Check new information quickly for employees working in Employees' Provident Fund Organization
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According to the order given by the Supreme Court, there can be an increase of at least ₹ 8500 in your pension account.
A limit of Rs 15000 has been fixed on the basic salary of lakhs of employees working in the private sector and pension is calculated on the basis of this.
After the verdict, this limit will be removed and the pension will be calculated at Rs.20,000 instead of Rs.15,000.
The monthly pension (Pension Fund) of the employees can be increased by at least Rs.8500.
If the salary of an employee is more than Rs 15000, PF will be calculated only on the salary of Rs 15000.
If the salary of an employee is Rs. According to the pension formula, the pension will be Rs 8,571 instead of 7500.
EPS Calculation Formula = Monthly Pension = (Pensionable Salary x EPS Contribution) can be checked.
There can be a direct increase of 300% in the Pension Fund.