Dear Experts,
Query: One of our female employees has passed away. Her husband and two children are receiving pension.
Husband's pension amount: $2176
Each child's pension amount: $554
Please let me know on what basis the above pension amounts are derived. In the case of superannuation or retirement pension, the formula applied is: Pensionable Salary x Pensionable Service / 70. For death case pension, is there a specific formula or method of computation?
Details of the case:
- Employee's length of service: 4 years 2 months
- Basic salary: $4615
- Age: 36
Kindly provide your expert opinion on this matter.
Thank you in advance.
From India
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3Query: One of our female employees has passed away. Her husband and two children are receiving pension.
Husband's pension amount: $2176
Each child's pension amount: $554
Please let me know on what basis the above pension amounts are derived. In the case of superannuation or retirement pension, the formula applied is: Pensionable Salary x Pensionable Service / 70. For death case pension, is there a specific formula or method of computation?
Details of the case:
- Employee's length of service: 4 years 2 months
- Basic salary: $4615
- Age: 36
Kindly provide your expert opinion on this matter.
Thank you in advance.
From India
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The husband is not entitled to pension in general as he is not "dependent." His amount may have been derived from some other account. However, for an exact reply to the query, please visit PRO or discuss the issue with the person who filled the death claim form and Form 2A (revised).
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Thank you, Mr. Sharma, for your reply.
After marriage, only the spouse is considered dependent and eligible for pension, even if parents are still surviving. The PF does not disclose pension computation. Therefore, I have raised this query in this forum.
Thank you. Please reply if anyone knows the perfect answer.
From India
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After marriage, only the spouse is considered dependent and eligible for pension, even if parents are still surviving. The PF does not disclose pension computation. Therefore, I have raised this query in this forum.
Thank you. Please reply if anyone knows the perfect answer.
From India
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Dependents have a broad description, and it is not applicable for any working person or self-employed individual. It is assumed that the pension in the husband's hand serves as the legal guardian for the minor child(ren). Minor sons are eligible for pension benefits up to the age of 25, and the minimum pension amount should be ₹1000, provided that Form 2A was filed correctly.
For up to 3 persons, the pension is eligible, subject to a minimum of ₹1000. However, if Form 2A was filled out incorrectly, the cap of ₹1000 is maintained, but there may be a marginal increase allowed.
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For up to 3 persons, the pension is eligible, subject to a minimum of ₹1000. However, if Form 2A was filled out incorrectly, the cap of ₹1000 is maintained, but there may be a marginal increase allowed.
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PENSION CALCULATION.xls
PENSION CALCULATION.pdf
EPF PENSION CALCULATION.zip