If a member dies even when not in service, holding a valid scheme certificate and not completed 58 years of age.
If unmarried, pension to nominee or to dependent parent is payable only when the member has rendered 10 years of service
Death While in Service
Member should complete atleast one month's service
If unmarried, pension to nominee or to dependent parent is payable without any other conditions
In case of died member having family, pension is payable to (1)
the spouse and (2) two children below 25 years of age. When a child reaches 25 years of age, the third child below 25 yrs of age will be given pension and so on. If the child is disabled, he may get pension till his death. In any case, only 2 children will receive pension at a time.
In case of member not having family, pension is payable to single nominated person.
If not nominated and having dependend parent, pension is payable first to Father and then on father's death to Mother.
ok (go to death case entry)       TOPEarly Pension You may opt for early pension (reduced Pension), if:
Out of service
Completed atleast 10
years of Service
above 50 years of age
The pension amount will be reduced @ 3% progressively for every year short of 58 years of age. Eg. If a person of 56 years age opt for reduced pension, and his calculated pension amount is Rs. 1000/-, his reduced pension will be 1000   X   (0.97)2 = Rs.941/-
ok (go to pen.before 58Yrs)Commutation
(not available now)
ok (go to commutation)       TOP2. Capital Return
(not available now)
ok (go to captial return)       TOPWages as on 15.11.1995
For pension calculation, wages on 15.11.1995 is categorised as two slabs, viz., below 2500 or above. Pension will be calculated considering which slab you belong to
ok (go to Wage 15.11.95)       TOPPensionable Salary
The service and Pensionable salary are most important factors determining your pension amount. Pensionable salary is the average of last 12 months salary of which Employer has contributed to EPS @8.33%. Again salary may be different from the salary you draw. As per EPF Scheme, the highest salary for which employer has to remit contributions to EPF is 6500/-. That is, employer has to remit 8.33% of actual salary or of Rs. 6500/- whichever is minimum. That is, evenif your salary is 20,000 per month, your employer need to contribute to EPF as if your salary is 6500/-. If there is a disproportionate increase/change in the salary drawn during last year (so as to increase the Pension), the computer will identify it, and appropriate action will be taken by the office against the Employer/Employee responsible.
ok (go to Pensionable salary)       TOP