Dear Mr Ravi & Mr Mukund Kulkarni,
As per my calculation there is little difference:-
Average Salary will be = 14900/- (15000*57+6500*3)/60 = 14900
Since 15 k pension wages is effective from Sep'14. So for calculating 60 months Average Pension Salary, 57 months (Sep'14 to May'19) Pension salary will be considered on basis of 15 k and 3 months (Jun'14 to Aug'14) Pension salary will be considered on basis of 6.5 K
No. of year = 15 Nov'95 to 31st May'19 = 24 Yrs and 6.50 months = 25 Yrs
= 25 year + 2 years Bonus = 27 years
Pension should be = 14900*27 / 70
= 5747/-
I request Mr Abbas (being expert of PF Pension calculation). He can throw more light on the matter.
Dear Mr. Mukund,
We have made calculation on basis of our experience and knowledge. Pls note whenever you will get pension, let us know the exact pension amount and share the calculation criteria as well. So that we can correct ourselves.
Thanks.