It will be very much helpful if anybody could advise me on the pension plan please.
The member have obtained the the "CASH CERTIFICATE" for availing pension from the PF Dept.
The condition for availing the pension benefit is:-
On Attaining the age of 58 years or 50 years, the scheme certificate may be surrendered along with form 10.C or 10.D for availing the entitled benefits.
Now the age of member is 51 and seeking following clarification please:-
- Since the age of the member is 51 Years, can he opt for benefit, if yes what will be the diff. between now and after 58 years.
- Whether he is required submit the claim FORM through his ex-employer? or can he submit directly (since the Factory now is closed)
- What will be the monthly pension if he opts now?
- Whether it is advisable opt now or after 58 years.
The detail of the Family pension “SCHEME Certificate” is as under:
Date of Joining the current Establishment : 16.11.1995
Date of Cessation of Membership : 31.07.2002
Date of Attained age of 58 : 08.06.2017
Age on date of Exit : 43 Years
Past Service up-to 15.11.1995 : 14 years
Actual Service : 6 Years
Eligible Service : 21 Years
Pensionable Service : 7 Years
Salary As on 15.11.1995 : Rs 2500/-
Pensionable Salary : Rs 5959/-
Last Salary : Rs 5959/-
NCP Days : 0
Thanks,
Suresh Babu
