Don't forget to get this certificate for PF Pension
Don't forget to get this certificate for PF Pension by Techi Yogiz on 07:15 0 Comment Although many subscribers of the Employees' Provident Fund Organisation (EPFO) are not aware of this but they could be eligible for pension at the time of retirement but for that you need to get a Scheme Certificate at the right time. Under the Employees' Pension Scheme, there are around 3.3 lakh pensioners. Who is eligible for pension under EPF? Your employer contributes 8.33% of your basic salary and dearness allowance (DA) to employees' pension scheme (EPS), as part of EPFO contribution. There is, however, a maximum cap of ₹1,250. The amount of pension you receive is calculated by multiplying pensionable salary (average of last 60 months) with pensionable service and the dividing it by 70. The minimum pension that you get under the scheme is ₹1,000. You are eligible for pension on superannuation at the age of 58 years. If you...