How much pension will you get after retirement? If you have started taking pension from the age of 50, then how much pension will you get. Explain that the EPS calculator can be used by those people who started getting pension on or after April 1, 2014. Know the whole process.

Even if your pension becomes Rs 540, EPFO ​​gives you a pension of Rs 1000

After entering all the data, your monthly pension will be displayed on the calculator. According to EPFO, from September 1, 2014, a minimum pension amount of Rs 1000 is given to the pensioner, that is, if your pension becomes Rs 540, then EPFO ​​will give you a pension of Rs 1000.

understand by example

Let us understand the whole process with an example. The date of birth of a member is 2 October 1964 and he started service on 27 November 1995 and he retires on 21 January 2022 with a pensionable salary of Rs 15,000. If the number of NCP days is zero. If his pension is to start from January 21, 2022, then after filling all these information in the calculator, it will be seen that he will get a monthly Pantoin of Rs 3327.

Pension starts after 50 years

According to EPFO, after 50 years, the pension starts. But if you take the pension before the age of 58, then the EPFO ​​​​deducts at the rate of 4 percent annually. That is, the number of years before the pension is taken from 58, the amount will be reduced at the rate of 4% for that number of years.

Know what is the process of checking pension

1. On the website, you have to enter the date of birth of the pensioner. The EPF member should have completed 58 years of age as on 1st April 2011 i.e. before using this calculator the date of birth should be on or after 1st April 1953.

2. After entering the date of birth, you have to enter the details of joining and service exit i.e. date of retirement in the calculator. According to EPFO ​​rules, the joining date of the service should be on or after November 16, 1995.

3. After this you have to enter the number of NCP Day. NCP i.e. non-contributory period, it means that you did not get income in those days or the EPF contribution of the member has not been paid by the company. You can also understand this in such a way that the day you are on leave is called your non-contributory period. There are two types of NCP. In NCP-1, you have to enter NCP Days up to 31st August 2014. On the other hand, NCP days after 31 August 2014 will be recorded in NCP-2.

4. According to the EPFO, if a member has worked in more than one place, then he can add all those periods. Understand this in such a way that if you worked in one company for two years and then worked in another company for three years, then according to EPFO, you can enter the work done in both the companies during the service period.

5. After this you will see the date of commencement of pension in the system. Enter the date when you received the first pension there.

6. After this you will see the pensionable salary written. Here you enter your salary. If your pension is started on or before 31st August 2014, then the pensionable salary will be the average income of the last 12 months and if the pension has started after this date then the average income of 60 months.

7. According to the new rules of EPFO, the maximum limit of pensionable income was Rs.6500 till August 31, 2014, which was increased to Rs.15 thousand for a later date i.e. 15 thousand till September 1, 2014 to use this calculator. Up to Rs. and maximum income as on 31st August 2014 should be Rs.6500.

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Through which you can easily calculate your pension amount. How much pension will you get after retirement? If you have started taking pension from the age of 50, then how much pension will you get. Explain that the EPS calculator can be used by those people who started getting pension on or after April 1, 2014. Know the whole process. 

Know the whole process in these easy steps

1. On the website you have to enter the date of birth of the pensioner. The EPF member should have completed 58 years of age as on 1st April 2011 i.e. before using this calculator the date of birth should be on or after 1st April 1953.

2. After entering the date of birth, you have to enter the details of joining and service exit i.e. date of retirement in the calculator. According to EPFO ​​rules, the joining date of the service should be on or after November 16, 1995.

3. After this you have to enter the number of NCP Day. NCP i.e. non-contributory period, it means that you did not get income in those days or the EPF contribution of the member has not been paid by the company. You can also understand this in such a way that the day you are on leave is called your non-contributory period. There are two types of NCP. In NCP-1, you have to enter NCP Days up to 31st August 2014. On the other hand, NCP days after 31 August 2014 will be recorded in NCP-2.

4. According to the EPFO, if a member has worked in more than one place, then he can add all those periods. Understand this in such a way that if you worked in one company for two years and then worked in another company for three years, then according to EPFO, you can enter the work done in both the companies during the service period. 

