Excellent...Only One person found it from crores persons in whole India..I had subscribed the right channel!

@prashantmandrekar6130

Жыл бұрын

Labour Law Advisor posted the same concern 2 years ago.... They were probably the first to point out the real calculation..... With all due respect to this gentleman..... Labour Law Advisor is superior in terms of information being put out to public

VERY NICE ANNALYASIS THX

If no amendment exists, what you said of 40 years of service to be taken for calculating is absolutely correct and logical. One need to seek clarification from RPFC, Central, New Delhi. Appreciate your in depth study.

Bahut hi Mehnat wala Video.👍

Thank you for making video and talking on the topic of maximum serviceable service in EPS95 as there is no proper you tube video on this. I I want to add the following: The minimum legal age for working in India is 18 years Under the Child Labour (Prohibition and Regulation) Amendment Bill, 2012. And the pension start age is 58 years, so the maximum possible service will be 40 years (58-18=40). So as per this logic maximum pensionable service should be 40 years may be true.

@EveryPaisaMatters

Жыл бұрын

Very good and logical explanation sir!! And the question about 35 years being maximum is wrong!

@joskalpur

Жыл бұрын

@@EveryPaisaMatters But here, for every completed 20 years of service, you have to add one year as Bonus, so, two bonus years are added as Pensionable service. So 40 plus 2 = 42 years should be considered for considering pension, but they take only 40 years in thie given case.

@kavitharupula8020

Жыл бұрын

@@EveryPaisaMatters sir ,even my opinion is same that since for most of posts the employment eligibility age 18 years, the max pensionable service should be 40 years, but I have doubt that if minimum service for gratuity is 5 years there must be same condition that for eligibility for pension is min 5 years , i.e may be pensionable service starts only after 5 years hence they restricted to 35 years. just an assumption

Thanks for deatail explanation

Thank you sir for making this video.

Vvv good,information.

EPS 95, EPFO Retirement age 58 yr. Maine 88 me join kiya 2022 me retire hua 34 yr kaam kiya, but eofo 95-2020 yani 25 saal service. Kul milaker jhol hi jhol hai.

Excellent information

There is gross misunderstanding on current pension calculation methodology. It is alluded publicly that EPFO is paying pension based on last 60 months average salary even at ceiling level, in which case pension would work out to 7500 pm for recent retirees. But as a recent retiree, pension paid is measly 4000 pm, and calculation methodology revealed in RTI revealed that average salary at ceiling level over ENTIRE PENSIONABLE SERVICE PERIOD is used citing clause 12 of EPS 95.

@sarsawasugarmill4579

Жыл бұрын

last 60 months average salary --- YE SABSE BADA DHOKHA HAI EPFO KA- CALCULATION IS BASED ON WHOLE SERVICE PERIOD..

Salute to your efforts 🙏

Minimum Pension Mai Na Service ka year Na hi Salary pensiable Amount Minimum Pension Mehganhi ke Dour Mai 7500/ Rupees +DA +Medical Subhidha milna chahiye Jinki age 60 years ho chuki hai kyonki Mehganhi din prati din Teji se badh rhi hai ji

Thanks 🙏🙏

Great job 👏 👍

Sir hope please you do the need full thanks🙏

Thankyou 🙏

Good work sir, Do it continuously

Very nice information

Thanks for providing guidance on higher pension option continuously, we can imagine how much persistent efforts you are doing, again thanks sir. My question is: if a person resigns from service before reaching 58 yrs but completed 20 years service, is he eligible for 2 years additional service counted in pensionable service for pension calculation. May pl clear sir.

Sir jo is yr retire hua hai kya wo higher pension ke liye elegible hai?? Wo eps member 2014 se pehle se h unko 4000 pension aa rhi epf se.

When we are talking about the last 60 months average then why the department is not considering the Rs.15000/.

