EPS से कितनी Pension मिलेगी? | Pension Calculation Formula | Employee Pension Scheme 1995
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- เผยแพร่เมื่อ 10 พ.ย. 2022
- EPS or Employee Pension Scheme was introduced in 1995 by making an amendment in Employees' Provident Fund and Miscellaneous Act. The focus of EPS Scheme is to provide monthly benefit for superannuation/retirement, disability, survivor, widow(er) and children.
The formula used for calculation of Monthly pension under EPS has been explained in this video. If your Employer contributes towards Employee Pension Scheme, you will be eligible to get the pension once you reach the retirement age.
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Category - Education
#everypaisamatters
Thanks to you.....aapka batane ka dhung avha hai....god bless you always
Thanks for informative video and without wasting time exactly you are giving the idea once again thanks
Thank you sir
Aap ne bilkul sahi sahi bataya hai..
simply wonderful explanation seen on youtube....all doubts are clear .....I will now share your channel
Very Systematically Way of approach. Very Briefly explain. This is called right approach. 🙏🙏.
very nice information has been given by you please.
Finely explained, thank you.
(Smile please!)
Please make more videos on PF withdrawal process. We face big problems regarding PF withdrawal & transfer during our job change in corporate
Dear Amitji, till date there is no format from EPFO for calculating the revised pension and amount accordingly to be paid to EPFO since I got retired in 2017 What are the formats for giving option as so far nothing has come out Please clarify whether Form 3A will be sufficient for getting joint signatures for the entire service
Dear Amit ji, Well explained. Thanks for such a useful video.
But there are still some doubts about the pension calculation, as in the case of my nephew. As per his PPO, his Pensionable Salary is Rs 14137, his Pensionable Service is 11 years 11 months 4 Days, and his Pension Amount as per his PPO is Rs 1533.
But as per your video/ calculation Pension Amount should be Rs. Rs 2407. Could you please explain why this difference??
The formula to calculate monthly pension is (pensionable salary x pensionable service)/70 is applied for employee who joined EPS 95 after 1st September 2024 and in that case pensionable salary is equal to last 60 months average salary but for any employee who joined the EPS before 1st September, the pensionable salary is calculated on pro-rata basis. This is mentioned in EPS rule just below the formula. That means for period before 1st Sept 2014 maximum pensionable is 6500 and after 1st sept 2014 the maximum pensionable salary is 15000. Due to hidden pro-rata clause in calculation of monthly pension of EPS the amount is less than the amount derived from pension formula, there are many examples of this case in our intuition. Can any one comment on the clause pro-rate basis of calculating pensionable salary for higher pension will be affected for the employee who join EPS before 1st Sept 2014.
If an employer of a person retired in 2022 has already contributed overall 12℅ (8.33 percent to EPF and 3.67 precent to EPS) can still get higher pension as corresponding higher contribution is already being done by employer in EPF. Please suggest if the employee is eligible for any additional pension.
Your straight forward information is praise worthy.
Thank you .
One example of the differential amount to be deposited for getting higher pension should have been added Sir. I have heard... amount above 1250 since beginning of service to be borne by pensioners. Is it true??
It’s depended on avg basic of last 5 years or contribution amount . If the employee has not contributed much but his basic is more then he will get as per basic .
Thanks for your reply. I got retired in 2017 getting a minimum pension But now as per SC order in my case how much I have to pay for the average salary ( Basic Pay) for 60months how much I have to repay to EPFO with interest for getting higher pension. In our company the salary is just like that that is Basic Pay + other allowances +HRA Hence I think I should take only BP for a period of 60 months as there is no DA in pay and it is other allowances. Please clarify as how much I need to pay to EPFO since my retirement
Sir, can you advise action can be taken on employer who are not able put pension claim because of their mistake. They were contributing on closed pension number. closed
Very useful, thanks
Glad it was helpful!
Sir.. I joined EPF in 2012 and at that time my Basic was below 15000 and but in 2017 my basic salary exceed at 15000. Can I now opt for this higher pension option.. please reply
Sir, Do we get dearness relief on pension time to time ?
Thanks sir
Salary amount kon si considered ki jati hai , basic salary , total salary , in hand salary , gross salary
Sir below 9.5 Year service that Pension value amount which showing in EPFO passbook that amount will be get during final settlement.
Sabhi prakar ki service kya hota hai past service, actual service, eligible service and pensionable service?
