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EPF Pension Much Lower Than Subordinate's - What Can I Do?

Milind

Milind Vadjikar  |1238 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 09, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Bappaditya Question by Bappaditya on Dec 02, 2024Hindi
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I retired as Senior Manager after serving my employer since 1981 to 2011. My last basic salary was Rs. 18500. I am receiving an EPF pension of Rs. 1870 only. I came to know from my retired subordinate, whose basic salary was much less than mine, that he is receiving around Rs. 2750 as EPF pension. Kindly advise whether my pension should be more than Rs. 1870 & if so how I can get redressal for the same.

Ans: Hello;

EPS came into effect from 1995.

Obviously your junior would have had more EPS contribution then you.

EPFO has an objective method of calculating pension eligibility and amount.

Be rest assured about this aspect.

Best wishes;
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