Dear Amitji, I watched both videos of yours of EPS/EPF. What is the ratio of Monthly Pension Amount & Total EPS Corpus? And What happens to EPS Corpus ultimately once the retired employee & nominee dies, etc.? And what is the benefit vis-a-vis not opting for EPS at all & investing that amount ourselves? If there is a video, share a link. Else help us with an additional video.

Excellent analysis 👍

Very nice

Yes

Thanks for ur efforts reg EPS....i have one question if any employee get CRS(compulsary retirement from service) at the age of 50/55..... he will get EPS at the time of CRS on not??

Nice 👍

Sir the Rs 15000 limit has been removed by Hon. Supreme court. Hence the pension will be much more than you have shown.

@vivekkumar-pg6ee

7 ай бұрын

Are u sure? I also thought that if it is capped at 7500 pension amount will be a meagre amount. However if there is no cap like in case of my father the average for the last 5 years was 57000 and accordingly pension will be at least 18000.

Sir jiska basic abhi 2023 me 1 lakhs + da 50000+ he or service he 35 yrs + to service man ko approx kitna pension milega sir please reply me

What i understood from the fotmula is that one need 35 years of service to get the max 7500 salery becoz 35/70=0.5 and 0.5×15000=7500 And also the person must contribute to the scheme at 15000 base prise for at least 5 years ie it is any person retired after 2019 june only can get the max pension. But here is the catch even then retires are not getting the max becoz epfo calculating the service of the employees from the date of the launch of the scheme ie 1995 may so any person who is already working prior to that will loose service years before that date. They may get their full service in calculating Gratuity and other benefits, but it is not applicable for pension calculations. So any person can avail max amount only if he retired after 2030 that too if he joined the sceme on 1995 . And for others who joind after 1995 thay only get max amount when they actually completed the service of 35 years. But to my knowledge if the scheme is not reviewd any additional year of service aftet the 35th year is wasted atleast in the calculations of pension. 😊 Correct me if iam wrong

Sir, Request to post further videos wrt Revised pension calculation, why PF authorities are silent to release Notification in this regard, which is the Need for the Hour.

SIR WE WILL BE PAY FOR EPF 95 PENSION BUT HAMAARE ARRIERS KUB AUR KITHNAA MILEGI KYA HUM KO MILEGI YAA NAHI MILEGI SIR

Maximun pensionable salary ke baare me clarify kijiye.

Sir pension calculation me, last 5 yrs ri salary count krte h, phr is video me 1995 se ku count hua, directly last 60 months ki salary ni lete kya????

Why v r not asking when epfo introduced exel sheet for recovering due amount in exceeded basic from 1995 a new sheet which will show the monthly pension amount based on service history??

SirG Now, the higher wages pension application option already been closed by EPFO on EPFO portal. HIGHER pension scheme offer ka link vapas khulega kya

Thank you sir for your valuable and useful information. My personal case. I completed 26 years of service and resigned at the age of 54 years. My basic salary was 25000/_ at the time of resignation and currently getting 2100/_ pension. Is this going to change by any chance even without applying for joint option or remains same for ever. Kindly give me the clarification.

One more point of concern: As is evident from the letter, of Centre of Indian Trade Union, EPFO will not pay interest on the differential amount of minimum pension and higher pension from the date of turning 58 till date. The arrears that we have to pay to EPFO with interest therefore should first be calculated with interest till the date of our turning 58. Thereafter, interest payable by us should be on the differential amount of the arrears due from us and arrears due to EPFO. As it is not fair that EPFO charges interest from us on the arrears due from them on which they are not paying interest to us.