Sir, can I rejoin after my government job requirements, I get the monthly pf pension. And I want to join another government job, then my pf monthly pension will start or not?
Amit sir...if a person has completed 20 years of pensionable service and his age is 43 years and he has opted for voluntary retirement...then how his eps is calculated? Kya usko 58 years se hi pension milega ya fir usko jaldi mil sakta hai? And. And can he withdraw the eps amount along with pf at the time of retirement which is let's say 44 years of age?
sir agr mera 2001 me basic 7000 tha kyaa main pension ke liy apply kr skty hai kyaaa main basic increase krke kuch amount add krke higher pension k liy apply kr skti hu
Sir Kya 60years ke baad EPS ka total value AC mein Milega ya only pension milega ya dono milega ? Kripaya bataye.
Good video. If we opt for new scheme and contribute for 3 years then also it would calculate average salary for 5 years. Asking because we contributed 15000 only for initial 2 years
Pensionable salary will basic or CTC?
My average (60 months) pensionable salary is ₹62000 and years of pensionable service is 22+2=24. Retired on June 2017(58years). Will I get pension according to formula or pro rata basis. What is Supreme court's stand regarding this.pl reply.
Dear Sir, If some one get higher salary in earlier stage of job e.g= 100000 and unfortunately before retirement his basic salary reduced up to 50000.
In this case what will be the pensionable salary as his earlier basic was more and ending basic is less.
Same condition can be applied if some one loose job before the age of 50 with higher salary e.g=100000.and then he joint in other organizations and then his basic salary is 50000.
Then in this case what will the eps calculation .he will get 2 pensions in 2 different eps account or the pensionable salary will be merged ( but condition is his earlier basic was higher than the last 5 years basic).
I have applied for higher epf95 pension , what is the calculation as per Supreme Court judgement. Now it is found after feb24 epf is calculating on pro rata basis. Before feb24 few of my colleagues are getting pension on calculation of 60 months average salary. So give actual calculations.
I had my retirement on 31st December 2002 at that time my total salary was Rs 10500
Since 2007 i am getting my pension of Rs 810 now'i cimi
Which form to be filled to get higher pension ? Please provide
ppf exit date dete time supernnuation option diya tha
Ab ppf withdwral keise hoga sir
I have got my Retirement on ,oct.2012.my one yr avg.salary got to be 40k.What would be my pension & how much amount i have to return to EPFO,in the context.
What is basis for service period. Is it calculated from the dt.of joining ie.1970
Or 16.11.95 ie.amendment under epf95 scheme since i retired in 2002.pl clarify.My last salary drawn was 11,650/_.Tks.
11650×32÷70=?
Sir, if i am plan to early exit / retired from my job, what is the calculation for my pension in the new scheme
Accha meri ak question hain kab pension double hota Hain agar after 15 years of retirement main kya main thik samaste nahi pls explain kar dijiye
Abhi to mi akeli hii kya muze form bharna padega kya? Mere husband private co may kam karte the
Sir mai HCl company se October 2023 me retirement hu kya mujhe yeh form bharna chaiye agar bharna chaiye to kitni pension milegi or pf kya milega...
🙏amit ji, Honsc ki order per option circular epfo nahi dey hi, per viedo doo, 4 months waiting going to near. Wait
Sir I have retired on 2019
Do I get arrears from 2019 till now?
irrespective of the said formula, is the minimum pension 7500 or not
Which one best sir EPF or EPS SIR?
Whether epf pension will get with arrears?
Sir, if someone complete 19 years and 6 months and 5 days then is +2 benefit allow or not.
My company deducts money for EPS my salary is more than 60k in hand so will I get EPS or not
Sir Jo 2020 me hi retire ho chuka hai uska bhi pension badhega Supreme Court ke order ke baad Jo aaya hai
What about disability pensi on
Is there .any enhancement of EPF pension after 65 70 75years.
Higher pension aply karte wakq "NO DETAIN FOUND AGAIST UAN" bata raha hai solution batavo🙏🙏🙏
I retired on Oct.2005 and drawing my pension Rs.1303/- in future What will be my pension in future . I served from 15March 1979.
Sir ,retention amount means which amount?Can this amount is include for pension calculation?
I have worked at Mysore kirloskar harihar .This company had closed in 2000. Now iam getting 858 rupees only.my basic +Da was 6500 when company had closed.my humble request is can get more pension please inform us.
I worked with private sector from 2010-2022…can I transfer pension to my bank account?
How apply for pension
Me sevice is 10 year and age 58 year.
