PFRDA

what is the method of calculating monthly pension as per EPFO pension fund scheme?

I was member of the Family Pension Fund scheme, under the old scheme from 1985 to 1995 (10years) then continuing under the new scheme from 1995 to 2003 (8years). My basic salary at the time of leaving service was Rs.13000. I have been unemployed since 2003. I have now reached the age of 58. How will my pension be calculated under the family pension scheme rules? If any one has any knowledge of this please help. Thanks

Public Comments

1. % plus interest on principal
2. Monthly salary for computation purposes is restricted to Rs.6500/= Years served 18. 6500 * 18 /70 = 1671. The denominator of 70 is constant. From next year the monthly salary limit restriction is raised to Rs.10,000/=. Lucky guys. (I am also in the PF coverage).