5. After this you will see the date of commencement of pension in the system. Enter the date when you received the first pension there. 

6. After this you will see the pensionable salary written. Here you enter your salary. If your pension is started on or before 31st August 2014, then the pensionable salary will be the average income of the last 12 months and if the pension has started after this date then the average income of 60 months. 

7. According to the new rules of EPFO, the maximum limit of pensionable income was Rs.6500 till August 31, 2014, which was increased to Rs.15 thousand for a later date i.e. 15 thousand till September 1, 2014 to use this calculator. Up to Rs. And the maximum income should be Rs.6500 as on 31st August 2014.

After this you will see the details of pension 

After entering all the data, your monthly pension will be displayed on the calculator. According to EPFO, from September 1, 2014, a minimum pension amount of Rs 1 thousand is given to the pensioner, that is, if your pension becomes Rs 540, then EPFO ​​will give you a pension of Rs 1000.

What if you are under 58 years old?

According to EPFO, after 50 years pension starts getting. But if you take pension before 58 years, then EPFO ​​deducts at the rate of 4 percent annually. That is, the number of years before the pension is taken from 58, the amount will be reduced at the rate of 4% for that number of years. 

see an example 

You can understand the whole process with an example. A member’s date of birth is 2 October 1964 and he started service on 27 November 1995 and he retires on 21 January 2022 with a pensionable salary of Rs 15,000. If the number of NCP days is zero. If his pension is to start from January 21, 2022, then after filling all these information in the calculator, it will be seen that he will get a monthly pension of Rs 3327.

The post EPF Pension calculator has arrived, know the complete calculation of pension with these easy steps first appeared on Rightsofemployees.com.

After the two-day CBT meeting that concluded on Saturday, Labor Minister, Bhupendra Yadav introduced the calculator, for calculation of PF account holders, EPF pension holders and EDLI insurance, same as for “Face Authentication” facility for old age pensioners. Under this, the facility of submission of Digital Life Certificate through mobile application has been provided from home. Let us know in detail about these EPFO ​​Good News.

EPF Pension Calculator

Labor Minister Shri Bhupendra Yadav launched Pension Calculator, which provides online facility to the pensioner and family members to calculate pension linked benefits, through this calculator it can be predicted, retirement How much pension will I get after that? And those who are pensioners of EPFO ​​will also be able to calculate their pension (EPF Pension Calculation) through Pension Calculator. for which they are eligible.

This pension calculator will be available on the website of EPFO, which will be accessible by everyone. In future, through this calculator, family pension, old age pension calculation etc. will also be added.

EPFO Good News: EDLI Calculator launched.

After the conclusion of the meeting, Labor Minister Shri Bhupendra Yadav launched the EDLI Calculator, which provides online facility to PF members to calculate the death linked insurance benefit, which can be obtained from the family members of the EDLI insured. You will be able to know how much amount will be received under the insurance. for which he deserves.

Also, the employees will be able to estimate according to the present situation, how much insurance amount they will leave for their family due to any accident. Through both these calculators, there will be transparency in PF account holders and pensioners.

Now the life certificate will be submitted sitting at home (Digital Life Certificate)
Shri Bhupendra Yadav also started the facility of Face Authentication Technology with the help of UIDAI Portal for Digital Life Certificate (Jeevan Pramaan Patra) to help those pensioners who have lost their bio-metrics due to old age. (Fingerprint and Iris) face difficulties in obtaining.

This will benefit such old pensioners who earlier used to deposit their life certificate by visiting the bank, post office or EPFO ​​office. Or those whose biometrics such as fingerprints of hands, biometrics could not be obtained from eyes, now they will also be able to submit Digital Life Certificate, sitting at home, with the facility of face authentication technology. For this, they have to download RD and Face application in their mobile.

Training will be given to 14 thousand employees.

To develop the officers and employees of EPFO ​​into a competent, responsible and future ready worker, under the training policy of EPFO. Under the training policy, 14,000 employees will be trained every year for eight days and for this 3 percent of the salary budget will be spent. Due to which trained employees will be able to run PF account holders and all the services of PF in a proper way.

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