Apply karne ke lie on line link bhejo sir ya vedeo
namaskar sir .year 2014 se pehle retired hua he aur 20 saal kam hoga to kitna pension milenga.
20 years passed glgor my EPS ac I do not have UAN no , I can not get ac statement, what to do
Sir can you help me in calculation, my father bate of birth is 1957 joining date 1983(mnc) and he compited his 58 years in 2015, and he retired from company in 2017, he has paid EPF on his full wages, basic plus DA, in 2017 he paid 12.5% on 32000rs , due to some reason he hasn't withdrawal pf and not started pension yet, know he will, how much amount he has to transfer EPF to EPS account, to get higher pension any calculation plz reply🙏
Hi sir,
My father worked for 27 years and he is retired now. He is 67 years of age but he hasn't withdrawn any pension amount.. is it possible for him to withdraw full pension amount?
Hi amit ji muje abhi abhi naya job mila hai mai 4 saal se kaam kar raha hu and i have worked for 4 companies but the new company i am joining is asking for pf account number
And there are two questions asked 1)wether you are a member of pf act 1952 (yes or no)
2) whether earlier a member of employee pension scheme 1995 (yes / no)
Usme kya kya applicable hai muje kindly help me as reply is urgent.
Thanks in advance.
If EPS 95 contribution is 1800
Per month
From that Eps 95 contribution is 1250 per month for last five year and
Length of Service 32 year what will be the pension amount for private company employees
Hi Amit...recently Supreme court provided a ruling regarding EPFO pension relief but there is a lot of ambiguity around the topic as to which set of employees would benefit from this ruling. Could you please throw some light on whether employees who were part of EPS before 2014 and did not opt for higher contribution towards EPS then, can do so now in the 4 month window provided by the honourable Supreme court.
I have already created 2 videos on it. Please watch them on channel.
I think time has not come to reach for any decision wherein a lot of controversy is seen.
Neither it's cleared from SC nor govt is interested to abide .
So, i have a doubt against different source of predictions wherein no solid evidence is proved or surved by authority.
@@EveryPaisaMatters I calculated that for 1250 every month for 35 years at 8.5% I will generate around 32.5lakhs. pension will be max 7500 from 58 age, so I will always be in a great loss right?
Service duration alag alag company ke milakar 10 years ho to Pension ke liye eligible he ya nahi. Please send answer
@@hasmukhbaria4772 eligible hain
pls also make video on GPF vs CPF
Will try.
Dear Sir - Please be informed that just now I have attained the age of 58 years and want to get pension under EPS Scheme 1995. I have worked in a company for nearly 28 years since April1990 where by basic is consistently increasing from Rs.2000.00 to Rs.59150.00 at the time of leaving(February2018). Due to unavoidable circumstances I have worked in a smaller company for about 11 months(Aug'19 to June'20) having basic only Rs.13250.00, however other components of take home salary is more. What will be my pension? Is it mandatory to transfer PF & pension of previous company to last company for getting pension under EPS Scheme 1995(I have worked in two companies only i.e. first company for 28 years and second company for 10 months). Waiting for your reply.
Sir..
My father is no more.
And my mother is dependent..
Can she apply for higher pension form..
And how?
Total service tenure - 4 year 6 month
eps wages 15000 for every month but last eps wages 3000
What will be Eps wages for Eps pension withdrawal through 10c
Pls help to know
Last 5 years salary means basic+Da or only basic?
Does the pension stop after the age of 80 years?
Sir mere father ki epfo mein 15 years se contribution Kar rahe hai 2006 se now 2023 hai uski pension kitni lggegi
I am Central govt employee sector bsnl
Meri retirement 60 age complete hone pe hoti h to meri pension 55 to 60 k 5 sal ka average count hoga ya 53 to 58 k 5 sal ka average count kroge
Pension k liye...?
Sir I worked in private sector for more than 5 years but since March 21 I joined govt job then what should I do with my EPF money please help
Please reply
Continued ..from my earlier comment. As per your calculation, the Pension Amount comes to Rs 2405. There is a difference of Rs 872. Could you please explain the difference? Thanks.
Pension 58 year baad milna suru ho Jay toh kitne years Tak milega?
retention amount ? how we should understand
15000 × 30 years × 8% returns = 1835000
After retirement at 8% every month 12000 withdrawal up to 30 years.
After 30 years you got 14 lakh return.
So what we do?