@EveryPaisaMatters

Жыл бұрын

Can you share the link for that letter or email me at contact_epm@icloud.com

@smitagupta2340

Жыл бұрын

​@@EveryPaisaMatterssure

@neelatrivedi5777

Жыл бұрын

Also, v will have to pay interest till the time we pay the due amount. The current delay is due to the continuous extension of dates. Why should we suffer for that? More the delay, more the interest

What about period of service before ie past service of FPF

Respected sir, I am an employee of hutti gold mines and attained the age of 58 years on 1-08-2021 and drawing a monthly pension of Rs. 4155/-. As per Hon'ble Supreme Court order dated 4-11-2022 I have applied through online for higher pension on 25-4-2023. But, my employer rejected and also rejected by pf regional office. And also I have given the salary details to my employer from 16-11-1995. Proper justification is not given by the employer and stating that, the pf regional office is asking to produce the higher pension option rejected by the pf office in 2014 or deducted details of eps amount on actual wages. Hence, I am in confusion, next what to do for higher pension. Please clarify sir....

Door ke dol suhane na 35 yer kon kam krta hy praiwet nokri min 10 sal hi mushkil hote hin

🎉 form jiski last date 11 july h epfo ki website pr kin logo ko bharna h mere papa ji 2014 se pehle retire hai last salary unki 35 thousand thi .... ab unko 2409 rs milte hai kya unko form bharna hoga if na bhare to jo pension badegi vo ni milego ya jo pesa milega vo koi please btaye

सुनते सुनते युग बीत गये किन्तु अब विश्वास नहीं है।

I joined service after BTech at 21 yrs of age in 1978 and retired in 2015 attaining 58 yrs. Served 37 yrs in 5 cos with out break. It seems in early days DOB used to be post poned by parent and that is why 40 yrs service was noticed by you in the HandBook. Later on discipline started prevailing at the time of admission in class one @ 6 yrs and actual service yrs got reduced to 35 after adding 2 yrs grace period. Further, one can not join immediately EPFO after joining a co as it is done after probation period which varies from co to co . If I am correct, with out pay period is also not included. It thus reduces effective period of service and 35 yrs is taken as maximum service duration which seems alright. I have opted for Higher EPS and service duration is 27 yrs. I had served a co for 4 yrs having exemption of EPS and thus withdrew FPS contribution made to first employer for 6 yrs. My total service of 27 yrs is counted for EPS purpose. Trust, you can elaborate. Thanks for educating us.

I am still working and applied for higher pension, I have been in service since 1987 April and having eps membership since 1995 and planned to continue in service till2028 and continue to be member of epf. Pl calculate NY pensionable service including family pension amount accumulated from 1987 to 1995. kindly let me know the

EPFO cleverly adds 2 years (weightage years for service more than 20 years) in the 6500/- slab and not in the 15000 slab. So pension is lesser

@EveryPaisaMatters

Жыл бұрын

That was shocking for me as well!!

@tanmoykhan007

Жыл бұрын

But pensionable salary should be last 12 months average rather whole life's average...

@sandeshchuri8567

Жыл бұрын

Need to educate people about adding 2 years before 2014 service period.....but why is it calculated at that period...is it mentioned...or we are misguided...can this be challenged?

Do you have English version?

In this situation what is calculation of Higher Pension

Please Provide Details of Calculation for EPS:--1995 before 16/11/1995 because you have not provided in your vedeo.

They taking 21 days ina month not 30 days but the emmployer giving salary for 30days it includes sundays & govt holidays the PF contribution remittance 30days salary amount .so instaed of 21 days theymust consider 30days for calculation PF pension TQ

My application shows Approved by employer and it is in ""Pending in EPFO Regional Office - GJ - VADODARA"". Is there a way to cancel or withdraw the application? After seeing the modified computation from EPFO this Higher pension scheme seems like a scam to loot innocent ppl. Please let me know how to withdraw.

From which month it will start,

Due to a mistake in the higher pension application, I deleted it and made a new application, but if there is still a mistake, can I delete it and make a new application? Reques you chack epfo circulars and guide your you tube chanel.

Jab Modi ji har jagh one nation one card, one nation one dress to one nation one pension kyon nhi.Anay state kya apne pass se Old pension lagu kar rahe hai. Sabse jayad dikkat UP Ko kyon hai. So, old pension ki mang honi chahiye.

