS or convert EPS into pension... what is the proceedure... please advise.
Good insights... keep going with your efforts
Thank you Nadeem
மிக நன்றாக விளக்கும் உங்களின் வீடியோ
ஏன் அதன் குரல் கம்மியாக உள்ளது.
Please check ?
நன்றி சார்.
Very nice explanation
Thanks for the information
நல்லதொரு தகவல் நன்றிகள் பல
Welcome sir
One point clearly understand for myself as don't choose the new one. keep on continue the existing.
Thats Good.
Don't jump to conclusions... You have to decide a lot of things before deciding...
I'm also not recommending the new enhanced pension scheme.. But some proved me that the new scheme is beneficial for them..
You decide on individual merits... Good Luck..
Thanks bro...the video is clear and helpful.
Welcome bro
Nice clarity... Good Information. Thank you
Thank you
Really a very good explanation, thanks sir
Thank you
sir, can you help me in understanding, when EPFO will not be credited to my UAN account? my employer says, they paid PF but in my PF passbook , it says No Cont. for Due-Month 022023 for both jan and feb 2023.
Please please please clarify
Thank you❤🌹🙏
Just 8.33% is going for pension rest amount we will get Retirement corp fund we will get employe contribution +employer contribution +8.1% +graduates by this amont also we can decide RBI bond etc....
The present issue is about para 13(3) of EPS 95 Act. Not about the formula or about the future pension. The issue is about the declaration option as well as pensionable salary ceiling rule. The employees who were members of EPFO prior to 15.11.1995 contributed PF subscriptions (12%)on ACTUAL salary, which was equally shared by the employers(12%) and totally(24%) remitted by the employer to EPFO, The same process was continued from 15.11.1995 too i.e., the subscription of 24% had been remitted to EPFO which was accepted and received, as received prior to 15.11.1995. (The process of PF contribution made after 15.11.1995 was only the continuity of previous system followed by EPFO after amandment of EPS Pension95 scheme).The only difference is that 8.3% out of 12% of employers contribution had been credited in the new EPS 95 Pension account which no one had objected (neither the subscribers nor the EPFO). This is the present burning issue. It is very sad that less pension being paid arbitrarily considering the ceiling salary.
Actual terms konja kastama iruku understand pannika...itha simple ah tamizh laye sollirkalame
Great
Sir your statement may be good for hearing but when retired employees approached there answere is like this no circular has been received from govt or sup court for who have. Retired before 2014 sep every day seeing pension news through u tube is bogus only why you I tube people giving wrong information and cheeting old retd pensioners yethanai kalam than yemmatriveenga endha natile. Whatmgr told is correct for ever that ever green hero told is an prophecy wardis 100 percent correct
எந்த வித calculation இல்லாமல் higher pension not good என்று சொல்வது not good. யாராவது mutual ஃபண்டில் போட்ட முதலீட்டுககு உத்தரவாதம் தருகிறார்கள். ஒரு 35வருடம் சர்வீஸ் போட்டவர்க்கு ஒரு calculation போட்டு எவ்வளவு return வருகிறது என்று பாருங்கள். எத்தனை பேருக்கு rbi bonds தெரிகிறது என்று comments பகுதியில் பார்த்தாலே தெரிகிறது. Mutual fund என்றால் கிலோ என்ன விலை என்று கேட்பவர்கள் தான் நம் நாட்டில் அதிகம். எந்த வித எண் கணக்கு இல்லாமல் கூறும் இந்த மாதிரி வீடியோக்களை நம்ப வேண்டாம் என்பது என் தாழ்மையான கணக்கு. உச்ச நீதி மன்றத்தில் இந்த தீர்ப்பை 30வருடங்கள் போராடி பெற்றது. இது நடுத்தர வர்க்க மக்களுக்கு உண்டானது. Financi wizards வேறு பாதையில் போகலாம்.
The author is perfectly correct. Corpus should be on your control.Not in MFs or shared.
Only video I believed in 2.5 years.See my comments in other placed.
Ecdggb
Please see the comment I posted for another comment..
Don't jump to conclusions... You have to decide a lot of things before deciding...
I'm also not recommending the new enhanced pension scheme.. But some proved me that the new scheme is beneficial for them..
You decide on individual merits... Good Luck..
Pl understand you have paid your contribution say 12L from joining date till retirement as per 8.33% as asked now. Your pension is increased to 30000 let's say. After three months let's say EPFO says to pay higher pension we don't have fund hence we are revert back to old pension.
Now you think you have paid so many lakhs with 9.6% interest. What's your position now think
Thanks sir
Sir, I was retired from Textile Mills and retired in the year 2003. Now I was given monthly only Rs. 853/- But I what can do for enhanced pension.
Till date nobody can for help me in this regard.
Ega appa 2013 retrement panirukaga avuga ipa vaagura amount 1900 enimel vaagurathu 7500 na avugaluku arriyer amount ethum kodupagala sir
Super explain sir thank you
Welcome sir
மிக தெளிவாக இருந்தது உங்கள் உரை . மிக்க நன்றிங்க அய்யா. வாழ்க வளமுடன்.
Thank you for your appreciation
நாளைக்கே உங்களுக்கு 60,000 பென்சன் - granted ----- ok
Thank you Sir very clear explanation.
Thank you
Good One!