मैं 58की उम्र में 10साल का योगदान नहीं कर पाया लेकिन PF आज़ तक कट रहा है उम्र 63 की हो गई तो क्या
पेंशन योजना का लाभ मिलेगा?
Sir mera uan number last 10 year se same hai but 10 sal ke bich 4 company change Kia hu . To mujhe pension kese milega
Dear Sir,
What is pension for death employees spouse while he is in service
Can i get Eps 95 pension and old age pension both at the same time ???
Epf vrs pension 975 rupes 50salka😢 meltaha dusar a c may20sal kamkarhaa ketana pension melaga
Sir
I understood your explanation
If a person contributes 1250 for 32 years his total contribution will be 5,10,000 @ basic of 15000 rupees / month salary
By depositing 5,10,000 amount in pension fund ....a person gets a paltry 7500 +
What happens for the amount
if pension holder dies & his nominee as died before
Will the epfo keeps the 5,10,000 amount itself
What will happen to that amount?
wiating for a response on this.
Sir m meri Umar sal hone ka hai mere BF mein 17 sal ki service hai pension nahi mil rahi hai form submit ho raha hai
Sir mai November 2021.me retired hua.meri last salary Rs.85000/-par month thi mera pension abhi 3772/-tay kiya hai meri service 24Years ki hai 1995.ke baad meri joining date 1-6-1987.hai aapki mutabi meri pension sahi hai please bataye
My retirement date is 31/12/2032 & i go to EPS 95 will it be good or bad
Mera 1995 se pension me paisa ja raha h aur July 2025 ko Mera retirement h Mera pensiable salary 15000 h almost 10 Saal se to mujhe retirement ke time kitna pension milega
Help please 🙏
Q1. If any one retired on 01 Feb 2023 so can avail the higher pension scheme and he/she not opted higher pension tick that time application form please update the procedures how he/she avail the benefits.
Q2. Currently Any more deduction from salary if we avail the benefits for higher salary .
I have been retired during 2008 my pension is₹ 1746/-only now in higher pension sceme how much pension will fix pl explain
Sir, from where is the maximum pensionable service duration of 35yrs taken from...coz I couldn't find this in the EPS 95 scheme. Are there any underlying rules that prescribe the maximum service duration? If so where can I find them? The EPFO portal only has the Act and Manual....
Read the act and manual.
Mera papa ka age hai 60 years 2 month to agar mai 60 years may 10d claim karu to 58 - 60 = jo 2 years say maina kohi pension nahi uthaia woh total 2 years ka due pension milega Yeh nahi.
❤
How to withdraw pension amount before age of 58 years pls explain
EPFO will print money to distribute pension as per SC verdict.
Kindly let me know whether I will get 2 years additional benefit in Pensionable service period if my actual period of employment was from 01 Feb 1980 to 02 Nov 2015 (at 58 Years age) with the same employer ?
CRPF se 10year service karke CRPP se discharge leya hai kitna pension milega nps thor 750000 jambhai hai nps mai
Pension ke liye 10 sal ek hi company me kab karna hota hai ya 10 sal me 20 company me bhi kam karne par pension milega
I am eligible for pension and retired in 2018 but not getting the pension still date and retired from private organisation..I need a person/Agency who can apply my pension through on line.
Mera pita ji ka omer is sal 58 hoga 2023 January
Unka 2012 sa eps ha
Magar 2014 ka pura sal nahi ha 5 mhina ha
Or kuch. Sal 2016 10 mhaini ha
Kia onko pensen mila ga
2023 tak 109 mhina ho rha ha eps contibustion
Or abhi tak come kar rha ha
Sir, my father has been retired from SAIL in 2020 and currently my father's pension amount is around ₹3000. I want to ask that is there any increase in pension amount as I have seen in today's newspaper but don't know anything about it. Plz do reply me sir...will be grateful to you 🙏
Yes, if he contribut applicable amount he got higher pension.
WHat is Retention amount
Sir i want to know.. Epfo account hai.. Unki 2020 mai ofc mai tbiyt khrb ho gai thi.. Uske baad unhe ussi waqt paralyzed ho gya tha.. Wo ab disable hai 2yr se job bhi nhi jaa pate.. So hume btya tha ki unko desiable pension mil skti hai.. Epfo se.. Please tell me aisa ho skta hai ya nhi.. Unki shadi nhi hui hai.. Or mujhe jada knowledge nhi hai unke ofc wale bhi kuch btate nhi hai sir.. Hum log bht preshan hai.. Please help me🙏