Hi sir I joined job in 1998 and my dob in 1978 I will be retire in 2036 my service almost will be 38 years and 2 addon years Is my pension calculation will be on 40? years service

See I joined in service in the year 11/4/1977 And the penssionable is 12 years Retired in year Dec 2007 What is the position of me Explain

I joined epf on 15/02/2023. My pension contribution is 0. All my money contribute in epf. Can anyone know about this ? Why there is no pension contribution .?

Sir, Main Electrolux Kelvinator se VRS/CRS se retired hua 2002 December.. Sir mere ku Rs.804/=PM pension mil raha hai 14 years se. Sir mere ku kitna pension milega. Kya aap Google Baba se pochkar batayeingey. Please jawab dijiye.

Why days of additional two years due to service of 20 years has been added in the days of limit Rs.6500/- in calculation you shown. It will make difference,if will be added in days of limit Rs.15000/-.

@EveryPaisaMatters

Жыл бұрын

No, its being added to 6500 as per official calculation!!!

My total years is 34+2=36 my pensionable salary is 13267

If last 5 years average is taken for getting pensionable salary, then why going back before 2014, and using 6500 in calculating average. And if person retired after 35 yrs of service in 2030, why his pension is coming 5000 and not 7500 ?

Sir but no of days between 16-11-1995 to 31-08-2014 is 6864.How 6856 is in your excel?.In pf calculator also it is coming 6856.How?

Something that should be easily calculable has been so much mystified by EPFO since so many years. LIC and EPFO need to be straightened out.

Sir i retired in Jan 2019 and My joing date is march 1984 My service is 34 Years But I am getting Rs 2598

Sir I have a doubt. We can be eps members till 58yrs of age. But in my company retirement age is 60yrs. Will I get salary and pension both for last 2 years if I don’t defer the pension for 2 years?

@nitinprane

Жыл бұрын

Yes

Sir I have given consent for higher pension and my employer also approved it. Now will epfo ask my consent before diversing money from my pf account to eps(i have adequate balance in my pf account).

@user-pf1ln5yo7p

10 ай бұрын

I have sane query,,,,,...........My application shows Approved by employer and it is in ""Pending in EPFO Regional Office - GJ - VADODARA"". Is there a way to cancel or withdraw the application? After seeing the modified computation from EPFO this Higher pension scheme seems like a scam to loot innocent ppl. Please let me know how to withdraw.

33 years ka full service gina jata hai usame two year add ho jata hai

Hi I am Prashanta from odisha join in a PSU at the age of 19 in 1995 my retirement year is 2035 so I have to contribute till 2033 that means 38 years of Contribution to EPS 95 so what will be the impact on my pension

Sir, Maine higher pension ke liye apply Kiya hu.. but avi bahut confusion create ho Raha hai.. .. kindly suggest ki application delete kardu ya rahne duu😢😮😮

@EveryPaisaMatters

Жыл бұрын

I don't know your financial conditions, so I can't take a decision. Remember there is never a righrt or wrong decision - There is just a feel Good decision.

Also Sir I really want to clear some of my doubts in detail. How can I talk to you as it is not possible to post all queries in that much detail.

@EveryPaisaMatters

Жыл бұрын

Check on everypaisamatters.com

Commander first demand was 7500 * DA and Medical ok and arrears this sanction please and clsr the is chapter .ok this my suggestion please

How to get early pension

So higher pension will also be calculated on number of days?

@EveryPaisaMatters

Жыл бұрын

No doubt, It will be....

@AbinashPatnaik

Жыл бұрын

@@EveryPaisaMatters thanks for your video. how will number of days matter if pensionable salary in case of higher pension is restricted to average of last 60 months of basic + da

I have also not seen maximum years of service at 35 years anywhere. But, i feel, it is a hypothetical figure taken just to illustrate and make it easily understandable, because the only static figure out of the three components in formula, is "70". As "Pensionable Salary" is different from person to person, the only figure that can be manoevered is "35", which can easily divide 70 completely without any fractions in result, that's why it must have been taken as 35 in example. Moreover, it gives you a lucrative figure also of Rs 7500/-, with a capping on contribution.