Informative with clarity 👌
Thank you
Great sir. Thank you for the detailed explanation
You are correct
Dear Sir, I was retired from textile mill. Now I am availing Rs.853/- only.
Kindly let me know the formalities to get enhanced pension. I shall be very grateful to you in this regard.
Sir father retired in 2012 opted higher pension got the he died mother got half of the pension is there the to after case reduced by half .there is any option for increase
Sir one more query incase due to private jobs not stable ..
I dint work after 52 not worked then how it will be calculated?
Sir do you know what is NPS pension the get currently 14 years service the just 2000 only pension for month
For Calculaton of pension they will take Eligible years or actual working years +:2 years applicable or what???
Sir, what is the outcome of persons retired in 2007 before?
At least three thousand rupees kodukka mudiyala but sixty thousand koduppangala sir neeha vangunga sir we are happy
Sir Vanakkam Please reply sir
My Ear Hearing Power reduced. So I ask sir
Sir, thanks for the explanation. Retired people who opt for higher pension have to repay the employers contribution to EPF. But what about the arrears i.e. the difference amount of new higher pension and old pension what the retired have been getting. Please clarify. Tks
Thank you sir, nice 👌
Welcome
jobla irukumbodhe wrong account nu potu eduthidanum ena memo transfer inc cut
Thanks for the video. These compared figures ₹7500 or ₹60000 value is annual pension right. Looks Good. There are few places where the explanation could have been more clear, but I appreciate your effort on taking time to post about it.
Thavarana Pathivu
Children cannot receive pension
It is only monthly pension he told. He talked about persons drawing one lakh and more salary per month. இவர் corporate company ஓனர் போல...
No.monthly pensionable amount 60k
@@pbsmaniam06 Sir then u pls explain the correct one
Retired in August 2015. I am getting Rs 2645/= as pf pension. My average salary in the last five years of retirement is Rs 30000/=. Is it advisable to go for higher pension. I don't know how much to pay for full salary contribution. Can you elaborate for retired employees
Bro Epf new member id registration (MONTHLY WAGES AS ON JOINING), what is the amt bro
Let us take a scenario retirement by 2023 i.e the age of 50 will it be the last 5 years of basic + DA will be from 2018 or it will be from the pension able year 2026 sice 2031 will reach the age 58 to avail EPS
Thanks bro...
Very simple and good explanation
Thank you
Tq bro gud explain
Welcome
Congratulations.
Best analysis.
Thank you
Good information. Thankyou sir
Welcome
Retired people (after 2014) how much pension will get as per New policy
Pension dispense calculation will differ member who were joined before 2014
60 months average will not considered for the members who were joined before 2014
How to apply for it. The retired pensioner doesn't have UAN number
Good 👌
தங்கள் கருத்து மிகவும் நன்றாக உள்ளது ஓய்வுபெற்ற பின்னர் மிக குறைந்த பென்ஷன் 817 தான் வருகிறது அதில் மாற்றம் செய்யப்பட்டது உள்தா? தெரியப்படுத்தவும்
மோடி அரசு வீழ்ந்தால்
விடிவு பிறக்கும்.....
Hi sir after 3rd March,am not able to find that link to apply for pension holder who is having only PPO number..How i can get that link sir.. kindly help me,since my Appa have oly PPO number...
Nicely explained.. more clarity now.
I’m
Thank you
சகோ.. இதைதான் நான் யோசித்தேன் நன்றி
Thank you
Sir ethapathi oru calculation video poda mudiyuma
The employee who is at the verge of retirement, this EPS pension is beneficial.
In my opinion, nearly 60-70% of the employees who are above 55 and still in service will get approx 20% return for their investment (i.e Additional contribution) with EPS scheme ( As per my calculations).
Whether beneficial or not, please work out in excel sheet ascertain as to what would be your probable investment into EPS and the probable accumulated interest (i.e 8% approx) and then calculate your probable Pension (before your decide).
Risk is lesser in EPS than market funds. This is in my opinion.
You pointed out a very important point, last 5 years average will impact the pension percentage
Thank you
Yes my tax is the one paying for pension , even govt and political employees after retirement are getting high pensions why the old age pension and other department employees getting 1200 pension so the govt should cut off the pension scheme or give equally give to all
Ok. my father got only 1750 pension. He passed away .so my mom gets only minimum pension which is 1000. Is there any way I can increase this?
Thank you bro👍
Is this scheme eligible for monthly wages Rs.15000 and below?
Naan40 varudangal velai parthu oivu perra podhu employer contributions mattum yenakku 65laksham kidaidhadhu pension thogai verum 4250 mattume. Pudiya oivu udhiya thittam anre irundhirundhaal innermost arasangam 65 latchathil 50% yeppam vittuirukkum thavira vattaium arohara. Pudhiya pension yenbhadhu yemarru velai
Thank you sir for simple and crisp information. How much they will deduct from our PF corpus and transfer to this EPS account? How will we get to know about that amount? After they calculate the amount and show to us will we be able to opt out of this scheme?
You have to check with your HR sir. Based on Your past Basic and DA, the calculation will be done. Then that amount will be transferred from your PF corpus.
Yes
Very good. Kindly suggest for already retired persons.
Sir, if you want to get higher pension, you have to pay back the withdrawn PF amount
My mother worked in public sector undertaking ...retired in 2013 .... Is there any possibility
How does a crore come as a corpus? For a 1.2 lakh salary