Pension calculation
shailesh pandey
(Querist) 23 August 2014
This query is : Resolved
Dear Sirs,
Kindly help to know for Pension Calculation.Pensionable salary x pensionable years / 70 . This is the formula.At present average 2 years salary & amt. @ 541/-is being taken for its calculation.In future when 15000/- will be limit.what will be formula.
if at age of 50 years 1/3 of what amount if we start our pension. what will be the amount till 58 years & after 58 years as full .Kindly give me calculation.
regards
shailesh pandey
Kumar Doab
(Expert) 23 August 2014
You have initiated many threads.
It has been suggested that you being with a corporate company should retain the services of a Labor Consultant/Law firm handling such matters and a corporate can afford the fee too.
Otherwise also this info should be available at EPFO website..................or the PRO/AFPC in nearest PF office can update you.
V R SHROFF
(Expert) 23 August 2014
I support views of expert Kumar Doab.