@EveryPaisaMatters

Жыл бұрын

And no one has asked this or challenged it - Till now

@anilsaluja973

Жыл бұрын

@@EveryPaisaMatters I really appreciate your very quick response.

@anjanasijaria8252

Жыл бұрын

Hello sir how can I check that my epf higher pension form submitted or not

@anilsaluja973

11 ай бұрын

​@@anjanasijaria8252Although too late to respond, yet you can see the status of your application on EPFO's website.

I am not undestand why divided by 70 please divided amont 58 because members retire 58

@EveryPaisaMatters

Жыл бұрын

Because average life span is assumed as 70 years.

Why calculation is done on number of days beyound 60 months

Minimum pension बढनेका क्या संभव है? Higher pension refuse किया तो बढाहुआ minimum pension मिलेगा क्या?

35 saal kaam karne k baad itna tax bharne k baad . Jo 5k ki bheekh mil rahi hai vo mein PM ji ko unke ghar ki construction k liye daan mein deta hun.

न्यूनतम पेंशन में वृद्धि होगी या नहीं यह खबर क्या है सर जी धन्यवाद। चुनाव तक चलेंगे बाद में सब कुछ समाप्त हो जाएगा।

Till 2014 is in proportion

They calculate from 1997

No one has clear idea only guess based statements.

Sir employer portal mai daalne ke liyae excel kaisay banayae us par video banao aur text mai convert karke upload kaisay karna hai

So only asking Minimumpensionnrupees 7500 * DA .Medical facilities and Arrears ok 0 + DA * arrears * medicajlbenafit. Ok sanction please.

Can you also explain about the basis of 70 in the denominator? Why it should be 70 only, because to deceive the poor pensioners!!!

Bade sharam ki baat hai... mai Har mahine 2lacks tax deta hu par PF pention hai 2124 after 10 years of service

Sir mere father ka higher pension ka form fill nahi ho raha hai. Please support sir.

@RANDHIR_KUMAR-

Жыл бұрын

ERR_SQE12: Establishment not available for member id. Last me message aata hai

When pensioner is die and his/her wife or husband also die and his/her children are above 25yrs old.No one can get anything.Then the credited amount of pensioner is refunded back to his/her nominee which was nominated by pensioner ?

Sir, Mera total 32 days non contributery days calculate kiya last year me but epfo deducted Rs 1250 every month. Then why they less 32 days from my total days? Is it right?

Koi1988se2012kam kiya 24sal Aab chacha 58 hua2023 me Pension kiya hoga?

are yaar epf95 waloun ko khud malum nahin yaar ah log cheat kartehien yaar pl mr panday ji aap kuch kijiya yaar hum ko nuksaan se bachao

What ever you are getting take ok every.body you give same minimum pension benefit.

Y don't you join in EPFO

Pis stop. Forget about formula and parameter etc. This is based on some other idea. Do not make any confusion. Let it be as per decision of NAC and other agitation committee

यु टूब सब झूट है. खरीमाहीती दया. खौटी बातमी

पेन्शन कब मिलेगी?

EPS count 26 days in a month.

Sir ji, request hai ki...eps 95 kaa koi member kisi bhi kaaran sey ager online form nahi bharataa hai to uska hisab kitab kya hoga...use kitani pention milegi? Aur yadi online aavedan form bhar letaa hai to use kya fayedaa/ nukasaan hoga? Aur jo different aayega uska ARREAR milegaa bhi yaa nahi? Agar milega to kis saal sey kis saal tk kaa milegaa? Please is per prakash daaley.. thankyou 10:35

इ पी एस 95 में 12 महीने को बदल कर 60 महीने का करने का क्या मतलब ये हमारा सारा पैसा हड़प करना चाहते हैं लेकिन हम लोग हमारे राउत साहब के अनुसार ही चाहिए